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The Hour Glass
Billion Dollar Club 2024
The Hour Glass stays sector top as it finds 'new equilibrium'
Overcoming the challenges of the pandemic was its “greatest achievement” and a “defining moment” for The Hour Glass
16 days ago
Luxury
The Hour Glass sees lower demand amid market uncertainties; sticks to fundamentals
The Hour Glass sticks to what it does best amid market uncertainties.
October 24, 2024
Timepieces
A celebration of artisanal independent watchmaking
Michael Tay, group managing director of The Hour Glass, tells us more about IAMWATCH
October 03, 2024
Property
Hour Glass to acquire units in Tong Building for $68.5 mil
The group says the acquisition is part of The Hour Glass’ strategy to “invest in high quality assets which will complement the group's commercial properties in the region”.
September 26, 2024
Timepieces
The Hour Glass introduces IAMWATCH: A new community engagement platform for watch enthusiasts
The Hour Glass introduces IAMWATCH, an intimately scaled 4-day programme in The Singapore EDITION hotel.
July 23, 2024
Results
The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation
Michael Tay, group managing director said that the FY2024 results reflect a cooling-off period in the high-end watch industry.
May 28, 2024
Results
The Hour Glass reports earnings of $77 mil for 1HFY2024, down 9% y-o-y
The Hour Glass has recommended an interim dividend of 2 cents per share for 1HFY2024.
November 14, 2023
Billion Dollar Club 2023
The Hour Glass makes a clean winning sweep
Besides paying more dividends, The Hour Glass has delivered value to its shareholders with share buybacks
November 09, 2023
Insider moves
The Hour Glass maintains buybacks; Fortress Minerals' CEO Chee raises stake
In the previous FY2023 ended March 31, The Hour Glass had spent a total of $55.3 million to buy back its shares
August 10, 2023
Results
Cortina reports higher FY2023 earnings, plans special dividend of 14 cents
Cortina plans to pay a total dividend of 16 cents for FY2023, one cent more than FY2022's 15 cents
May 29, 2023