15-03-2018, 03:55 PM
(24-01-2018, 07:44 PM)edragon Wrote:(24-01-2018, 04:27 PM)psslo Wrote: Luxury watch market has been signaling recovery for some time now, but valuation is better in HK.
I am vested in Oriental Watch & Emperor Watch. Both spiked up today on good news from Emperor. However, as they are both still at net-net valuation, it's still not too late to catch the boat, in my opinion.
https://www.reuters.com/article/brief-em...SFWN1PI0RT
Wonder how much is the Macau market meant for them?
Macau is < 10% in revenue & profit for Emperor. You can see the details in the FY results just released.
http://www.hkexnews.hk/listedco/listcone...314851.pdf
Mkt reacted favourably & price went up > 10% today. In my opinion, there is still 40%-50% upside to this net-net turnaround play pegged at both its NCAV (Net Current Asset Value) & earnings target.