09-08-2021, 02:13 PM
The recovery for retail IT/electronics continues, although it is still below pre Covid-19 levels. (mainly due to the lack of IT fairs?)
It is also interesting to note that their online business drops with brick-n-mortal recovering. That might reveal abit of the loyalty of a Challenger customer?
Finally, there is a huge 17mil "investment" into financial assets (OTC corporate bonds and listed equities). Granted, Challenger is an asset light business and cash makes up >75% of their equity. It does seem that the Company prefers to hold onto the cash and try its luck at investment, compared to paying them out to shareholders. Does it also debunk its previous argument that it needs substantial cash to fund its inventories/ down payment for its IT fairs etc?
HALF YEAR FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2021
The retail sector continues to remain challenging amidst the constantly-evolving and uncertain Covid-19 situation both
locally and globally. To mitigate these challenges, the Group will continue to focus on driving greater productivity, ramping
up e-commerce engagement and enhancing its overall product range.
1H2021 results: https://links.sgx.com/FileOpen/Half-Year...eID=677484
It is also interesting to note that their online business drops with brick-n-mortal recovering. That might reveal abit of the loyalty of a Challenger customer?
Finally, there is a huge 17mil "investment" into financial assets (OTC corporate bonds and listed equities). Granted, Challenger is an asset light business and cash makes up >75% of their equity. It does seem that the Company prefers to hold onto the cash and try its luck at investment, compared to paying them out to shareholders. Does it also debunk its previous argument that it needs substantial cash to fund its inventories/ down payment for its IT fairs etc?
HALF YEAR FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2021
The retail sector continues to remain challenging amidst the constantly-evolving and uncertain Covid-19 situation both
locally and globally. To mitigate these challenges, the Group will continue to focus on driving greater productivity, ramping
up e-commerce engagement and enhancing its overall product range.
1H2021 results: https://links.sgx.com/FileOpen/Half-Year...eID=677484