Challenger Technologies

[redcorolla95]

Per today's (16Mar11) announcement, Challenger has signed 2 new leases at Northpoint (located in Yishun) and at 112 Katong (formerly known as Katong Mall), for 2 new stores planned for opening later this year.....
http://info.sgx.com/webcoranncatth.nsf/V...5001649CA/$file/New_Lease_located_in_Yishun_and_Katong.pdf?openelement

I think sooner or later, we will see Challenger covering all key and high-traffic shopping locations in Singapore, and emerges as the undisputed leader chain store and specialist retailer of IT products in Singapore.

On a separate note, I just become aware that a small portion of my Challenger shares has been borrowed on 14Mar11 (last Monday). Based on the positive trend of Challenger's share price and low transaction volume done in the last few days, I think those daring and silly 'shorters' on 11Mar11 and 14Mar11 should start to get worried!

I agree that Challenger will soon (or already is) the leading IT chain store in Singapore. The only worry I have is when, not if, Challenger will saturate its Singapore home market.

I really do hope that their Malaysian venture will prove profitable. Otherwise, this will go from a value stock to some cash cow blue chip.

Saturation is not quite here yet. Growth in sales, profits, dividends have been faster than Singapore's economy.