OSIM launches massive share buyback scheme to rescue flagging share price

It bought 1.3m shares yesterday.

OSIM International has embarked on a massive share buyback scheme in a bid to support its flagging share price, which has fallen by 10.3% from $2.08 since the third week of March.

According to OCBC, the group bought back around 1.3 million shares at $1.865 per unit yesterday evening, seeking to support this price level.

OCBC analyst Jodie Foo noted that although there are no concrete explanations for the weakness, key reasons for the decline could include weak macroeconomic data from China and The Capital Group Companies’ move to pare its stake in OSIM slightly from 5.021% to 4.994%.

“We keep in mind that the group is still in the midst of two legal disputes, thus they may eventually incur legal costs, and potentially evoke kneejerk reactions to its share price. In the meantime, start-up costs, wages and rental costs may continue to hold back any significant bottom-line growth for this segment. Downside risks could come from unexpected non-performing store closures for TWG Tea and slowdown in pace of new store openings,” Foo wrote.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia