The Hour Glass

[weijian]

hi dreamybear,

In AR22, Chairman Dr Henry Tan had already talked about THG's capital allocation strategy in detail. Capital return to shareholders (via dividend or SBB) is actually the last priority.

In the same building, THG currently owns a unit (registered address) and also leases another level from the Tays/Lim as an IPT (probably a 2 year lease). So OPMIs will hope that the purchase may allow the IPT to eventually cease in the future.

[dydx]

THG is now a ‘rich man business’ moving towards the very rich man category, by increasingly focusing on the collector brands and watch collectors. This is a good niche positioning strategy!

[weijian]

THG is now a ‘rich man business’ moving towards the very rich man category, by increasingly focusing on the collector brands and watch collectors. This is a good niche positioning strategy!

hi dydx,

Please provide more context (eg. links, interviews etc) to your post, lest I will have to moderate it.

Moderator

[dydx]

THG is now a ‘rich man business’ moving towards the very rich man category, by increasingly focusing on the collector brands and watch collectors. This is a good niche positioning strategy!

hi dydx,

Please provide more context (eg. links, interviews etc) to your post, lest I will have to moderate it.

Moderator

If we take a careful look into THG’s portfolio of collector watch brands - including those vey niche and rare ones on exclusive representation basis, selling for very high prices - and the trophy, iconic retail properties supporting the group’s retail operations for the longer term, the conclusion is quite obvious for the discerning investors..

[dydx]

To put it in a different way, THG’s collector focused retail/distribution strategy has moved beyond - and ahead of - brands like Rolex and Patek. To appreciate it, we can take very good look into the group’s new revamped Ginza (Tokyo) store, and the coming IAMWATCH event…. https://www.linkedin.com/posts/the-hour-...member_ios