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) FY26 Results: Inflection In H2, Good Set Up For FY27

Ticking Different: A Comparison of the World's Listed Luxury Watch Retailers With Exposure to Rolex

Timeless: A Follow-Up on the Luxury Watch Retailer Space And Their Impressive Capital Allocation

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>This is a part of our series <a href="https://www.smartkarma.com/insights/timeless-a-follow-up-on-the-luxury-watch-retailer-space-and-their-impressive-capital-allocation" target="_blank" data-smartkarma-citation="insights:267136" rel="noopener">Timeless: A Follow-Up on the Luxury Watch Retailer Space and Their Impressive Capital Allocation</a>/ <a href="https://www.smartkarma.com/insights/ticking-different-a-comparison-of-the-world-s-listed-luxury-watch-retailers-with-exposure-to-rolex" target="_blank" data-smartkarma-citation="insights:241854" rel="noopener">Ticking Different: A Comparison of the Rolex Watch Retailers </a>
</li>
<li>We expect <a href="https://www.smartkarma.com/entities/oriental-watch-holdings-limited" target="_blank" data-smartkarma-citation="entities:19950:1" rel="noopener">Oriental Watch (398 HK)</a> to show 10-15% YoY earnings growth in its H1FY27 results, to be declared in November (this is a March-end company). </li>
<li>With a 100% payout, we expect a dividend of 23.5 HKD cents (47 HKD cents annualized, or a 14.6% dividend yield), with 62% of the market cap in net cash. </li>
</ul>


This is a part of our series Timeless: A Follow-Up on the Luxury Watch Retailer Space and Their Impressive Capital Allocation/ Ticking Different: A Comparison of the Rolex Watch Retailers 

We expect Oriental Watch (398 HK) to show 10-15% YoY earnings growth in its H1FY27 results, to be declared in November (this is a March-end company). 
With a 100% payout, we expect a dividend of 23.5 HKD cents (47 HKD cents annualized, or a 14.6% dividend yield), with 62% of the market cap in net cash. 


Oriental Watch (398 HK): Previewing Earnings For H1FY27