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TT International
27-08-2014, 09:40 PM.
Post: #41
RE: TT International
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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28-08-2014, 03:59 AM.
Post: #42
RE: TT International
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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28-08-2014, 10:16 AM.
Post: #43
Thumbs Up  RE: TT International
(28-08-2014, 03:59 AM)Big Toe Wrote: 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.

you have a valid and powerful point !
With mounting problems and a lot of new work to do for BigBox, the management surely have not enough time to look after their existing business. It is why the results is getting worst every quarter.
Bigbox is a big drag for now and in future.....

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28-08-2014, 10:43 AM.
Post: #44
RE: TT International
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.)
Post: #45
RE: TT International
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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18-11-2014, 07:57 AM.
Post: #46
RE: TT International
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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18-11-2014, 08:07 AM.
Post: #47
RE: TT International
(29-08-2014, 02:25 AM)Big Toe Wrote: 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.)

I cannot agree with you more. Unless TT has the expertise in merchandising like Challenger, and the expertise in mall management like Jurong Point, it is doubtful whether the BIG Box can become a success..

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14-11-2015, 09:17 PM.
Post: #48
RE: TT International
http://infopub.sgx.com/Apps?A=COW_CorpAn...ncment.pdf

Big Box up liao but losses also widen... might as well close shop and incur less losses?

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02-10-2017, 11:53 AM.
Post: #49
RE: TT International
(14-11-2015, 09:17 PM)greengiraffe Wrote: http://infopub.sgx.com/Apps?A=COW_CorpAn...ncment.pdf

Big Box up liao but losses also widen... might as well close shop and incur less losses?

TT International's Big Box under receivership

http://www.straitstimes.com/business/com...ceivership

The company heard the "advice"?  Big Grin

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11-09-2018, 11:41 AM.
Post: #50
RE: TT International
The end was in sight for a very long time and finally, the guillotine has been dropped.

Big Box is being winded up. I wondered what they will do with the supermarket operations and the rest of the building.

SOURCE: WINDING UP OF SUBSIDIARY

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