2019年6月16日星期日
 
專家論市
Martin Hennecke

Emperor to open new store
 
24/05/2019
 
<p>Emperor Watch &amp; Jewellery (0887) plans to open a new jewelry shop in Hong Kong in the second half of the year but does not have plans to buy new shops.</p><p>Chairwoman and chief executive Cindy Yeung also said same-store sales this year may not match last year&#39;s, with the Sino-US trade war putting downward pressure on business and investments. The company&#39;s share price peaked at HK$0.54 in June 2018 but is now 61 percent lower at HK$0.21 as of close yesterday.</p><p>Mainland tourists remain the company&#39;s principal customers, with high retail sales during Lunar New Year and Labour Day contributing to a strong first quarter.</p><p>Despite the lower yuan, Yeung maintains a positive outlook as local demand remains high for sports watches and mid-range jewelry.</p><p>Yeung said Emperor is looking at expanding into Malaysia, a politically stable country with good demand for luxury goods.</p><p>Meanwhile, Jimmy Tang Kui-ming, chairman of Prince Jewellery and Watch Company, sold shops with an aggregated floor area of 9,032 square feet in Connaught Road West in Sai Wan for HK$120 million or HK$13,286 per sq ft, 28 percent higher than what he paid for the stores a year ago.</p>

上一篇新聞 : High rollers hit by trade war
 

 

 
登入名稱
密碼
新用戶注冊   忘記密碼
進階搜尋
© 2019 The Standard, The Standard Newspapers Publishing Ltd.
Home | Business | Metro | Focus | Opinion | Markets | World | Sports | Entertainment | Monday Money | Property | Macau | Weekend