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Oriental Watch (398 HK)announced it is proposing to buy back a maximum of 83 million shares at 3 HKD (249M HKD). This represents a premium over 57% vs the average 30-day closing price on HKex. Once the shares are bought back they will be canceled which will…
Most readers would already be aware that Oriental Watch Holdings’ stock increased significantly by 37% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long term, so we decided to look at the…
Listed Hong Kong timepiece retailer Oriental Watch Holdings has weathered the multiple crises of the last financial year to record a decrease in turnover of just 3.5 percent and a profit of US$12.9 million. While turnover was down to $303.6 million, gross…
Slow-moving stock and falling sales due to the Covid-19 pandemic have prompted listed Hong Kong timepiece retailer Oriental Watch to issue a profit warning. The company has advised the stock exchange that net profit for the year to March 31 will fall by about…
Oriental Watch has shrugged off the impact of ongoing Hong Kong protests, with sales down a mere 1.1 percent and improved gross profit in the half-year to September. Sales totaled HK$1.168 billion (US$149 million), gross profit rose 10.4 percent to $318.2…
Oriental Watch’s sales fell by 15.7 percent last year – but the company’s bottom line was only minimally affected, in part due to reduced rents. The Hong Kong-listed retailer says that while the number of mainland visitors to the territory recovered last…
Oriental Watch Holdings sold fewer watches in the six months to September, but at a higher margin, boosting profit by 39 per cent. Group turnover decreased by 21.7 per cent to HK$1.181 billion compared with $1.508 billion during the same period last year.…
Easing rents, the closure of unprofitable stores and a trimmed-down inventory all helped Oriental Watch Holdings record a 10-fold increase in profit in its latest quarter. In the six months to September 30, Oriental Watch increased its post-tax profit from…
Listed retailer Oriental Watch Holdings says its net profit fell 78 per cent in the year to March. The company, which had issued a profit warning earlier in the year, has been hit by the slump in demand for luxury watches from mainland Chinese, in turn a…
