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Management and investor are hopeful and count on BigBox to turn the company around.
But I think it is bigbox which is going to sink the company deeper into the red when it start operate.
At S$ 0.171 per share, TTI is ultra over valued. Financially or mathematically, it is impossible that bigbox can generate enough profit to keep TTI at the present value or future value.
And don't forget it is no sure win for bigbox, it can even lose money when start operation.
I won't invest even if it is half the price. so Sorry to say that but it is what the balance sheet and P&L is telling me.
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Did not study TTI simply because if one can't succeed in doing something they are familiar with,
what makes them think they can succeed in doing something else? Of course there are some rare cases of success stories...
A one in a million shot at best. Look elsewhere.
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1. They are running the entire retail operations themselves, and not renting stalls.
2. The CEO hired is from Suntec City. Suntec city not so crowded vs Capmalls or Causeway Point.
They should have hired a team from CMT or FCT :-)
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29-08-2014, 02:25 AM
(This post was last modified: 29-08-2014, 02:29 AM by Big Toe.)
Renting out stalls/shop space takes skill/experience, know-how and a lot of effort but can be rewarding.
Running the retail operations take 10 times the effort and unless you got something very special to offer(I highly doubt so), it is hardly profitable. Retail(whether online or off line) is too easily copied, no moat, does not make money.
Compare Amazon and Alibaba. Amazon being more of a retailer and Alibaba being a e commerce enabler.
No prize guessing who's a million times more profitable.
(Hmmmm, if Amazon could tie up with banks and sell big ticket items, they probably could make a whole lot more from financing.)
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Warehouse retailer Big Box opens in 2 months
By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
BT_20141118_LKBIGBOX18_1371825.jpg Big Box, at 1 Venture Avenue, is next to the Jurong East MRT station. It will house a consumer electronics, IT and AV Centre, a home and lifestyle centre, a hypermart and food and beverage outlets.
18 Nov5:50 AM
Singapore
BIG Box, Singapore's largest mega warehouse retail store, has obtained its temporary occupation permit (TOP) for its complex next to Jurong East MRT, and will open its doors in two months.
For Singapore-listed consumer electronics supplier TT International (TTI), which
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