Dear readers, it was announced today that Mr George Goh Ching Wah, the Co-Founder and Group Executive Chairman of Ossia International Limited has indicated that he will run for the upcoming Singapore Presidential Election. Mr George Goh Ching Wah’s announcement came after similar announcement from Mr Tharman, Singapore’s Senior Minister to contest the Presidential Election.
Mr George Goh’s announcement inevitably drew the spotlight on SGX-listed Ossia International Limited. Let us take a quick look at Ossia International stock.
According to Ossia International website, Mr George Goh and his brothers Steven and Joe co-founded Ossia International. And among other appointments of Mr George Goh, Mr George is also the Executive Deputy Chairman of Pertama Holdings Pte Ltd trading under the name of “Harvey Norman”, which retails electrical, computer, furniture and household products. Ossia holds an effective 19.8% stake in Pertama Holdings Limited,
The corporate profile also mentioned that Ossia International was established in 1982 and “has grown from a footwear manufacturer to a leading regional distributor and retailer of lifestyle, outdoors, luggage and accessories products.” Ossia was listed on SGX on 20 Nov 1996.
Based on SGX website of Ossia International, Ossia International stock closed today (12 Jun 2023) higher by 4.046%) at $0.18 per share following news of George Goh’s announcement to contest in the Singapore’s Presidential Election. I noted that as at the last trading year last year (30 Dec 2022), Ossia stock price was $0.118, and hence the stock has done very well this year with a year-to-date capital gain of around 52.5%, this should make Ossia stock one of the best Singapore stock gainers year-to-date this year. Based on the technical chart of Ossia International, Ossia International stock made an impressive 30.8% gain on 30 May 2023, this helped to contribute to the stellar showing of the stock year-to-date this year.
Let us look at some details of Ossia International stock as at 12 Jun 2023, based on the aforementioned SGX website.
Market Capitalisation: $43.7 million
Price-to-Book: 0.796 (this makes Ossia stock an undervalued stock)
Dividend yield: 6.77% (quite an attractive dividend yield: noted that the company has been paying annual dividends since 2018)
Based on the technical chart, Ossia International stock is currently at an Overbought level with RSI level of above 70. (i.e. RSI>70).
Please note that this post is just a sharing of Ossia International stock and not a recommendation of this stock. Always do your own due diligence when it comes to investing your monies, Thank You.