Time Watch   

Turnaround Theme

WATCH-MAKER Time Watch Investments is eyeing a growth of at least 20 per cent in its retail sales for the next two years, after posting a turnaround in its FY07 performance.

Great!!!

AT LEAST 20% growth in its retail sales for the next two years!!! Plus the new source of income from shopping mall.....The Best is definitely yet to come!!

 

Yes still SUPER CHEAP!!!! Tomorrow should continue to trend up

 

Price UP...Volumes UP.....but still way undervalued.

 

Company back in the black with FY07 profit of HK$73.4m



For the year ended June 30, 2007, the company reported a net profit of HK$73.4 million (S$14.3 million) - from a loss of HK$48.3 million the previous year - while sales rose 19 per cent to HK$855.86 million. Basic earnings per share was 20.92 HK cents - up from a loss of 15.44 HK cents.

 

WATCH-MAKER Time Watch Investments is eyeing a growth of at least 20 per cent in its retail sales for the next two years, after posting a turnaround in its FY07 performance.

 

 

CIMB - 28-8-2007

Our target price of S$0.40 is based on 10x CY08 earnings, which values the stock at a smaller discount to its peers. Initiate with Outperform.

 

TIME WATCH NET PROFIT SURGES 29% TO HK$83 MILLION, POSTS STERLING FY 07 RESULTS ON BACK OF ROBUST RETAIL SALES IN THE PRC

Target at least 20% sales growth for retail segment for next two years

 

Back to 24c...but still way below what the CEO paid recently!

Singapore, 19 July 2007 ? SESDAQ-listed Time Watch Investments Limited (?Time

Watch?, ?Company? or ?the Group?), one of the largest watch manufacturers, distributors

and retailers of time pieces in the PRC in terms of brand and sales, announced today

that the Group?s Chairman, Mr. Michael Tung, bought 1.5 million shares of the Company

over yesterday and today.

Mr. Tung paid approximately S$447,500 for the total purchase of shares in the Pan-

China watch business. He paid an average price of S$0.2983 per share for the purchase.

 

 

Look extremely attractive now!!

 

Limited downside..great time to take position.....vested!!

 

Front View of Zijingshan Dept. Store

Store background: The store was extended since 1992, and reopened in 1995, with an business area of 18,000 square meters, and 1700 staff members. The annual sales turnover up to RMB 300 millions. General Manager: Zhang Genxiang Store Location: Located at the corner of Jinshu road, Huayaun road, Renming road and Zijinshan road, near to Zijing square, International hotel and Hezhi hotel. Cerdit card: Domestic cards only Payment term for vendors: End of month

Store directory:
1st Floor: Jinshan Lianfan shop, Tobacco, Alcohol, Tea, Fruit, Soft Drink, Cosmetics, Traditional Medicines And Drugs, Health Care Articles, Computers.
1/F Upper: Bedding, Terry Embroidery, Carpets, Beauty House, Electronic Place.
2nd Floor: Clocks, Watches, Spectacles, Photographic Equipment, Jewelery, Seasonal Wear, Casual Wear, Sweaters.
3rd Floor: Men's Selected Dress.
4th Floor: Sportswear, Body-Builder's Equipment, Music Instuments, Office Facilities, Computers, Toys, Kids' Dress And Shoes, Books, Pleasure Ground.
5th Floor: Household Appliance, Lights, Hardware And Plumbing, Kitchen Utensil, A & V Products.
6th Floor: Building Material Supermarket

 

Time Watch has recently completed the acquisition of the Zhengzhou Zijingshan department store at RMB 96million and a commitment of RMB 14.9 million. The owned area span over 200,000 square feet and has an annual turnover of over RMB300 million. With an independent price valuation is at RMB225 million, the purchase is made at a big bargain.

Again if you compare this to today's Business Times news where MMP Reits purchase the Chengdu mall at 350 million yuan, it looks to me that Time Watch has made a great deal. The Chengdu mall has an area of 101000 sq ft and retail sales for 2006 was 263 million yuan.

 

YOU GOT IT!!

17 May 2007

Recommendation BUY (by WESTCOMB)

Share Price S$0.305

Target Price S$0.510

Upside Potential 68%

UPSIDE POTENTIAL is now >> 100%....HUGE SAFETY MARGIN!

Bloomberg Code Twin SP

 

Yes I am vested. Fundamentally TimeWatch is good with strong growth potential. It is highly undervalued given its current price.

One reason I could think of is it is because of a lack in interest in the watch business and media coverage. Besides very few could see the true value of the company especially with its past EPS being significantly depressed due to its aggressive expansion in PRC and also share consolidation. Given the highly positive outlook in PRC, the company is poised for strong growth in terms of revenue and earnings.

The past selldown is largely due to panic selling from small investor. The US Fed discount has effectively changed the market sentiment back to positive as people will refocus back on business fundamentals.

I am sitting tight till the report on Friday. In my opinion, this company should be worth at least 40cents. However I will re-evaluate this once the report is out.

 

boy, never fall in love with your stocks...always know what you are doing...do risk management and do your research, have confident in yourself !!

Once I identify an undervalued stock, I will monitor, plan, move funds and pump. All is happening as per plan.....so I just buy and buying it happily....NO FEAR!!

 

U got so many bullets meh...keep on buying

 

jkbk007, I just keep buying as it continue to correct.....u bought any?

 

jkbk007, Price stablised for now....taken position!

 

I have been watching this counter over the last few months after reading some analysts reports. Some give it a TP of  as high as 51c! However, they are actually comparing to companis listed in HK and PRC which in general trading at very high PE.  Looking at the selling pressure and market sentiments I would rather wait for a little longer. Market has taken a reset and in general valuations of all sectors will drop too. FY07 result should be ok but not sure how much it can exceed expectation...may consider taking position later when I confirm it can do well.

 

Bullrun, Yes I agree the support is at 24c.

By the way it seems that you are pretty interested in this. Care to share why?

 

Touch 24c few times over the last few weeks. This will be the critical support level.