This premier watch retail outlet sells one of the most expensive watches, with its fine exquisite design featuring only the rich. In good or bad economic situations, The Hour Glass (THG) displays a constant growth of about 5%-15% in net profits. The resilient display of its stable returns coupled with its price close to its book value. The price i bought was $1.425 and its Net Asset Value (NAV) was $1.25. I'm actually paying about 90% of its assets value.
THG brand is unique due to its careful watch brand selections and the locations of their retail store. Their retail stores are located in places which targets the most high end customers like Paragon, Marina Bay Sands. They do not want to open stores in Yishun, Woodlands or neighbourhood places which will tarnish the premier brand of the company.
They also states in their FY2011 annual reports that they will be adding more retail stores in their key markets namely Singapore, Australia. Hong Kong.
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