Oriental Watch: Addressing the Rolex Acquisition of Bucherer
At 6.9x PE with 50% of the market cap in cash and a ~15% dividend yield, Oriental Watch is a great investment opportunity. We summarize our...
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Oriental Watch (398 HK)
While the company offers various brands, the majority of its sales, over 80%, come from its core brands, particularly Rolex and Tudor, a sister...
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Oriental Watch (398 HK): Navigating a Tough Demand Environment With 65% of Market Cap in Cash
We preview Oriental Watch's FY25 earnings. The sentiment on consumption in Hong Kong is bearish, but the cash-rich company (65% of market cap) is...
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Perfect Medical: Post Card From HK, Yield of 11.5%
We provide an update on Perfect Medical (1830 HK). The stock trades at 9.3x FY24 PE/11.5% yield (assuming a 110% payout) with a growth option once...
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Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - January 2024
We compile our selection of small and mid-cap names with our desired characteristics of high dividend yields, value, and margin of safety. We...
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