Seagull Watch Launches Limited Edition Rattrapante Chronograph at $4,299
- Global Debut: Seagull Watch launched its limited edition Rattrapante chronograph at the 2025 Hong Kong Watch Fair, priced at $4,299, marking a significant innovation in haute horology that meets the demand for sophisticated complications among global watch enthusiasts.
- Technological Advancement: The new Rattrapante features Seagull's in-house ST1961-2 caliber, integrating a split-seconds mechanism that showcases the brand's capabilities in high-end chronograph manufacture, further solidifying its leadership in the Chinese watch industry.
- International Strategy: The launch of Seagull's global official website in August 2025 enhances customer access to authenticated products and has driven overseas revenue growth of 100% to 200% over the past three quarters, indicating robust market potential.
- Brand Legacy: Founded in 1955, Seagull has secured over 1,170 patents, becoming a symbol of Chinese mechanical watchmaking, and plans to expand its local network of boutiques and service centers to bring Eastern craftsmanship to a broader global audience.
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Seagull Watch Launches Limited Edition Rattrapante Chronograph at $4,299
- Global Debut: Seagull Watch launched its limited edition Rattrapante chronograph at the 2025 Hong Kong Watch Fair, priced at $4,299, marking a significant innovation in haute horology that meets the demand for sophisticated complications among global watch enthusiasts.
- Technological Advancement: The new Rattrapante features Seagull's in-house ST1961-2 caliber, integrating a split-seconds mechanism that showcases the brand's capabilities in high-end chronograph manufacture, further solidifying its leadership in the Chinese watch industry.
- International Strategy: The launch of Seagull's global official website in August 2025 enhances customer access to authenticated products and has driven overseas revenue growth of 100% to 200% over the past three quarters, indicating robust market potential.
- Brand Legacy: Founded in 1955, Seagull has secured over 1,170 patents, becoming a symbol of Chinese mechanical watchmaking, and plans to expand its local network of boutiques and service centers to bring Eastern craftsmanship to a broader global audience.
Citi Reduces SHANGRI-LA ASIA's Target Price to HKD5.4 Following Disappointing Interim Results
Financial Performance Overview
Decline in Core Net Profit: SHANGRI-LA ASIA reported a 13.8% year-over-year decrease in its core net profit for the first half of 2025, amounting to USD 50.9 million. This decline was attributed to slower revenue growth, foreign exchange challenges, and fluctuations in the fair value of investment properties.
Revenue Growth: The company's revenue saw a modest increase of 0.7% year-over-year, reaching USD 1.05 billion, hindered by underperformance in the Chinese and Singaporean markets.
EBITDA and Margin: Adjusted EBITDA fell by 0.3% year-over-year, with the adjusted EBITDA margin decreasing by 0.2 percentage points to 23.8%.
Interim Dividend: The interim dividend remained stable at HKD 5 cents per share, aligning with market expectations.
Market Analysis and Future Outlook
Target Price Adjustment: Citi has revised its target price for SHANGRI-LA ASIA from HKD 6 to HKD 5.4 while maintaining a Buy rating.
Growth Projections: The brokerage anticipates that the company will gradually return to a normal growth trajectory, driven by an increase in global travel demand, which is expected to enhance its international hotel business. Additionally, SHANGRI-LA ASIA's operations in China may benefit from a rise in inbound international travelers.
Short Selling Data
- Short Selling Activity: The company experienced short selling amounting to USD 954.24K, with a short selling ratio of 15.072%.
Additional Information
Interim NP and DPS: The interim net profit was reported at USD 57.91 million, reflecting a significant decline of 38.7%, while the interim dividend per share was maintained at HKD 5 cents.
Stock Quote Delay: Note that the stock quotes for HK stocks are delayed by at least 15 minutes, and the short selling data is as of September 1, 2025, at 16:25.
