Today, Osim released the FY07 result. As a long time shareholder, the result is very disappointing. They try to put it in a positive way, but that does not disguise the fact that the year earning down 90%.
When one try to chew more than it could swallow, the indigestion is quite serious. I am staring at the share price, counting loss. I was at fault too.
1. Too confident on the brand value and company prospect.
2. Should sell out when the long term profit predictability trend has been broken.
3. Didn't really think through the cause and effect of the business.
Now, the only solution is to hope for the best. The discouraging part of the announcement was management didn't sound confident in turning the situation around in a short time.
Thursday, 21 February 2008
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2 comments:
Would not count on OSIM.
Looking at the limited breadth of product, the limited market potential and the increasing difficulties to manufacture. Adding that the brand it almost inexistent outside Singapore, it might be tough to look at them as a long term investment.
But heck, maybe they will expand their product range and start showing growth potential around the APAC region.
Let's hope.
P-A
I think on the long run, the rising affluence trend might help. But just in short term, I cannot see a clear picture. Having said that I have no intention to take the loss yet. Hoping the ambition would turn around.
Same, let's hope.
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