Cortina Holdings Limited (SGX: C41) is a leading retailer and distributor of luxury timepieces and accessories across the Asia Pacific region. The group has 24 boutiques located in countries such as Singapore, Malaysia, Thailand, Indonesia, Hong Kong, and Taiwan. Cortina caters to a high-end clientele who have the ability and means to spend a significant sum of money on discretionary items. With a tougher retail climate and an impending economic slowdown globally, many consumers are cutting back on their spending. This is expected to affect retail sales for many categories of products, particularly for luxury goods such as jewellery, timepieces and branded goods. Only necessities and essential goods such as food and household items usually remain immune to such slowdowns. However, Cortina

Hour Glass Ltd (SGX: AGS), or THG, is a luxury retailer of fine watches and timepieces. The group owns a network of 40 boutiques spread across the Asia Pacific region, and it has a long history and track record of delivering quality products to a discerning clientele. THG has a strong relationship with many of the luxury watch brands stretching back decades, and Chairman Henry Tay and CEO Michael Tay are also very knowledgeable about the business. THG is one of a few premium watch boutiques in Singapore, the other being Cortina Holdings Limited (SGX: C41). In its recent Q1 2020 earnings, THG reported a 4% year-on-year rise in revenue and an impressive 19% year-on-year jump in net profit. The group has also been consistently rewarding loyal shareholders with a steady dividend payment. The

The Straits Times Index (SGX: ^STI) is up just 1.2% so far for the year. With the US-China trade war, Hong Kong protests, Brexit, and general economic slowdown worrying investors, it’s not surprising to see the Singapore stock market languishing. If you are looking for stock ideas amid all the macro fears, you have come to the right place. Using our data provider, S&P Global Market Intelligence, and a Magic Formula methodology popularised by Joel Greenblatt, we found some of the best stocks for the month that could go on to perform well. The basic premise of the Magic Formula is to find the 30 best shares in the market as ranked by their cheapness and their quality and to hold on to that basket of shares for a year before repeating the ranking process. For a deeper underst

Here are three useful ratios investors can use to compare the two luxury watch retailers Hour Glass Ltd (SGX: AGS) and Cortina Holdings Limited (SGX: C41).

Cortina Holdings Limited (SGX: C41) trades at discount to book value and has a ridiculously low EV to EBITDA multiple.

Despite some strong fundamentals, Cortina Holdings Limited (SGX: C41) continues to trade below its book value.

7.5x PER and 4% dividend yield, but why isn't the market providing more love to this company by re-rating them higher?This was the exact question running through my mind when I purchased this company and then divested it thereafter, within a short period of time.I'll go through some of my thought process, as well as collating the research I've done on this company in this article.Business ModelTHG has been a well-known luxury retail name for a number of years now. Founded in 1979 by husband and wife, Chairman Henry Tay and Mrs. Jannie Tay, the first store was opened at Lucky Plaza in some 40 years ago. Over time, they branded themselves as one of the world’s leading luxury watch retail groups with established presence of 40 boutiques in 11 key cities in the Asia Pac region. THG