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The Hour Glass Post Reply Rate topic
choonoohc Member	30-Jul-2021 22:16        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stock is currently cum dividend. This is a good stock to buy and hold over the next 5 years for the following reasons: 1) Proven management, business model and earnings growth track record 2) The three big watch brands (PP, Rolex, AP) are at a moment in history where demand is skyhigh and THG is strongly anchored with these brands 3) The next five years could see high inflation globally with all the money printing by central banks. Luxury watches is one product where higher prices are readily accepted by consumers 4) The company itself acknowleges that economic/profit profile of the company has undergone a marked shift for the better in the past one/two years 5) Yet valuation remains cheap at ~10X (peer Watches of Switzerland is ~40X) 6) Continuing from point (4), the Company is confidently raising its dividends and confidently continuing to buy back shares from the market. The above reasons will slowly attract more institution funds. Before that happens, Singaporeans should collect and hold this local champion first. Re-allcoate your portfolio from the ' blue chips' in STI - their businesses are in structural decline and slowly decaying, IMHO.    DYODD
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lsyiat Veteran	29-Jul-2021 15:34        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	You will get reward if you pay a little attention to this counter, this stock is going to rise in anytime soon
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choonoohc Member	15-Jul-2021 21:38        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let' s recap the fundamentals: Historical financial performance. In just 4 years, profit expanded by 70%. FY2017 profit after tax = S$50M FY2021  profit after tax = S$85M  In just 4 years, profit expanded by 70%. And achieved largely by just organic growth. No monkey business (restructuring or venturing into unrelated businesses) that might have distorted the results. Which other SG company can claim such outstanding performance.  Valuation based on business fundamentals (=$2.50/share based on 15X PE). 15X PE is a no-brainer for a company that can expand profit by 70% in 4 years. FY2021 underlying earnings = S$92M (with adding back of S$10M fair value loss on investment properties) But investing/valuation should be  about one' s belief about where the company will be in the future So assuming 3% earnings growth per year, Year10 net profit would be S$124M, average net profit over 10 years would be ~S$110M (for a round number) As an owner, THG would earn me on average S$110M per year for next 10 years Ascribing 15X PE to S$110M = the business has a value of = S$1,650M Why 15X? I don feel that one should use 15X when one is considering to BUY (margin of safety considerations). But I don think that one should sell unless it reaches at least 15X (let a good business/investment compound and enjoy the ride  considerations) Adding net cash of ~S$140M (as at Mar2021) to S$1,650M = the company is worth = S$1,800M      (for a round number) I do not add the value of THG' s investment properties because THG does not have a intention to realise their value through selling them, rather THG would likely covert them into boutiques for its core business. S$1,800M divide by 704M shares = $2.50 per share.
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lsyiat Veteran	15-Jul-2021 14:11        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the past 5 years, revenue and profit have remained consistent, net profit margin has increased, and dividend payout has increased. Good to invest long term
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tan162122 Member	15-Jul-2021 12:20        tan162122 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good time to accumulate on weakness
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lsyiat Veteran	15-Jul-2021 09:38        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	after weak holder is taking profit, it will start uptrend again
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lsyiat Veteran	14-Jul-2021 08:44        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	company keep share buyback, something is brewing
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bxylqwan Master	13-Jul-2021 23:25        bxylqwan About Contact  Quote this Post!
x 0   x 1  Alert Admin	Walk into THG and you' ll realise there' s not a single Rolex for you to purchase.  ADs right now are huat-ing more than ever.
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choonoohc Member	13-Jul-2021 21:45        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	13 Jul - Share buyback continues at high volume.   Date   No. Shares    S$    S$/share    Total                      5,080,700   6,448,056                     1.27         13-Jul-21                           478,000         707,954                     1.48 12-Jul-21                           557,000         822,228                     1.48 9-Jul-21                           165,000         242,725                     1.47 8-Jul-21                           524,000         778,342                     1.49 5-Jul-21                           100,000         150,085                     1.50 28-Jun-21                           182,000         275,245                     1.51 25-Jun-21                           492,000         735,772                     1.50 24-Jun-21                           149,900         221,973                     1.48 23-Jun-21                           200,000         290,745                     1.45 21-Jun-21                           359,000         496,592                     1.38 18-Jun-21                           100,000         138,355                     1.38 17-Jun-21                           316,500         430,169                     1.36 16-Jun-21                           427,300         567,588                     1.33 23-Mar-20                               10,000                 5,615                     0.56 20-Mar-20                           390,000         218,910                     0.56 19-Mar-20                           600,000         342,500                     0.57 17-Feb-20                               10,000                 7,770                     0.78 14-Feb-20                               20,000             15,490                     0.77
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choonoohc Member	09-Jul-2021 08:48        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	8 Jul - Share buyback continues at high volume.   Date   No. Shares    S$    S$/share    Total    3,880,700   4,675,150                     1.20         8-Jul-21         524,000         778,342                     1.49 5-Jul-21         100,000         150,085                     1.50 28-Jun-21         182,000         275,245                     1.51 25-Jun-21         492,000         735,772                     1.50 24-Jun-21         149,900         221,973                     1.48 23-Jun-21         200,000         290,745                     1.45 21-Jun-21         359,000         496,592                     1.38 18-Jun-21         100,000         138,355                     1.38 17-Jun-21         316,500         430,169                     1.36 16-Jun-21         427,300         567,588                     1.33 23-Mar-20             10,000                 5,615                     0.56 20-Mar-20         390,000         218,910                     0.56 19-Mar-20         600,000         342,500                     0.57 17-Feb-20             10,000                 7,770                     0.78 14-Feb-20             20,000             15,490                     0.77
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lsyiat Veteran	05-Jul-2021 14:37        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Directors have recommended a final dividend of 4.00 cents per ordinary share (one-tier) amounting to approximately $28,160,000. This is subject to the approval of the shareholders of the Company at the Annual General Meeting to be held on 28 July 2021.
