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An update from Sincere Watch (Hong Kong) ( (HK:0444) ) is now available.
Sincere Watch (Hong Kong) Limited has provided a quarterly update on its suspended trading status, confirming that it has ceased using the FM trademark and no longer acts as the exclusive distributor for those products, a change that has inevitably weighed on its business operations. Ongoing talks with European watch brands over new distribution arrangements have stalled due to a lack of consensus on key commercial terms, while global economic uncertainty and retail sector weakness have led the group to tighten costs and left the board pessimistic about near-term performance. The company also disclosed further delays in publishing its FY2025 annual results and the interim results and report for the six months ended 30 September 2025, citing difficulties in recruiting and retaining sufficient qualified accounting staff within its constrained budget, a situation that continues to hinder compliance with Hong Kong listing disclosure timelines and prolong the suspension of trading in its shares.
More about Sincere Watch (Hong Kong)
Sincere Watch (Hong Kong) Limited is a distributor of luxury watches and accessories operating in Hong Kong, Macau, Taiwan and Mainland China, focusing on high-end European watch brands in the Greater China retail market.
Technical Sentiment Signal: Sell
Current Market Cap: HK$60.44M
Learn more about 0444 stock on TipRanks’ Stock Analysis page.