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lg_6273 Elite	06-Nov-2007 19:55        lg_6273 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Published November 6, 2007 Will Christmas bring cheer to OSIM? By CHOW PENN NEE Email this article Print article Feedback BOTH men at the helm of OSIM International have raised their stakes in the healthy-lifestyle gadget company. Last Friday, founder and chief executive Ron Sim bought two million OSIM shares on the open market at about 61 cents, raising his direct and deemed stake from 52.71 per cent to about 53.08 per cent. This follows on from September, when Mr Sim had boosted his holding in the company by 500,000 shares or a stake of 0.09 per cent. And last week, its executive director and chief financial officer (CFO) Peter Lee Hwai Kiat increased his direct shareholding in the company from 72,000 shares to 280,000, raising his interest from 0.013 per cent to 0.052 per cent. This is the first time he has bought stakes in the company since his appointment to the board two years ago. By raising their stakes even after the company announced a Q307 net loss of $6.6 million late last month, was OSIM's top management signalling their confidence in the company and indicating that OSIM, which had seen its earnings hit a rough patch over the past few quarters, was finally turning the corner? To be sure, the company best known for its massage chairs has not been in the best of health ever since the acquisition of US-based Brookstone about two years ago. OSIM, which was raking in big profits before the acquisition, saw net profit for Q106 fell 94 per cent to just $0.5 million, due to financing costs and lower revenue from Brookstone. Then in Q306, OSIM sank into the red, chalking up a net loss of $9.8 million against a profit of $10.4 million a year ago. In July this year, it also had to grapple with losses resulting from copycat products of its best-selling uZap body trimmer and negative publicity arising from these imitators' unsubstantiated performance claims. In Q3 this year, sales from North Asia showed a decline of 6 per cent from the year before. The spectre of a US recession has now cast even more uncertainty over the performance of retailer Brookstone, as US consumers may become less inclined to spend on gifts and other products. But Mr Sim has been optimistic about the company's prospects and has tried to shrug off concerns bugging the company. Although he had conceded at the most recent results briefing that imitators were part and parcel of operating in emerging markets, he said the way to counteract this was to 'register patents and designs, and also move ahead of the competition by launching more products faster'. So the company is banking on success from the launch of a slew of new products and getting high-profile endorsement from the likes of Taiwanese model-actress Lin Chi Ling. The question is whether the market shares his optimism. Share purchases by top management will not necessarily sway opinions. One gets the feeling that the current quarter would be the litmus test. For OSIM, Q4 is certainly a critical period, as Brookstone's profits are primarily made during the Christmas period, although the group is trying to make the US store profitable all year round. There are also emerging signs that OSIM's earnings could be on the upturn. Net losses at the group level have been narrowed, with overall net loss of $6.6 million in Q307 decidedly smaller than the $9.8 million loss a year earlier. And even though it turned in a loss, the company's earnings before interest, tax, depreciation and amortisation actually rose 22 per cent to $15.8 million, and net profit excluding associates and joint ventures jumped 67 per cent to $8.2 million. But investors still need to be convinced that there is truly light at the end of what has been a relatively long tunnel, and that it is not a false dawn. OSIM has to deliver in Q4. After two years of little concrete results from the acquisition of Brookstone, the market has grown increasingly impatient. If Q4 disappoints, then all of management's optimism would count for little.
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lucky168 Veteran	04-Nov-2007 11:45        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	strong resistance at $0.685 merry while there is sunshine!
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singaporegal Supreme	04-Nov-2007 10:06        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	TA charts look slightly better as compared to its previous few months. Price has cut above the upper bollinger band with Acc/Dist and Chaikin starting to rise.
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jackjames Elite	01-Nov-2007 21:43        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.remisiers.org/research//osim-caz.pdf Outperform call by CazeNove, Fair Value:$1.00
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dcang84 Veteran	01-Nov-2007 21:35        dcang84 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	What's with this stock? Anyone can provide TA for Osim? Thanks.
