The Hour Glass

WOW CORTINA IS NOW 83c. RECORD PRICE!

(19-09-2012, 01:57 PM)propertyinvestor Wrote: WOW CORTINA IS NOW 83c. RECORD PRICE!

i see HG shops everywhere more than Cortina in S'pore.

Latest swiss export figures for Aug announced, and there is a 20.6% decline in volume in Singapore.

http://www.fhs.ch/script/getstat.php?fil...0808_a.pdf

This is the first decline in term of month-to-month that I have noted from Jan to Aug this year. It is the second lowest volume recorded for 2012 after Jan

(vested)

To those who are interested in Conversation With: Jeremy Lim, Channel NewsAsia has posted a replay. http://http://www.channelnewsasia.com/tvshows/#top
The show briefly discuss about the strategy of Cortina watch compare to THG.

The Hour Glass brand is still more prestige than cortina. With the recent advertisement of the Hublot, i think THG will be seen as a more luxurious brand as compared to Cortina.
Partek Phillippe is more likely to break up with Cortina than them.

Hr glass ($1.50) - For the first time in history, reach $1.50 (aft 1 for 1 split)

(25-09-2012, 10:29 PM)crabcrab Wrote: Hr glass ($1.50) - For the first time in history, reach $1.50 (aft 1 for 1 split)

When did they have their 1 for 1 split?

(25-09-2012, 11:57 PM)investingsgx Wrote:

(25-09-2012, 10:29 PM)crabcrab Wrote: Hr glass ($1.50) - For the first time in history, reach $1.50 (aft 1 for 1 split)

When did they have their 1 for 1 split?

a few years back. Ok lah, they did slightly better than Cortina if you take that into consideration. But 1 yr share price performance, Cortina wins Hrglass HANDS DOWN.

Swiss watchmaking in August 2012
Exports remain on course

The month of August saw a significant rise in Swiss watch exports. They attained a value of 1.5 billion francs, an increase of 12.7% compared to last year. Cumulative growth over the first two thirds of the year has maintained its momentum at a high level (+16.0%).

Gold watches remained the principal driving force of this growth thanks to their very pronounced upturn. Bimetallic timepieces registered a decline however. Taking all materials together, the number of timepieces exported fell slightly while remaining at a level comparable to the excellent year of 2011. Bimetallic watches and the category of other materials lost ground.

Not all of the different price segments showed the same trend in August however they confirmed the tendencies outlined in previous months. Watches costing less than 200 francs (export price) fell in volume
terms by 5.0%. The 200-500 francs category produced a good result with an increase of more than 10%. Between 500 and 3,000 francs, the result continued to weaken with a slight downturn. Timepieces costing
more than 3,000 francs posted a very high increase in value terms (+21.5%).

Watch exports to Hong Kong and the United States recorded exactly the same rate of growth, very close to the sector average. After two months of decline China returned to the black, albeit to a minor extent. The main European markets registered considerable increases, with France and Germany leading the way. Showing a marked decline in August, Singapore brought up the rear.

Source: FHS

For DBS/POSB credit cardmembers: The up to $1,000 cash rebate (condition: 5% of the nett selling price, whichever is lower) promotion has been extended till 18Oct12. Do take advantage of this offer if you wish or have a need to buy a new nice watch!