19-02-2013, 09:54 AM
Courts Asia actually rebounded due to the stellar earnings growth for 2Q and 3Q but this is due to a smaller base (i.e. SGD11mln & SGD5mln for 2Q and 3Q respectively).
Also, I'm not confident of their Indonesia venture. They did it once back then and had failed. Though they had said they expanded too fast for the last venture, it remained to be seen if they had get it right this time round. Anybody knows anything about Bekasi? A check on google map seem to show that it is on the border of the Jakarta city. Not surprise for a megastore location but not sure abt the potential.
Also looking forward to 4Q13 to see if they can sustain the growth for 4Q13 (Jan-Mar 2013) which is against a higher earnings of SGD16mln for 4Q12.
For knowledge, I am also more curious at how their accounting revenue recognition works for hire-purchase. Will be great if somebody can enlighten a little.
Also, I'm not confident of their Indonesia venture. They did it once back then and had failed. Though they had said they expanded too fast for the last venture, it remained to be seen if they had get it right this time round. Anybody knows anything about Bekasi? A check on google map seem to show that it is on the border of the Jakarta city. Not surprise for a megastore location but not sure abt the potential.
Also looking forward to 4Q13 to see if they can sustain the growth for 4Q13 (Jan-Mar 2013) which is against a higher earnings of SGD16mln for 4Q12.
For knowledge, I am also more curious at how their accounting revenue recognition works for hire-purchase. Will be great if somebody can enlighten a little.
"Criticism is the fertilizer of learning." - Sir John Templeton