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Well supported at 28c....value investors had been accumulating....The Best is Yet to Come!!
Yes I agree that Time Watch deserves higher valuation. Given the fact that Time Watch revenue is from China, it qualifies for investment from China fund. The company is a potential target for China fund as it has good business fundamentals and remains undervalued.
Besides this, there will be further news to help price appreciation from possible news such as
1) Positive outcome from Zijinshan department store business
2) Further increase in sales revenue
3) Increase publicity to drive sales of Balco and Tianwang watch. If successful, even if it is small, it can result in significant increase in profit as the margin is very high.
If the click on the link, it does not work. Try using copy and paste the link including the last character "&".
CIMB has written a very detail report on Time Watch
https://www.gohdirect.com/NASApp/spaf/econtent/sg/TimeWatch-290807.pdf?GXHC_gx_session_id_=GXLiteSessionID--8483202187564112730&
https://www.gohdirect.com/NASApp/spaf/econtent/sg/TimeWatch-280807.pdf?GXHC_gx_session_id_=GXLiteSessionID--8483202187564112730&
This endorsement deal underpins a new marketing thrust that is expected to substantially strengthen Balco?s brand and market position in the foreign watch brand arena in the PRC. This initiative is expected to translate directly to improved watch sales as more watch buyers are looking towards adding imported, foreign brands to their timepieces collection.
?Company?) one of the leading manufacturers and retailers of local branded watches in
the People?s Republic of
Ng (吳鎮宇) to endorse Balco (拜戈表), one of the top Swiss-imported brands in the PRC, as part of its marketing thrust to boost its sales in the increasingly competitive foreign brands market. This endorsement also comes ahead of the company?s international store debut in
what is this news about ?
Show Time:
Leading PRC watch Player Signs On
Celebrity Actor Francis Ng for HK$1 million
? Leading PRC watch Player Signs On Critically Acclaimed Actor
Francis Ng ahead of International Debut Store Opening in Singapore
? Ambassador Choice Rides Popularity Both in
underpins marketing drive for Swiss-imported watch brand ?Balco?
Sh
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Published September 13, 2007
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World Bank raises China's GDP growth forecast
China can cushion impact of downturn in US, may stimulate world demand |
........The bank increased its forecast for China's 2007 GDP growth to 11.3 per cent from 10.4 per cent at the time of its last report in May. It projected only a modest slowdown next year to 10.8 per cent.
It raised its forecast of year-average consumer price inflation in 2007 to 4.6 per cent from 3.2 per cent to reflect a surge in domestic food costs and projected a 3.8 per cent rate in 2008.
I agree with smarttrader and I will wait patiently for this. I believe the next trigger will be when they release their dividend date.
When I look at DBS research counter, they are still reflecting Time Watch as a construction company.
good thing about this counter is more medium to long term investors...so it can move up pretty fast if there is trading interest...