Having been in business for 37 years, Sim is a firm believer of business cycles. Drop in revenue is due to business cycles Ron Sim mentioned that post Lehman Brother crisis, OSIM has been achieving double-digit growth for 22 quarters.
He believes that every six to eight years the market will shift and one cannot entirely escape from the turn in cycles. Since the acquisition, TWG Tea has leveraged on its luxury brand appeal and grown from three outlets to 52 outlets in just six years.
He believes his offer price is fair for investors relative to the value of the company. If you want more sales, OSIM can sell more of their products at a discount but at the expense of margins. Ron Sim mentioned there are two ways to grow the business: Sim further mentioned that the management prefers not to reveal too many details about TWG Tea for competitive reasons.
Sim reasons that privatization is the better option for OSIM, so it can run its business without hindrance from public-listed company regulations and protocol.
As fair as Sim wants to be, he said that stock prices are driven by market sentiment which he has no control over. He believes he has done his job as the driver of the company.
At that point in time, three banks approached Ron Sim to delist the company.
He added that the company must be mindful of how it spends its money during tough times. What is more important is for OSIM to deal with the down-cycle and find ways to sustain its business without brand dilution while maintaining its margins, healthy cash flows, and a strong cash position.
So he issued rights and started to rebuild OSIM again, eventually bringing its share price from 5.
The book can be found in all major book stores worldwide and on Amazon. He added that Singapore has been on a good run the last 10 Osim international and it is time for a correction.
Despite the tough conditions, OSIM has managed to maintain its gross margins. OSIM had around 3, shareholders then and he wanted to be fair to them. TWG Tea Singapore took nine years to be profitable due to its high cost.
You either sacrifice sales or margins. He has also been featured multiple times on national radio on LIVE for his views and opinions on how to invest successfully in the stock market.
The reason was he had been in business for a long time and he did not want to spoil his reputation. Sim feels that conditions are tough right now in Singapore and Malaysia.20 OSIM International reviews. A free inside look at company reviews and salaries posted anonymously by employees/5(20).
OSIM International (SGX: O23) has been in the news recently due to CEO Ron Sim’s offer to privatize the company at $ a share — which he later raised to $ and then $ In my previous article, I made the argument that OSIM is currently undervalued and is worth at least $ a share.
Do you trust OSIM International? Join 8 customers in voicing your opinion today! | mint-body.com OSIM International Reviews by Locals - OSIM International Ltd (傲胜国际企业), was originally established in Singapore in by Ron Sim, as an electrical and household appliance company under the name of R Sim Trading.
With a small start-up capital, the company was mainly involved with the marketing of household products such as 4/4. Osim International. likes. OSIM International Ltd, was originally established in Singapore in by Ron Sim, as an electrical and household. OSIM International Ltd markets, distributes, sells, and franchises healthy lifestyle products in North Asia, South Asia, and internationally.
The company operates in Retail and Distribution.Download