SINGAPORE (Oct 28): OCBC is keeping luxury massage chair maker OSIM International on a “hold” with fair value of $1.49 as there are no clear signs of a pickup in sales.

OSIM posted 3Q results that came in below expectations.

Revenue fell 11% from a year ago to $141.5 million, making up 21% of OCBC’s FY15 forecast.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook