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Time Watch Investments Limited (2033.HK)

HKD0.24 +0.00 (+0.42%)
HK HKSE Consumer Cyclical Apparel - Footwear & Accessories
Address CEO Tower
Cheung Sha Wan, HK
CEO Koon Ming Tung
IPO 2013-02-05
ISIN KYG8879M1050

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Description

Time Watch Investments Limited operates as an investment holding company, deeply embedded in the horology market of the People's Republic of China. This enterprise is comprehensively engaged in the production, brand management, and retail distribution of timepieces. Its business activities are structured across four main divisions: the Tian Wang Watch segment, the Balco Watch segment, Watch Movements Trading, and the Other Brands (PRC) segment. The company manages the full lifecycle for its proprietary Tian Wang and Balco brands, from design and manufacturing to wholesale and direct retail. Furthermore, Time Watch Investments supplies watch movements to other industry manufacturers and distributors, handles the distribution of both its own and internationally licensed watch brands, and provides expert marketing and consulting services. A supplementary facet of its operations includes property investment. By the end of June 2021, the company commanded a significant retail footprint, operating 2,206 sales points. Established in 1988, Time Watch Investments Limited is headquartered in Kowloon, Hong Kong, and functions as a subsidiary of Red Glory Investments Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD0.24 +0.00 (+0.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
47.4K
Beta
0.38
Float Shares
276.60M
Free Float %
13.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-6.45% -3.33% -3.33% -12.12% -9.38% -12.12% -13.43% -20.55% -66.67% -70.41% -78.99%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.24
DCF (Unlevered) 1.05 +337.4%
DCF (Levered) 1.08 +349.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.59
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Apparel - Footwear & Accessories: +5.0%
    -21.8% Q4'25: -35.1% (vs Q4'23)
  • EPS growth Apparel - Footwear & Accessories: +5.0%
    -152.2% Q4'25: -419.6% (vs Q4'23)
  • FCF margin FCF growth · Apparel - Footwear & Accessories: +7.7%
    -2.6% Q4'25: +0.0% (vs Q4'23)
  • EBIT margin Apparel - Footwear & Accessories: +8.8%
    -12.0% Q4'25: -21.2% (vs Q4'23)
  • ROIC Apparel - Footwear & Accessories: +7.3%
    -7.4% Q4'25: -21.7% (vs Q4'23)
  • Share dilution Apparel - Footwear & Accessories: +0.0%
    +0.0% Q4'25: +0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Apparel - Footwear & Accessories: -0.25×
    -1.08× Q4'25: -0.44× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.41) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.05 Current price: 0.24
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2013
actual
Jun 2014
actual
Revenue
1.91B
est: 10.95B (-82.5%)
2.40B
est: 2.32B (+3.5%)
EBITDA
340.47M
est: 1.54B (-77.9%)
451.33M
est: 65.64M (+587.6%)
EBIT
300.15M
est: 919.59M (-67.4%)
423.09M
est: 63.60M (+565.2%)
Net Income
213.55M
est: 221.47M (-3.6%)
309.89M
est: 45.27M (+584.5%)
SGA
846.38M
est: 7.63B (-88.9%)
1.15B
est: 180.21M (+540.3%)
EPS
0.12
est: 0.11 (+11.5%)
0.15
est: 0.14 (+7.3%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-28 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-26 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-22 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-20 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-18 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-15 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-14 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-07 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-06 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-05 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-05-04 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-04-30 B 3/5 5/5 1/5 1/5 3/5 1/5 5/5
2026-04-28 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-23 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5
2026-04-22 B- 3/5 5/5 1/5 1/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-54.02M
OE per share TTM
-0.03
Owner's Yield
-9.05%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
26.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-29.6K
Shares Outstanding
2.06B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Koon Ming Tung Chairman & Chief Executive Officer 7M male
Koon Kwok Tung Executive Director 1M male
Guanglei Deng Executive Director 1M male
Wai Kit Tung Group Marketing & Administrative Controller and Executive Director 986.0K male
Lai Po Ng Chief Financial Officer male
Wai Man Hui Company Secretary female
Yu Zhong Li Head of Manufacturing & Assembly Department of Group and Factory GM of Tian Wang Shenzhen male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits