OSIM

OSIM: (S$1.65) Business collaboration with Trek 2000 to take time
Maybank-KE believes the business collaboration between OSIM and Trek 2000 may take some time to surface, following the former's $10.9m investment which boosted its stake to 8.8% last week.

With Trek's technology solutions for Internet of Things, OSIM may be interested in connecting its wellness devices such as blood-pressure monitors and weighing scales to the cloud, just as it did its massage chairs.

Eventually, this could lead to a host of home-use “smart” products that are able to measure users’ biometric data. In addition, OSIM can also extract such data for predicting product replacement cycles.

Maybank-KE maintains its Hold rating with TP of $2.08, on the lack of growth catalysts. TWG is currently in investment mode in China and is unlikely to be profitable until it gains traction and scalability.