The Hour Glass

(July 25): Singapore’s stock market has seen on average two companies a month on track to relinquish their listing status this year. This trend may not be reversing anytime soon.

SINGAPORE (July 4): Luxury watch retailer The Hour Glass announced Thursday that its Australian subsidiary has entered into a sale and purchase agreement to acquire a freehold building at 190 Edward Street in Brisbane for A$32.0 million ($30.3 million).

SINGAPORE (June 24): Henry Tay, executive chairman of The Hour Glass, has transferred 25 million shares to his son, managing director Michael Tay. According to a June 18 filing with the Singapore Exchange, the transfer took place on June 14. Based on June

SINGAPORE (May 28): Luxury watch retailer The Hour Glass saw its full-year earnings climb 41% to $70.4 million for the FY19 ended March, from $49.8 million a year ago.

SINGAPORE (Apr 29): Dr Henry Tay Yun Chwan, executive chairman of watch retailer The Hour Glass, bought 0.5 million shares via an off-market deal on April 3. Less than a fortnight later, on April 15, he bought more than 9.72 million shares from the open m

SINGAPORE (Feb 14): Retailer of luxury watches The Hour Glass reported a 29% rise in 3Q19 earnings ended Dec to $18.3 million from a year ago.

SINGAPORE (Nov 13): The Hour Glass reported earnings of $13.5 million, or 3.94 cents per share, for the 2Q18 ended Sept, 26% higher than a year ago.

(Oct 4): A year ago, NOMOS partnered The Hour Glass to introduce the special edition NOMOS Red Dot worldtimer. Although it was priced at a substantial S$8,560, the model went on to fare pretty well amongst collectors. Well enough that the two brands have

SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each.

SINGAPORE (Aug 2): The Hour Glass has announced earnings of $14.3 million for the 1Q ended June, doubling from its 1Q18 earnings of $7 million due to improved margins and higher revenue.