Latest Forum Topics / Time Watch |
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ahxing
Member |
04-Aug-2007 17:56
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Long term investing on this counter~ it doesnt move much. FA is still good. Mayb will buy when it is cheap. |
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jkbk007
Senior |
04-Aug-2007 14:24
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Despite the fact that Time Watch key business is in China and has not been speculated by the BBs, there has been small volume of panic selling by retail investors. Time Watch key fundamental is pretty strong and is poised for a very strong earnings. My estimate for eps for 2006 is at 3.65 cents. Thus at current prices the share is very cheap for a penny stock. There is no reason to panic and sell down the share. The recent price drop is purely due to a small number of retail investors. The big players are not gonna do that as the US credit situation has no direct impact on their business earnings. China will continue to prosper and on the contrary US may need China to save them. Just wait for the financial report on 24 Aug 06. |
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jkbk007
Senior |
23-Jul-2007 08:02
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TIME WATCH CHAIRMAN BUYS 1.5 MILLION SHARES
Singapore, 19 July 2007 ? Stock purchases raise Chairman?s stake in leading watch manufacturer, distributor and retailer in the PRC Reflects confidence in Company?s robust growth outlook on back of surging PRC demand for mid-priced watchesSESDAQ-listed Time Watch Investments Limited (?Time Watch?, ?Company? or ?the Group?), one of the largest watch manufacturers, distributors and retailers of time pieces in the PRC in terms of brand and sales, announced today that the Group?s Chairman, Mr. Michael Tung, bought 1.5 million shares of the Company over yesterday and today.Mr. Tung paid approximately S$447,500 for the total purchase of shares in the Pan-China watch business. He paid an average price of S$0.2983 per share for the purchase.?Consumer demand for mid-priced watches has soared tremendously in the past couple of years. No longer are customers buying just one watch, but two or three at the same time, reflecting the growing affluence of the middle-income class we are targeting. I am confident that with the popularity and long-lived quality reputation of our ?Tian Wang? and ?Balco? watch brands, coupled with our extensive network and aggressive expansion program, the performance of the company is satisfactory for this year.? Said Mr. Tung. |
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jkbk007
Senior |
20-Jul-2007 10:46
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Here is an abstract of an annoucement from Time Watch. ...The Group is optimistic with the widening Chinese middle class segment and improving business conditions in the PRC. Said Mr Michael Tung,? As we are moving towards the festive season, we are optimistic about the results for 2H2007. Our immediate growth plans to open another 100 stores, expand into Singapore as well as secure sole distributorship for trendier brands like POLICE will essentially create for us a sustainable competitive advantage over our peers and contribute positively for further revenue sales. Our half year results are already bearing fruits of what will be an outstanding performance for FY2007 |
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jkbk007
Senior |
20-Jul-2007 10:29
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Full Year 2007 financial statement ending June 2007 should be good with chairman making purchase. Time Watch chairman buys 1.5 million shares MICHAEL Tung, chairman of watch retailer Time Watch Investments, has bought 1.5 million shares of his company over the past two days. He paid about $447,500 for his purchase, at an average of $0.2983 per share. Shares of Time Watch closed half a cent up at $0.295 yesterday. |
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smartrader
Elite |
20-May-2007 17:03
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Definitely. Sold 100lots at 36 cents after shares consolidation. Now accumulating at 31 cents (so far 60 lots) . Financial year closes in Jun. Should be good set of result.. |
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ahxing
Member |
20-May-2007 16:36
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This can accumulate... a good one..~ |
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smartrader
Elite |
21-Apr-2007 23:54
