Homepage
PR Newswire
Just curious why not buy into oriental watch(00398) since luxury watch distributors are commoditised. Both have the same trinity brand dealerships(Rolex, Patek, AP). But oriental watch has more cash per share, stronger consistent fcf and a much larger discount to nta. OW is also more exposed to where the money is(China)
ADs are fully controlled by the watch brands. These watch brands control the supply and the price to generate hype and price appreciation. A rolex Daytona 116500LN cost 16.6k in THG but more than double in the grey market. No one goes to AD to buy sports model anymore, all buying via second hand shops or carousell. Because you can never get rolex sports model or anything valuable or indemand there. Profits are disproportionately transferred to used watch biz owners. Own view.
ADs are fully controlled by the watch brands. These watch brands control the supply and the price to generate hype and price appreciation. A rolex Daytona 116500LN cost 16.6k in THG but more than double in the grey market. No one goes to AD to buy sports model anymore, all buying via second hand shops or carousell. Because you can never get rolex sports model or anything valuable or indemand there. Profits are disproportionately transferred to used watch biz owners. Own view.