Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 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 (398 HK) H1 FY26: Maintaining A 12% Yield With 60% Of Market Cap In Cash

Oriental Watch (398 HK): Resilient Despite Tough HK Environment, Dividend A Slight Disappointment

Oriental Watch (398 HK)  H1 FY25 and Mgmt Meeting: Resilient 14% Yield Despite Tough Environment

Oriental Watch (398 HK): Navigating a Tough Demand Environment With 65% of Market Cap in Cash

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

<ul>
<li>HK Department of Statistics data show the jewellery and watch retail market is improving, with June and July sales up 6.8% and 9.4% YoY, respectively.</li>
<li>China is by far <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> 's most important market, accounting for 78% of sales. and sales are stable there so far. </li>
<li>The company holds cash equal to 50% of market capitalization; we forecast a H1 FY26 dividend of $0.22/share (annualized ~12.5% yield) on an 8.5x P/E.</li>
</ul>


HK Department of Statistics data show the jewellery and watch retail market is improving, with June and July sales up 6.8% and 9.4% YoY, respectively.
China is by far Oriental Watch (398 HK) 's most important market, accounting for 78% of sales. and sales are stable there so far. 
The company holds cash equal to 50% of market capitalization; we forecast a H1 FY26 dividend of $0.22/share (annualized ~12.5% yield) on an 8.5x P/E.


Oriental Watch (398 HK): HK Retail Environment Improving, China Stable