OSIM International (SGX: O23) has been in the news recently due to CEO Ron Sim’s offer to privatize the company at $1.32 a share — which he later raised to $1.39. In my previous article, I made the argument that OSIM is currently undervalued and is worth at least $1.47 a share. With that in mind, I decided to attend OSIM’s FY2015 AGM to gain some insight into the company and Ron Sim’s plans moving forward. Here are six things I learned from OSIM’s FY2015 AGM:

1. Drop in revenue is due to business cycles

Ron Sim mentioned that post Lehman Brother crisis, OSIM has been achieving double-digit growth for 22 quarters. In the second half of 2014, the market experienced a slowdown which caused OSIM’s growth to decline. Sim feels that conditions are tough right now in Singapore and Malaysia. He added that Singapore has been ......