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): Cheap, Cash-Rich, and Catching a Tailwind in HK Watch Demand

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

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

Oriental Watch (398 HK) H1 FY26: Maintaining A 12% Yield With 60% 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>
<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> went ex-dividend last week and now trades at a 12% dividend yield, with 60% of its market cap in cash. </li>
<li>The second-hand watch pricing for Rolex is continuing to see an upward trend, and retail sales are beginning to show signs of recovery in Hong Kong. </li>
<li>The stock trades at 8x PE (3.5x PE ex-cash). Risks remain demand from China not faltering and a sustained relationship with Rolex. </li>
</ul>



Oriental Watch (398 HK) went ex-dividend last week and now trades at a 12% dividend yield, with 60% of its market cap in cash. 
The second-hand watch pricing for Rolex is continuing to see an upward trend, and retail sales are beginning to show signs of recovery in Hong Kong. 
The stock trades at 8x PE (3.5x PE ex-cash). Risks remain demand from China not faltering and a sustained relationship with Rolex. 


オリエンタルウォッチ（398 HK）：配当落ち、現金時価総額の60％、配当利回り12％、高級時計が回復中