Daily Brief Singapore: Cortina Holdings, Micro Mechanics (Holdings) and more

• Cortina Holdings is a leading retailer and distributor of luxury timepieces in the Asia Pacific region, with a strong portfolio of renowned brands like Patek Philippe and Rolex.
• The company is pursuing a strategic expansion by increasing its retail footprint, including mono-brand boutiques and travel retail concepts, particularly in high-growth markets like Thailand and Malaysia.
• While demonstrating long-term growth and a commitment to shareholder returns through consistent dividends, the company faces risks from macroeconomic headwinds impacting consumer sentiment, margin pressure from rising operating costs, and increasing inventory levels.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• We attended Micro Mechanics (Holdings) (MMH SP) AGM in Singapore on 30 October.
• Management also released 1Q26 results which show muted growth. China remains the most important market.
• MMH has no debt, consistently high margins, high ROE’s and a 22-year track record of paying dividends to investors.