Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Oriental Watch exhibits some clear break points to take action and a compelling weekly chart cycle that sets the stage for a bullish resolution out of the range. How long this flat range extends is the risk before we see upside ignition. Noise risk would stem from a temporary break below lower pattern support.When price trades flat as daily and weekly indicator cycles pullback, it typically is a bullish set up as the weekly RSI coils to unleash a fresh up cycle. The daily cycle will lead a the…

Oriental Watch exhibits some clear break points to take action and a compelling weekly chart cycle that sets the stage for a bullish resolution out of the range. How long this flat range extends is the risk before we see upside ignition. Noise risk would stem from a temporary break below lower pattern support.When price trades flat as daily and weekly indicator cycles pullback, it typically is a bullish set up as the weekly RSI coils to unleash a fresh up cycle. The daily cycle will lead a the…

Oriental Watch Bullish Resolution and Action Points

Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul><li><a href="https://www.smartkarma.com/entities/19950" target="_blank" data-smartkarma-citation="entities:19950:1">Oriental Watch Holdings (398 HK)</a> is a HK/China watch retailer listed in HK since 1993</li><li>Rental prices in HK have dropped sharply and consumer sentiment in HK is improving</li><li>Oriental reached peak valuation of 6.2 HKD in July 2011</li><li>Oriental bottomed at 0.9 HKD in July 2016</li><li>With shares recently around 1.75 HKD they have doubled from last year but are still very cheap</li><li>Market cap is 1B HKD (128M USD) but EV only 221M HKD (28M USD)</li><li>First Half results showed turnaround, Second Half to be even better</li><li>Management moving to 90% payout as expansion plans are on hold: potential 10% yield in 2018</li><li>Fair Value: should trade at least at 0.75x book (2.9 HKD), or 65% upside </li></ul>

Oriental Watch Holdings (398 HK) is a HK/China watch retailer listed in HK since 1993Rental prices in HK have dropped sharply and consumer sentiment in HK is improvingOriental reached peak valuation of 6.2 HKD in July 2011Oriental bottomed at 0.9 HKD in July 2016With shares recently around 1.75 HKD they have doubled from last year but are still very cheapMarket cap is 1B HKD (128M USD) but EV only 221M HKD (28M USD)First Half results showed turnaround, Second Half to be even betterManagement moving to 90% payout as expansion plans are on hold: potential 10% yield in 2018Fair Value: should trade at least at 0.75x book (2.9 HKD), or 65% upside 

Oriental Watch: 0.45x Book, 2x 2018 Ex-Cash P/E, 78% of Mkt Cap Is Cash; 10% Dividend Likely in 2018

Value Investor, Frontier Asia Capital

Winston Chu

Value Investor

Frontier Asia Capital

Oriental Watch looks like a deep value play trading at a deep discount to book value, but the underlying realities of the business imply it's a value trap.  At today's "cigar butt" valuation, investors may want to consider exiting after the first puff.

Oriental Watch looks like a deep value play trading at a deep discount to book value, but the underlying realities of the business imply it's a value trap.  At today's "cigar butt" valuation, investors may want to consider exiting after the first puff.

Hong Kong

Oriental Watch Holdings Limited, through its subsidiaries, trades watches and invests in properties.

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Oriental Watch (398 HK)

Oriental Watch Bullish Resolution and Action Points

Oriental Watch exhibits some clear break points to take action and a compelling weekly chart cycle that sets the stage for a bullish resolution out...

Thomas Schroeder

Oriental Watch: 0.45x Book, 2x 2018 Ex-Cash P/E, 78% of Mkt Cap Is Cash; 10% Dividend Likely in 2018

Oriental Watch Holdings (398 HK) is a HK/China watch retailer listed in HK since 1993 Rental prices in HK have dropped sharply and consumer...

Nicolas Van Broekhoven

Oriental Watch - Another Day Passes By

Oriental Watch looks like a deep value play trading at a deep discount to book value, but the underlying realities of the business imply it's a...

Winston Chu

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