SHANGRI-LA ASIA Reports Interim Net Profit of US$57.91M, a 38.7% Decrease; Interim Dividend Maintained at HK5 Cents
Interim Results Announcement: Shangri-La Asia reported its interim results for the period ending June 2025, showing a slight revenue increase of 0.7% year-over-year to US$1.056 billion.
Net Profit Decline: The company's net profit fell significantly by 38.7% year-over-year, amounting to US$57.914 million.
Earnings Per Share (EPS): The earnings per share for the period were recorded at US$1.63 cents.
Dividend Declaration: An interim dividend of HK5 cents was declared, consistent with the dividend from the same period last year.
Seagull Watch Launches Limited Edition Rattrapante Chronograph at $4,299
- Global Debut: Seagull Watch launched its limited edition Rattrapante chronograph at the 2025 Hong Kong Watch Fair, priced at $4,299, marking a significant innovation in haute horology that meets the demand for sophisticated complications among global watch enthusiasts.
- Technological Advancement: The new Rattrapante features Seagull's in-house ST1961-2 caliber, integrating a split-seconds mechanism that showcases the brand's capabilities in high-end chronograph manufacture, further solidifying its leadership in the Chinese watch industry.
- International Strategy: The launch of Seagull's global official website in August 2025 enhances customer access to authenticated products and has driven overseas revenue growth of 100% to 200% over the past three quarters, indicating robust market potential.
- Brand Legacy: Founded in 1955, Seagull has secured over 1,170 patents, becoming a symbol of Chinese mechanical watchmaking, and plans to expand its local network of boutiques and service centers to bring Eastern craftsmanship to a broader global audience.
Citi Reduces SHANGRI-LA ASIA's Target Price to HKD5.4 Following Disappointing Interim Results
Financial Performance Overview
Decline in Core Net Profit: SHANGRI-LA ASIA reported a 13.8% year-over-year decrease in its core net profit for the first half of 2025, amounting to USD 50.9 million. This decline was attributed to slower revenue growth, foreign exchange challenges, and fluctuations in the fair value of investment properties.
Revenue Growth: The company's revenue saw a modest increase of 0.7% year-over-year, reaching USD 1.05 billion, hindered by underperformance in the Chinese and Singaporean markets.
EBITDA and Margin: Adjusted EBITDA fell by 0.3% year-over-year, with the adjusted EBITDA margin decreasing by 0.2 percentage points to 23.8%.
Interim Dividend: The interim dividend remained stable at HKD 5 cents per share, aligning with market expectations.
Market Analysis and Future Outlook
Target Price Adjustment: Citi has revised its target price for SHANGRI-LA ASIA from HKD 6 to HKD 5.4 while maintaining a Buy rating.
Growth Projections: The brokerage anticipates that the company will gradually return to a normal growth trajectory, driven by an increase in global travel demand, which is expected to enhance its international hotel business. Additionally, SHANGRI-LA ASIA's operations in China may benefit from a rise in inbound international travelers.
Short Selling Data
- Short Selling Activity: The company experienced short selling amounting to USD 954.24K, with a short selling ratio of 15.072%.
Additional Information
Interim NP and DPS: The interim net profit was reported at USD 57.91 million, reflecting a significant decline of 38.7%, while the interim dividend per share was maintained at HKD 5 cents.
Stock Quote Delay: Note that the stock quotes for HK stocks are delayed by at least 15 minutes, and the short selling data is as of September 1, 2025, at 16:25.
SHANGRI-LA ASIA Reports Interim Net Profit of US$57.91M, a 38.7% Decrease; Interim Dividend Maintained at HK5 Cents
Interim Results Announcement: Shangri-La Asia reported its interim results for the period ending June 2025, showing a slight revenue increase of 0.7% year-over-year to US$1.056 billion.
Net Profit Decline: The company's net profit fell significantly by 38.7% year-over-year, amounting to US$57.914 million.
Earnings Per Share (EPS): The earnings per share for the period were recorded at US$1.63 cents.
Dividend Declaration: An interim dividend of HK5 cents was declared, consistent with the dividend from the same period last year.
