15-02-2014, 12:02 PM
(This post was last modified: 15-02-2014, 12:05 PM by felixleong.)
I wrote a bit about Courts Asia, u can check out the thread.
I'm overall quite negative about it, due to decline in EPS and increase in borrowings.
Too bad Harvey Norman got delisted... can't see their results anymore.
But overall I kinda feel that the IT retailing space is getting more and more competitive.
Example u look at jurong east area... Courts one shot open 2 big stores at JEM and Westgate! (Challenger has 3 stores in Jurong east, fight fight fight)
Revenues have been growing for them but margins are seriously declining...However Challenger seems to be a safer stock to hold as compared to Courts, due to the fact that Challenger is in net cash position while Courts is heavily in debt due to their expansion towards Indonesia.
I'm overall quite negative about it, due to decline in EPS and increase in borrowings.
Too bad Harvey Norman got delisted... can't see their results anymore.
But overall I kinda feel that the IT retailing space is getting more and more competitive.
Example u look at jurong east area... Courts one shot open 2 big stores at JEM and Westgate! (Challenger has 3 stores in Jurong east, fight fight fight)
Revenues have been growing for them but margins are seriously declining...However Challenger seems to be a safer stock to hold as compared to Courts, due to the fact that Challenger is in net cash position while Courts is heavily in debt due to their expansion towards Indonesia.