Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 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: Good Results in the Bag, Cautious H1 2023

Oriental Watch Update: June and July Improve, Cautious H1 FY23

Oriental Watch: Trading at 17% Yield, 60% Mkt Cap in Cash

Oriental Watch: Living in Isolation with My Patek and Rolex Is Just Fine

Oriental Watch - Expect a Positive Profit Alert for H1

Oriental Watch: Sit Tight and Stay On For Larger Dividends

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>We have increasing confidence in <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> paying out a &gt; 74 cent dividend for FY22 ( implied dividend &gt;40 cents for H2 2022, full-year yield 17%). </li>
<li>Current net cash (ex-of dividend payable) is 1.1 bn HKD accounting for &gt;50% of the market capitalization ( 2.1 bn HKD ), providing a significant margin of safety. </li>
<li>Expanding watch premiums for brands like Rolex and Patek Philippe due to tighter supply could result in better margins for the company, increasing upside potential.</li>
</ul>


We have increasing confidence in Oriental Watch (398 HK) paying out a &gt; 74 cent dividend for FY22 ( implied dividend &gt;40 cents for H2 2022, full-year yield 17%). 
Current net cash (ex-of dividend payable) is 1.1 bn HKD accounting for &gt;50% of the market capitalization ( 2.1 bn HKD ), providing a significant margin of safety. 
Expanding watch premiums for brands like Rolex and Patek Philippe due to tighter supply could result in better margins for the company, increasing upside potential.


Oriental Watch: Increasing Visibility on H2 2022