The Hour Glass
It has been a while since I last pen out my thoughts about companies as I have been busy with my coaching work. Today, I will like to put out my 2 cents thoughts on “The Hour Glass” Financials aside (I am sure there are bloggers who provide deep insights into the numbers), I will like to concentre on the advantages and risks of The Hour Glass. Things have changed after their horrendous investment in Gems TV Holdings that results in impairment loss of $14.1 million (FY2009, the Group posted a 57% drop in NPAT) Please note that below is my personal observation only. First of all, allow me to introduce the business of The Hour Glass: Extracted from their corporate website – “Established since 1979, The Hour Glass is the most geographically diverse, multi-brand specialist luxury watch retailer in the region, representing a stable of over 50 brands across 23 boutiques in eight cities throughout the Asia Pacific.” You can refer to further details on the brand of watches such as ...