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AttasBoss Elite	03-Jul-2021 09:10        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	I hv sold all at 1.55, seems merril lynch is accumulating. I'm shifting temporary to pronex and will be back again
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double.innuneko Member	03-Jul-2021 01:33        double.innuneko About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks liek they' ve stopped the share buy back. Counter did not look good today (Friday).
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AttasBoss Elite	29-Jun-2021 18:20        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	thanks for the update always choonoohc      ( Date: 28-Jun-2021 21:49) Posted: 28 June - Buyback continues.   Date   No. Shares    S$    S$/share  14-Feb-20             20,000             15,490                     0.77 17-Feb-20             10,000                 7,770                     0.78 19-Mar-20         600,000         342,500                     0.57 20-Mar-20         390,000         218,910                     0.56 23-Mar-20             10,000                 5,615                     0.56 16-Jun-21         427,300         567,588                     1.33 17-Jun-21         316,500         430,169                     1.36 18-Jun-21         100,000         138,355                     1.38 21-Jun-21         359,000         496,592                     1.38 23-Jun-21         200,000         290,745                     1.45 24-Jun-21         149,900         221,973                     1.48 25-Jun-21         492,000         735,772                     1.50 28-Jun-21         182,000         275,245                     1.51         Total :   3,256,700   3,746,723                     1.15
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lsyiat Veteran	29-Jun-2021 17:31        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t be the last person to ride the bus
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lsyiat Veteran	29-Jun-2021 10:40        lsyiat About Contact  Quote this Post!
x 0   x 0  Alert Admin	The accumulation stage and the recent strong company share buyback.
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choonoohc Member	28-Jun-2021 21:49        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	28 June - Buyback continues.   Date   No. Shares    S$    S$/share  14-Feb-20             20,000             15,490                     0.77 17-Feb-20             10,000                 7,770                     0.78 19-Mar-20         600,000         342,500                     0.57 20-Mar-20         390,000         218,910                     0.56 23-Mar-20             10,000                 5,615                     0.56 16-Jun-21         427,300         567,588                     1.33 17-Jun-21         316,500         430,169                     1.36 18-Jun-21         100,000         138,355                     1.38 21-Jun-21         359,000         496,592                     1.38 23-Jun-21         200,000         290,745                     1.45 24-Jun-21         149,900         221,973                     1.48 25-Jun-21         492,000         735,772                     1.50 28-Jun-21         182,000         275,245                     1.51         Total :   3,256,700   3,746,723                     1.15
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choonoohc Member	27-Jun-2021 08:46        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	25 June - Buyback continues. The price at which the company is buying back shares has increased significantly from when it first started this year ($1.50 vs $1.33). Even so, the company is not slowing down on its share buyback.    Date   No. Shares    S$    S$/share  14-Feb-20             20,000             15,490                     0.77 17-Feb-20             10,000                 7,770                     0.78 19-Mar-20         600,000         342,500                     0.57 20-Mar-20         390,000         218,910                     0.56 23-Mar-20             10,000                 5,615                     0.56 16-Jun-21         427,300         567,588                     1.33 17-Jun-21         316,500         430,169                     1.36 18-Jun-21         100,000         138,355                     1.38 21-Jun-21         359,000         496,592                     1.38 23-Jun-21         200,000         290,745                     1.45 24-Jun-21         149,900         221,973                     1.48 25-Jun-21         492,000         735,772                     1.50         Total :   3,074,700   3,471,478                     1.13
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choonoohc Member	25-Jun-2021 08:39        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fundamentally I think it is very cheap. See my earlier valuation in this forum thread. At $1.50, it is like 10X PE. Which quality SG company is trading at just 10X PE? In my view, Hour Glass is premium to the likes of your Temasek-linked companies. The strength of family-management vs career-managers.  Also Watches of Switzerland is trading like 50X PE. AttasBoss      ( Date: 24-Jun-2021 18:43) Posted: 149,900 shares@$1.48 share by back today
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choonoohc Member	25-Jun-2021 08:32        choonoohc About Contact  Quote this Post!
x 0   x 0  Alert Admin	24 June - Buyback continues. Based on company' s buyback volumes and total traded volumes for the day, there seems to be an active competition between company and the market. I wonder what kind of intstructions / buying strategy does the company give to its broker.    Date   No. Shares    S$    S$/share  14-Feb-20             20,000             15,490                     0.77 17-Feb-20             10,000                 7,770                     0.78 19-Mar-20         600,000         342,500                     0.57 20-Mar-20         390,000         218,910                     0.56 23-Mar-20             10,000                 5,615                     0.56 16-Jun-21         427,300         567,588                     1.33 17-Jun-21         316,500         430,169                     1.36 18-Jun-21         100,000         138,355                     1.38 21-Jun-21         359,000         496,592                     1.38 23-Jun-21         200,000         290,745                     1.45 24-Jun-21         149,900         221,973                     1.48         Total :   2,582,700   2,735,706                     1.06
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