Apr 19 - OSIM ( Lifestyle + tea leaves = what mixed? )

Apr 19 - FA for OSIM, 
News:

Mr Sim's OSIM International, the lifestyle products group best known for its

massage chairs, said that it had acquired a 35 per cent equity stake in TWG

Tea Company Pte Ltd for $31.36 million. Also: the two companies will set up

a joint venture (JV) - OSIM-TWG (North Asia) - of which OSIM will be a 60

per cent majority shareholderCash on Hand and Debt-free,
   Jan-11, Co's cash & cash equivalents totalled $73m at the end of Dec-10
But at PE of 27 and NAV at 0.15. Is it over-value? A lot of analysts have rated it as BUY recommend. With the acquisition of tea leaves company, how the market responds? 


Apri 19 - TA for OSIM, 
let's watch the resistance line at 1.72, and the 3 support line 1.6, 1.48 and the strong support of 1.35. It is now trading at its 100D MA.