A darling in the local stock market and a successful home grown business which Singaporeans are proud of.
It is no wonder Ron Sim’s delisting offer for OSIM caused a stir in the stock market.
I believed that when OSIM was first selling luxury massage chairs, I imagine the naysayers would say things like “who would buy massage chairs at such high prices?”; “a bulky chair at home?”; and “massage chairs cannot be better than human touch”. The naysayers were not wrong entirely, they were probably not the target audience. OSIM found a niche in a stress-ridden Singapore whereby their customers are willing to enjoy a massage after a day of hard work. Also, customers may buy these chairs for their aged parents as a form of filial piety.
I want to give Ron Sim credit as an entrepreneur and his tenacity to make his dream come true. Singapore needs more entrepreneurs.
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