Latest Forum Topics / Time Watch |
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Turnaround Theme
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smartrader
Elite |
17-Feb-2010 20:13
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will move back to 20 cts soon.. | |||||||||||||||||||||||
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Hulumas
Supreme |
05-Feb-2010 22:58
![]() Yells: "INVEST but not TRADE please!" |
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CHINA JISHAN has the same fate like TIME WATCH INVESTMENTS Ha. ha.. ha...
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smartrader
Elite |
05-Feb-2010 21:32
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TIME WATCH INVESTMENTS couldn’t meet a key listing criterion of the Hong Kong stock exchange, so it came to Singapore in 2005. The criterion was earnings of at least HK$50 million. But in the last financial year ended June 2009, it hit HK$62.1 million. In fact, it had crossed the HK$50 million threshold back in the financial year ended June 2007 by achieving HK$73.3 million profit. Now, that has given Michael Tung, the chairman and CEO, reason to cast his eyes on the Hong Kong stock exchange where his peers are getting far higher valuations for their shares. He griped about the lack of recognition by Singapore investors of his company’s performance in an article in The Edge this week. ”We are doing well, but nobody is trading our shares. Looking at the turnover of our shares, we don’t have to think twice about returning to Hong Kong,” he was quoted as saying. Time Watch is in the business of manufacturing and retailing its two proprietary brands: China-made Tian Wang and Swiss-label Balco. Tian Wang was reportedly China’s second best-selling watch with a 10% market share in unit sales. Time Watch shares closed at 17 cents yesterday (Feb 4), trading at PE of 4 only, according to Bloomberg, which uses earnings of the last four quarters. Mr Tung is exploring possibilities such as delisting the shares from the Singapore Exchange and relisting in Hong Kong, or simply getting a secondary listing there, according to The Edge. He said he had waited long enough for investors to discover his company. (Indeed, five years is a long time!) Now that the company has grown large enough (market cap: S$64 million, not exactly very big), he is wasting no time in tapping the large pool of willing investors he believes is waiting for him in Hong Kong or China, according to The Edge. Read our report on what Michael Tung said in an interview with Business Times a fortnight ago. He called the Singapore market a 'stagnant pond'. Click here. Written By: Leong Chan Teik |
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smartrader
Elite |
26-Jan-2010 23:17
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haha..today is really panic sellers riding the wrong wave.. hold on if you can, fundamental intact.. | |||||||||||||||||||||||
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Andrew
Master |
26-Jan-2010 23:03
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Did sharejunction reported TW price wrongly (rub rub eye).....16.5!!! WOW.....2400 lots can knock out 20%...... Not a good sign leh......so panic....
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WLBO_BB
Master |
26-Jan-2010 22:58
![]() Yells: "Warren Look Before Others _ Buffett Best " |
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well, did not load any as was busy at another counter, but same same there... most are down actually... Sigh,,,,
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smartrader
Elite |
26-Jan-2010 20:53
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oops ! did you guys get caught at morning high? hope you get at lows.. | |||||||||||||||||||||||
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aleoleo
Master |
25-Jan-2010 22:45
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actually i have been watching this gem for the past few days .... will whack 100 lots in for this fellow tomolo ... huat la |
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WLBO_BB
Master |
25-Jan-2010 21:50
![]() Yells: "Warren Look Before Others _ Buffett Best " |
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saw many post by you in this thread, maybe i'll come in to support you tomolo...
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smartrader
Elite |
25-Jan-2010 21:41
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cheers !!! | |||||||||||||||||||||||
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smartrader
Elite |
19-Jan-2010 20:20
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smartrader
Elite |
18-Jan-2010 20:25
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TIME WATCH INVESTMENT LIMITED (Registration No. 199502355R) TIME WATCH BUSINESS AND CORPORATE UPDATE The Board of Directors of Time Watch Investment Limited ("Time Watch" or the "Group") is pleased to provide the following update to shareholders pertaining to the Group’s latest business operations and developments. Incorporation of New Associate Company in Hong Kong In December 2009, the Group successfully incorporated a 47% owned associated company, Eastern Glory Enterprises Limited ("Eastern Glory"), which oversees the Group’s latest retail outlet in Tshimshatsui, Hong Kong. Retailing a variety of products including jewellery, cosmetics, electronic products and dried food products to affluent customers and tourists, this newest outlet began operations in December 2009 and has shown encouraging performance to-date. Underscored by the Group’s strategic initiative to expand its distribution network, this new outlet is expected to complement the services and product portfolio of its earlier establishment in Tsimshatsui, which had begun operations in January 2008 and will contribute positively to the Group’s performance in the financial year ending 30 June 2010 ("FY2010"). Continued Expansion of PRC Retail Sales Network The Group’s proprietary Tian Wang brand of watches continues to be the leading watch brand by sales in the People’s Republic of China ("PRC") based on latest available statistics released in October 2009 by the Chinese National Commercial Information Centre. The Group believes that despite growing affluence, the PRC consumer remains largely geographically immobile. To better capitalise on the long-term development of the PRC retail sector, the Group continues to actively expand its retail distribution network to augment its market penetration in the 2nd and 3rd tier cities. As at 31 December 2009, the Group had raised its total points of sales ("POS") to 962 from 843 as of 31 December 2008, an increase of 14%. Building on the continued growth momentum, the Group hopes to increase its POS network beyond 1,000 by mid of 2010 and to maintain a healthy growth rate for the rest of FY2010. Acquisitions and Strategic Alliances The Group successfully completed a series of strategic acquisitions and alliances in July 2009 to deepen market penetration. These acquisitions which relate to our purchase of 13% equity interest in Fortune Concept Limited, pe.timedesign GmbH and Swiss Fashion Time GmbH, together with our alliances in Suzhou Bao Li Chen Company Limited, have contributed positively to the Group’s financial performance. They have also extended our brand portfolio and market distribution network. Moving forward, we will continue to explore such synergistic opportunities that will drive our future performance. |
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smartrader
Elite |
16-Jan-2010 10:17
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PE 4.8 at this price. Room to go up if compare to peer Cortina.. | |||||||||||||||||||||||
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smartrader
Elite |
14-Jan-2010 20:25
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should trade above 20cts by now....wait for the 1H results, should be good..Then it can shoot up a few cents in a day.. cheers !! | |||||||||||||||||||||||
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ahxing
Member |
12-Jan-2010 20:57
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Correction.. not me start with this thread but i felt this counter still got alot potential.~~ | |||||||||||||||||||||||
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ahxing
Member |
12-Jan-2010 20:52
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Yoz is me again.. ahxing here... with the founder of PSL thread.. and this too.. =) | |||||||||||||||||||||||
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smartrader
Elite |
12-Jan-2010 20:29
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awake liao.. |
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smartrader
Elite |
05-Jan-2010 20:35
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slow and steady.. | |||||||||||||||||||||||
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smartrader
Elite |
04-Jan-2010 21:15
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under-valued and under-performed stock in 2009 to watch out... | |||||||||||||||||||||||
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smartrader
Elite |
21-Dec-2009 12:07
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so all the more Time Watch should dual list in HK since business and HQ in China and HK respectively....... it should be 50 cents long ago but SGX kills it... |
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