Kong
[Moderator]
7855
I think it is more than watches....
If you could see the 3 pillars of the biz and the potential projection (US$880 billion by 2010), it is attractive even manage to grab 1%.
However will need major capital to access those regions.
With the LVMH group in, it could expand beyond just watches, it is luxury market, and the customer-base tends to be very similar.
Perhaps due to this synergy, it is attractive to the banks for returns and better grasp of the market when coming out with financial instruments.
As mentioned by one of the major shareholders, Mr Ravindar Singh Thakran, " ...Whether we sell cognac, whether we sell Louis Vuitton bags or Berluti shoes, eventually the consumer is similar to whom Sincere wants to go for."
Kong
Sincere Watch Ltd is Back and targeting at China & India...
(Text is from the press release material) SINCERE WATCH LIMITED TEAMS UP WITH GLOBAL ICONS TO STRENGTHEN ITS LEADERSHIP IN THE ASIAN LUXURY WATCH SECTOR - Poised for exponential growth in luxury demand with the global economic recovery - Global luxury mar...
Majority shareholders are banks - why?
Puzzled!!! I thought watch business is low return business. The potential good news is that with so many bankers in Sincere Watch Limited, the consumers may be able to buy watches by getting loans and repaying by instalments (of course with interest charg...
I'm too sure in this case but if I had to hazzard a guess
I think its hobson's choice for the banks who may be out of pocket from the peace closure so this may be th eonly way to get back some over time.
I think it is more than watches....
If you could see the 3 pillars of the biz and the potential projection (US$880 billion by 2010), it is attractive even manage to grab 1%. However will need major capital to access those regions. With the LVMH group in, it could expand beyond just watches,...
Kong, for L Capital and Triple A, I can understand but...
for banks, are they desparate? I really don't know. Regards Ling
They are not but ...
the banks are flushed with liquidity, and maybe the offer at that time could be very attractive. Also note the biggest among the banks, the SCB is a private equity arm. As for the rest of the banks, they are the creditors of Peacemark, which had pledged i...
Thanks Kong... I now know a lot more about the industry...
I didn't know that Sincere Watch Ltd was run the way it was run. This actually comes to me as a bit of a surprise.