Welcome!
The Hour Glass
Results
The Hour Glass reports 8% growth in earnings for FY21, declares DPS of 4 cents
The board of directors has recommended a DPS of 4 cents for FY21, up from 2 cents in FY20.
May 20, 2021
Things to do
Across time and space
This week, we look at culinary and cultural delights from different historical periods, both here and abroad.
March 19, 2021
Sector Focus
Physical stores show recovery amid sale season; retailers move online
Retailers are seeing some recovery amid the festive sale season, but can brick-and-mortar survive without going online?
December 18, 2020
Property
The Hour Glass to acquire 2 New Zealand office buildings for $54 mil
The Hour Glass says the properties, located in Auckland’s prime luxury retail precinct, will provide the group with the opportunity to develop and strengthen its footprint in New Zealand over time.
January 22, 2020
Family business
Patek Philippe generations
In the 1960s, the Stern family and the Tay family laid the foundations for a multi-generational partnership and an enduring friendship. Based on trust and a shared dedication to both preserve the patrimony of the traditional watchmaking arts and to foster
August 30, 2019
Markets
Singapore braces for delistings to continue even after rule fix
(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.
July 25, 2019
Property
Hour Glass to acquire Brisbane property for $30 mil
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).
July 04, 2019
Buybacks
Henry Tay of The Hour Glass transfers shares to son Michael
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
June 21, 2019
Results
Hour Glass posts 41% jump in FY19 earnings to $70.4 mil; recommends 3.00 cents per share dividend
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.
May 28, 2019