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Old news for sharing. Just bought 100lots at 31 cents on friday. Time Watch Investments issues new shares to raise funds for expansion [2007-02-15] KhattarWong is advising SESDAQ-listed Time Watch Investments Limited (?the Company?) in its issue of 34 million new shares. If the new shares are fully subscribed, the Company will raise approximately S$11 million from the issue. The net proceeds will be used to fund the Group?s business expansion and for working capital purposes. O On 15 February 2007, the Company entered into a placement agreement with OCBC Securities Pte Ltd (?OCBC?) to place the shares at the price of $0.33 per new share. In addition, OCBC will also purchase and / or procure the purchase of 17 million existing ordinary shares from Winning International Limited, a substantial shareholder of Time Watch. In a press release issued by the Company, its CEO, Mr Michael Tung said ?This share placement exercise marks an important milestone for Time Watch. We are already attracting potential high quality investors into the shareholding register of the company, an endorsement of the progress Time Watch has made since its listing in Singapore?The exercise will additionally serve to strengthen our balance sheet.? In a separate transaction in January, the Company had entered into a subscription agreement with OCBC Capital Investment Private Limited for the issue of S$5m in aggregate principal amount of a 3½-year convertible bond facility due in 2010. |
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smartrader
Elite |
18-Apr-2007 20:49
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start to see some action.... |
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ivorycoast
Elite |
13-Feb-2007 11:36
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Personally I feel that this watch business is a worthy investment in the long run. Watch is already a necessity for everyone. For the better to do, they will own many watches. For the well to do, luxury watch is just part and parcel of their life. Just China alone, the market for watches is gigantic. |
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crumbs
Member |
09-Feb-2007 16:31
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Time Watch rises by 3cts today. Excellent! |
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crumbs
Member |
09-Feb-2007 06:54
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Worth considering as Time Watch is currently just 30cts. Just look at Sincere Watch performance gives us an idea how the watch industry performs.... "PREMIER watch specialist Sincere Watch yesterday reported record revenue growth of 22.9 per cent year on year in its third-quarter results. Revenue in the October-December 2006 quarter was a robust $105.7 million, surpassing the $100 million quarterly revenue mark for the first time in the group's history. The strong growth was also attributed to the strength of the local and regional economies, improved visitor arrivals and the increased marketing efforts that the group undertook. " |
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crumbs
Member |
08-Feb-2007 23:34
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Yes, the watch business is big business. The PRC is a huge booming economy and TimeWatch is set to attract the new middle class in China as well as within the region. One just needs to look at City Chain and SincereWatch to see the untapped potential. |
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crumbs
Member |
08-Feb-2007 15:10
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In-house brands yield hefty profits. You can make a very good designer watch with all bells and whistles, slap on your own label, "platinium metallic" guarantee card and carved wooden gift box (total cost around S$50) and retail in Singapore in the range of S$350 to S$600. One can see how popular and profitable the City Chain stores are. Another good example of a watch company is Sincere Chain. It is a little more upmarket but is also reflected by its share price @$1.34 Now you can get a piece of the action through Timewatch! |
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crumbs
Member |
08-Feb-2007 10:51
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And yes, Westcomb has a target price of 36cts at the moment. |
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crumbs
Member |
08-Feb-2007 10:37
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At pre-consolidation prices, @0.5cts Timewatch should be trading at 25cts, and @1cts, Timewatch should be trading at 50cts. Currently @30.5cts, there is not much of a premium to be paying for Timewatch Look at how well Sincere Watch is doing ![]() |
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ivorycoast
Elite |
26-Jan-2007 10:37
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Value for money ? This new business direction seems good. Watch business like Sincere Watch has shown that watch is big business. |
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ROI25per
Master |
25-Jan-2007 14:00
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so price will be bet 0.25 to 0.50 [b4 was 0.005 to 0.01] |
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maxsyn
Veteran |
25-Jan-2007 13:40
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50 to 1 means old 50 lots @0.005ct = $250.00. After consolidation, old 50 lots translates to 1 new lot, ie 25 cts per new share. Besides trim the supply by 50 times, any other factor to consider? |
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ivorycoast
Elite |
25-Jan-2007 12:17
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Now only about 0.0065 cts only ? Chirp chirp ? |
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