Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Oriental Watch: Buying a Rolex in Milan or New York? No, Thanks We Will Get It in Shanghai & Beijing

Oriental Watch: Great 0.39 HKD Final Dividend; With China Closed off from World Expect More of Same

Oriental Watch: Sit Tight and Stay On For Larger Dividends

1H21 Shows 108% Sales Growth in China; Bottom Line Hit by Higher Tax; Cash 70% of Market Cap

Oriental Watch: Forget the Tender, Management Is Bullish and Dividends to Accelerate

Oriental Watch (398 HK): Conditional Partial Offer

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/oriental-watch-holdings" target="_blank" data-smartkarma-citation="entities:19950:1" rel="noopener">Oriental Watch (398 HK)</a> still presents a great opportunity come the H2 results in May 2021. We believe that the company has the potential to show good growth for profits in H2 as the SSSG was strong over the last few months due to &gt;120% YoY SSSG in the Chinese stores, which has more than compensated for weakness in the HK market.</p><p>There is deep value in this name with over 850 mn HKD of the market capitalization in cash ( representing 1.75 HKD/share or 67% of the market capitalization).  The stock currently trades at a PE of 9x FY21 (3x ex-cash).  </p>

Oriental Watch (398 HK) still presents a great opportunity come the H2 results in May 2021. We believe that the company has the potential to show good growth for profits in H2 as the SSSG was strong over the last few months due to &gt;120% YoY SSSG in the Chinese stores, which has more than compensated for weakness in the HK market.There is deep value in this name with over 850 mn HKD of the market capitalization in cash ( representing 1.75 HKD/share or 67% of the market capitalization).  The stock currently trades at a PE of 9x FY21 (3x ex-cash).  

Oriental Watch: Deep Value and a Good H1 2021