Back to say hi to all.......and expecting another round of discussion when results are release =D
"The Board of Directors of Challenger Technologies Limited (the “Company”, and together with its
Subsidiaries, the “Group”) wishes to inform that the Company will be releasing the financial results of the
Company and of the Group for the second quarter ended 30 June 2012 on 7 August 2012, after trading
hours.
By Order of the Board
Chia Foon Yeow
Company Secretary
24 July 2012"
Pretty flat results.......I hope tat challenger will at least open 1 more store tis year for a total of 2....
A fire broke out at Challenger's Funan Digitalife Mall outlet today
http://info.sgx.com/webcorannc.nsf/Annou...endocument
There were no injuries resulting from the Incident. The full extent of the losses can only be ascertained after detailed assessments.
The Company is currently liaising with its insurers on the estimated losses and claims under its policies
Slowly and steadily, Challenger has expanded its business and secured and defended its strong niche market position as the leading IT products retail chain in Singapore. Of course, the greatest achievement is under CEO Loo Leong Thye Challenger has been able to maintain steady profitability and pay out great twice-a-year dividends for a long time now. I just hope that the right timing for Loo to push ahead to ramp up its retail chain in Malaysia will come soon. Having penetrated into West Malaysia and been operating there for a few years now, Challenger should have by now built up a team of trusted and experienced local managers/supervisors in Malaysia.
The financial statements are quite strong. I think the capacity for growth lies in Malaysia. Revenue in Malaysia doubled from 2010 to 2011. Has anyone got any information on how the IT retail industry is like in Malaysia?
(06-11-2012, 11:05 PM)wcpk90 Wrote: [ -> ]The financial statements are quite strong. I think the capacity for growth lies in Malaysia. Revenue in Malaysia doubled from 2010 to 2011. Has anyone got any information on how the IT retail industry is like in Malaysia?
Just taking a clue from recent Courts Asia IPO's prospectus
Number of operating store
Singapore : 13
Malaysia : 55
Revenue
Singapore : 4803 SGDm
Malaysia : 8109 MYRm
There is much to be achieved by Challenger in Malaysia
will the recent fire impact the next quarter result?
(13-11-2012, 06:17 PM)pianist Wrote: [ -> ]will the recent fire impact the next quarter result?
I don't think so. Even there is an impact, insurance should cover it.
I really like this counter a lot, so much better than Courts
Currently trading at close to PE 9, still an easy buy
(invested)