SGX-LISTED TIME WATCH NINE-MONTH NET PROFIT RISES 20.3% TO HK$79.7 MILLION, SURPASSING WHOLE OF FY2009 ïÆË 9MFY2010 revenue increases 27.3% to HK$1.1 billion on increased contribution from higher-margin retail segment ïÆË Continued consumer demand for quality timepieces in PRC spurs growth. PE so cheap at around 4X this year\'s expected earnings.....
yes, i think it\'s a good set of results and it shows a steadiness in the business fundamentals. my one gripe is how come Mr Tung is not talking about dual-listing in HK anymore?
Take the company private and then re-list it in HK....he will easily double his asset!! If have time, drop by their HK outlet and look at bus load after bus load of PRC tourists visiting their HK outlet and you will be convinced why he think TW is way undervalued!!