In his March 15 report, analyst Paul Yong says he anticipates the luxury watch retailer to report record earnings in the FY2022 ending March 31.
DBS Group Research has initiated “buy” on The Hour Glass with a target price of $2.62, which offers a potential upside of 30%.
The Hour Glass, which opened its doors in 1979, is mainly in the business of the sales and distribution of luxury and speciality watches. Today, it is one of the region’s leading speciality luxury watch retailers, with 53 retail boutiques in Singapore, Malaysia, Thailand, Vietnam, Hong Kong, Japan, Australia, and New Zealand.
