StockNews - Sincere Watch posts huge jump in earnings

Singapore-listed high end watch retailer Sincere Watch reported a more than six-fold leap in its third-quarter earnings to S$15.7 million from S$2.5 million. This is mainly due to exceptional gains from the sale of stakes in its Hong Kong-listed unit and lower operating costs. One other factors could be the increase in the influx of Chinese tourists into Hong Kong & Singapore with the Disneyland theme park and bullish sentiment on the economy. Moreover, the building of IRs in Singapore would also increase influx of high end tourism clientele. Being one of the largest and most reknowned watch retailer in Asia should continue to bode well for this company. The only drawback? This company's share is not heavily traded and volumes are thin so do not expect large fluctuations but rather look forward to a steady growth.
Another retailer to watch for could be FJ Benjamin. This company has similar trademarks like Sincere, with low volumes being traded daily but has shown moves into high end retailing with the holding of the Guess? and Girrard Perregaux franchise in some ASEAN countries, and is moving into distributing GAP & Banana Republic in Singapore. On top of that it has its own proprietary brand Raoul which is gaining success throughout Asia. Trading currently at around S$0.43-S$0.46, it seems a feasible investment as the company seems to be on track for growth.