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Broker Target Pricet Valuation Basis Report Date Upside
CIMB-GK $0.40 8.5X CY09 earnings 11-Feb 74%
Riedel $0.41 Sum of the parts 18-Dec 78%
Westcomb $0.39 10X blended FY08/09 PE 6-Feb 70%
http://www.nextinsight.com.sg/content/view/229/60/
Westcomb revised target price = 39 cents.....to reflect the current market weakness.....
Time Watch?s 1H FY2008 net profit up 42.2% to HK$ 38m on strong retail performance
Tian Wang ranked the No.2 best selling brand in PRC
Goal is part of scheme to quadruple country's per capita GDP by 2020
BEIJING) China hopes to grow its middle class to more than half of its population by the end of the next decade, a Communist Party planner said yesterday. The goal is part of a plan to quadruple China's per capita gross domestic product by 2020, said Zheng Xinli, vice-minister of the Communist Party's Central Policy Research Office.
A bigger middle class will also challenge the government to provide greater social security and services and better education systems, Mr Zheng said at a news conference. 'A growing middle-income population will ensure that more people will benefit from reform so that our reform will be endorsed and supported by more people,' he said.
Middle class is classified by the government as a family with a household income of between 60,000 yuan (S$11,860) and 200,000 yuan a year, Mr Zheng said.
Taking into account price changes, authorities project that by 2020 a little more than half of the country's families will be middle class, and 78 per cent of those will be in cities, he said.
Strong and steady...................
Old news but worth keeping in view.
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.
?Consumer demand for mid-priced watches has soared tremendously in the past couple
of years. No longer are customers buying just one watch, but two or three at the same
time, reflecting the growing affluence of the middle-income class we are targeting. I am
confident that with the popularity and long-lived quality reputation of our ?Tian Wang?
and ?Balco? watch brands, coupled with our extensive network and aggressive
expansion program, the performance of the company is satisfactory for this year.? Said
Mr. Tung.
To find out, read NextInsight's article: TIME WATCH's 655 points of sale in China wow fund managers .......
THE BEST IS YET TO COME!!
Time Watch Singapore outlet is located at The Central, #01-05, Clarke Quay.
Go and see for yourself!
Tian Wang (...) and Balco(...) ? two of China?s top watch brands
debut for the first time with first overseas outlet in Singapore this November
Singapore, 28th Nov 2007- Marking its first foray out of the People?s Republic of China
(PRC)
I have been holding TimeWatch from 0.29 to now 0.255...any good news?
ahxing.....I don't trade....I invest!!
The Best Is Yet to Come for TimeWatch........
I am holding this for abt nearly 1 year. This is quite a safe counter to have as it didnt fluctuate much and it also pay dividend... still not bad lor.. Hopefully one day it will soar.... BullRun u seems like vesting in alot of under value company leh.... Maybe u are old and experienced after so many years of trading... The most impt is that u have holding power =)
Time Watch is among the top picks of CIMB now.
Target price $0.40 with an upside of 36%.
Target based on 10x CY08 P/E.