Osim International set to clinch higher FY14-FY15F earnings

TWG helped bump up forecasted profits.

According to DBS, Osim International is on track to meet the research firm's FY13F earnings estimate.

DBS even increased its forecasted earnings for the manufacturer given rosier contribution outlooks from its TWG stake.

"We increase FY14F/FY15F earnings by 4% each to account for slight earnings accretion resulting from the higher shareholding in TWG," said DBS.

Osim had increased its stake in TWG Tea from 45% to 53.7%.for S$7.2m in October. TWG reveuew and earnings for the previous financial year amounted to S$42m and S$6m, respectively. Post consolidation with the TWG financials, DBS expects these numbers to provide a slight earnings accretion (+4%) to Osim International's FY14F/FY15F earnings.