ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

anyway, i heard challenger gave all their staffs a samsung tab 2 (7''). only requirement is not to quit for the next 6 months.
and i see you all saying buying from amazon is much cheaper than buying from challenger. actually challenger dont earn that difference. prices in singapore are high because of the distributers of those products in singapore. Challenger's selling price of those products are still very competitive than those in courts etc.

Challenger make full use of its retail space to gain the maximum returns, if you go to other retailers like courts or best denkis, they sell a lot more things and hired a lot more staffs, overheads are much higher.

Challenger got this homebrand call Valore which is a high margin product although its price is cheaper than other brands compared.

For me buying of IT products i will still prefer to see the product first hand before buying so if your new products have any problem, you can still go back to the store and change and get serviced.

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anyway you guys can go down challenger to take a look at the new microsoft tablet call surface, it was launched at funan challenger yesterday. Challenger is currently the only retailer authorised by microsoft to sell it but i expect a few weeks later other retailers will sell it too.

and im still a student, still learning, so i react according to what i observed when i do my shopping, not much calculations involved.

I guess the good observations made by kopitescouser in the previous post are reflected in Challenger's steady growth in revenue and profits over all these years under the guidance of CEO Loo.

The latest Challenger's half-yearly accessories catalogue.....
http://issuu.com/challenger.sg/docs/bag_...ode=window

I think a bigger bulk of the future revenues will come from products such as tablets.

If one were to make a purchase on a product such as the ipad,
you would realize that buying from online or any physical store cost the same amount of dollars.

There are 2 key factors to being profitable in this industry
1) Economies of Scale
2) Branding

I think Challenger and Courts are two of the biggest players in SG, I do think they have a much better cost advantage as compared to the smaller players.
Just like how NTUC/Sheng Siong/Diary Farm dominates their own market.

1 in every 15 Singaporean is a Challenger member, I do believe their membership will continue to grow and Challenger gets most of its revenues from repeated customers(members).

Challenger's membership program is quite similar to NTUC's membership program , it takes a really long time to build up but it has a lot of intangible value.


Going back to the online shopping scene, everyone will tell you that Amazon is dominating and they are making very good money!
But most of their revenues are from the US.

In US most people have to drive like 2 hours to get to a shopping mall, they usually don't go to the malls unless its weekends.
So online shopping makes a lot of sense, if I were an American I would prefer shopping online too!

In singapore, the cinema, the stores, the food court are all just downstairs!
If you ever own retail property or retail reits you will know how profitable it is to be in the retail business and it feels even better when you are the land lord ^_^

NTUC, Diary Farm and Sheng Siong have or are going into the online space, but none have really shown any success.

Challenger currently sells at 10 times earnings, which is decent but not cheap anymore.

When Challenger was selling at 5 times earnings it was really an undervalued stock, I told many of my friends to invest in it, most either brushed me away or laughed at me.

Going into 4 years as a shareholder of challenger, I have learned to ignore the general opinions.

Quoting from warren buffet "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. "

felix

i hope it will come down in price so i can grab some as I have totally forgotten about this gem in the midst of noise out there.

dydx
it is now 0.48 , down about 3%.

is it still a value buy ?

Anyone attended the AGM this morning? I missed it due to other commitment.

Today just XD, huat ahhh~~~~ ^^ $$$$

interesting share movement today... someone seems intent on pushing the share price down

(26-04-2013, 11:06 AM)safetyfirst Wrote: [ -> ]interesting share movement today... someone seems intent on pushing the share price down

Volume is little at 6 lots. Could be anything.

(15-04-2013, 03:46 PM)byfaith Wrote: [ -> ]dydx
it is now 0.48 , down about 3%.

is it still a value buy ?

Good question now