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novena_33 Veteran	31-Oct-2007 06:39        novena_33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear Hulumas, this time i agreed with u
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reisspoh Member	30-Oct-2007 23:59        reisspoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	suspicious .... signals showing possible quick up ... watch closely
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pikachu Veteran	28-Oct-2007 10:28        pikachu About Contact  Quote this Post!   Mood: Yells: "Holy Cow!"
x 0   x 0  Alert Admin	How come Osim gain so much on Friday?
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ROI25per Master	25-Oct-2007 22:09        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	bs bleeding us10m every q except for q4, expecting bs q4 to post profit to cover first 3q as per last yr may not come true....
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Applet123 Member	25-Oct-2007 21:53        Applet123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't think OSIM can ever recover to its peak. It is still losing money this quater.
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Hulumas Supreme	25-Oct-2007 18:33        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Dear Novena_33,   It goes without saying, living thing massage is much much more comfortable than non living thing massage!!!
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novena_33 Veteran	25-Oct-2007 17:23        novena_33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	spend on money on this chair....i might as well paid ppl to massage me.... more shoik then a chair.... can have different ppl ...different style ...different location some more not that i dont support our local product.....
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Fisher Member	25-Oct-2007 16:48        Fisher About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have said this many times before. Massage chairs, Leg squeezers, Seat gallopers, Abdomen shakers are fads. These products will sell for a few months and then they die off quietly. They will do well initially when launch overseas but will also die a natural death after a few months. Ask yourself, your friends, your relatives, your collegues, and see if any of them are repeat buyers of these gadgets. Many bought once and never buy the same stuff again. And now with LCD and Plasma Tvs selling below $2000, not many will give priorities to massage chairs priced between $3000 and $8000. Claiming that sales in new markets are increasing are misleading. These are one offs. Sales will plummet after initial hoos haas. Just like fireworks, the glitters are short and darkness take over immediately. How much can you continue to spend on new fireworks ?
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CWQuah Master	25-Oct-2007 16:15        CWQuah About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Just thought I'd share some observations on firms dealing with health products like Osim. I was at Century Square yesterday evening, waiting to meet up with someone, and I saw this products promotion event display by another firm dealing with magnetic bracelets, massage cushions, etc. O****. Next to it was actually a lingerie display area, probably by one of the in-house departmental stores. The shelf area wasn't even 10% the size of O****'s display, but it had at least 10 people browsing. As for the O**** display, there were 5 promoters, and ZERO visitors. Mind you, it's actually the peak human traffic period in Century Square, a lot of people walking by, but not one stopped to see what O**** had to offer. I guess, when it comes to consumption demand for goods, only essentials will enjoy permanent demand. Luxury goods, 'good-to-haves' do not necessarily benefit even during economic booms. Would you pay a few thousand dollars to get a massage chair to occupy your living room, or would you spend a few hundreds or less going for a real human massage in a spa? Nothing against Osim, but I just wanted to point out a very important point in real-life economics.
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jackjames Elite	25-Oct-2007 16:11        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	still lossing money, not need to discuss, DUMP the shares.
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ngw050873 Member	25-Oct-2007 16:03        ngw050873 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think this counter is really losing its appeal among investors.....used to part one of the most viewed and talked about stock in this forum but now no one seemed interested despite their 3Q07 earnings report yesterday....
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scotty Senior	14-Oct-2007 22:17        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Maybe it is not Osim's fault? Maybe the industry is just saturated now.
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EastonBay Master	08-Oct-2007 23:47        EastonBay About Contact  Quote this Post!
x 0   x 0  Alert Admin	and do what others have done to him...? ie. copy successful spas products and just replicate it.. don't need to spend too much $$ in R&D.
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tanglinboy Elite	08-Oct-2007 21:29        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 0   x 0  Alert Admin	Maybe Osim should go into the spa business?
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KiLrOy Master	04-Oct-2007 23:39        KiLrOy About Contact  Quote this Post!   Yells: "I buy only what I can see."
x 0   x 0  Alert Admin	mebbie those who are vested can help mr sim think of how he can overcome the 'build a new product and within six months, a copy version is out' problem.  Patent is out for sure.
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