http://www.remisiers.org/cms_images/rese...12cimb.pdf
didn't expect that any brokerage house will actually cover them though I will rather thg not be covered. quite a detailed report though it seemed like many information comes from the annual report itself
(vested)
(11-10-2012, 05:20 PM)shanrui_91 Wrote: [ -> ]http://www.remisiers.org/cms_images/rese...12cimb.pdf
didn't expect that any brokerage house will actually cover them though I will rather thg not be covered. quite a detailed report though it seemed like many information comes from the annual report itself
(vested)
No wonder price of THG has been escalating for the past few days... Hopefully, more to come ..
According to this report, it says THG is worth $2.30...........
Is this bringing up Cortina as well? It's up 16.85% today....
http://www.fhs.ch/script/getstat.php?fil...0909_a.pdf
Hong Kong, China and SIngapore suffered 20+% decline in sales in september, is this a sign of weakness? September data is higher than Aug but still lower than from Mar to Jul. Likely that sales growth will not be fantastic this year.
On a side note, Japan's market has been growing so fast that its Jan-Sep sales is only 23 million behind Singapore
Swiss watchmaking in September 2012
Monthly result down
Watch exports recorded a decline in September. Their value, 2.7% below the figure recorded for September 2011, amounted to 1.7 billion francs. This poor showing, while rather sudden, follows more than 30 months of steady increase and is not therefore cause for concern. It confirms the expected slowdown in growth and aligns the industry with its general progression towards the projected annual target, which will remain well above the level attained in 2011. The variation for the first nine months of the year indicates +13.6%.
Bimetallic watches played a major role in this downturn, while steel and gold timepieces showed a positive result. Amplifying the trend of previous months, the number of watches exported fell sharply. Most materials contributed to this decline. The categories of other metals and other materials did however have a stronger influence.
September’s downturn is attributable to watches costing less than 3,000 francs (export price), whose value fell by 10.8% and whose decline in volume terms was 10.7% on average. Timepieces costing more than 3,000 francs, which generate more than 60% of total value, saw their performance improve by 3.7% compared to September 2011.
Asian markets were most affected by the downturn. Hong Kong, China and Singapore recorded some of the steepest declines across the board. These developments reflect sales figures on these markets over a period of several months, with growth clearly losing its momentum. The United States also registered a downturn, albeit less marked. In contrast, Europe continued to bounce back. While France increased by only a few points, Italy and Germany recorded significant upturns. Other growth regions included Japan (+6.9%) and the Middle East (+31.8%).
Source: FHS
(18-10-2012, 07:57 PM)shanrui_91 Wrote: [ -> ]http://www.fhs.ch/script/getstat.php?fil...0909_a.pdf
Hong Kong, China and SIngapore suffered 20+% decline in sales in september, is this a sign of weakness? September data is higher than Aug but still lower than from Mar to Jul. Likely that sales growth will not be fantastic this year.
On a side note, Japan's market has been growing so fast that its Jan-Sep sales is only 23 million behind Singapore
The only consolation is that
"Timepieces costing more than 3,000 francs, which generate more than 60% of total value, saw their performance improve by 3.7% compared to September 2011."At least it still shows that this category remains resiliance, although improve only by a marginal percentage...
THG is establishing a small 30% (effective interest) owned 'beachhead' retail outlet in the popular holiday island of Phuket, Thailand.....
http://info.sgx.com/webcoranncatth.nsf/V...F00143ED8/$file/Announcement_Royal_Paragon_Watch.pdf?openelement
Would Koh Samui - the other equally popular holiday island in Thailand - be another potential retail point?
(22-10-2012, 06:01 PM)dydx Wrote: [ -> ]THG is establishing a small 30% (effective interest) owned 'beachhead' retail outlet in the popular holiday island of Phuket, Thailand.....
http://info.sgx.com/webcoranncatth.nsf/V...F00143ED8/$file/Announcement_Royal_Paragon_Watch.pdf?openelement
Would Koh Samui - the other equally popular holiday island in Thailand - be another potential retail point?
Valuations for this company is still cheap and based on its constant growth of new profits, i am confident about this stock! Will load in more when the price drops.
The Hour Glass ($1.80) - Register a 10 cts surge with heavy volume to close at a new high of $1.80... Awaiting to see more action next week...