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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Citizen Watch Co., Ltd.    7762   JP3352400000

CITIZEN WATCH CO., LTD.

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Citizen Watch : HKTDC Summer Virtual Expo goes live on Monday

06/28/2020 | 11:49am EST

HONG KONG, Jun 28, 2020 - (ACN Newswire) - - Although there are signs that the COVID-19 outbreak is stabilising in some parts of the world, the demand for online sourcing continues to grow as physical trade fairs are still unable to be staged. To help companies rise to the challenge, the Hong Kong Trade Development Council (HKTDC) is organising hktdc.com Sourcing Summer Virtual Expo from 29 June to 24 July, providing an effective way for more than 22,000 suppliers to connect with some 500,000 global buyers.

HKTDC Deputy Executive Director Benjamin Chau said: "Our Spring Virtual Expo in April was successful in helping local businesses win new orders in the face of significant challenges. We hope the Summer Virtual Expo can maintain the momentum and help our suppliers connect with 500,000 buyers from around the world, while buyers will get the opportunity to replenish stocks to meet expected consumer demand in the second half of the year."

Mobilising HKTDC's global network

The HKTDC's 50 offices around the world are helping to promote the Summer Virtual Expo by encouraging participation from influential global buyers, particularly those that work with mega chain stores and e-tailers and have previously sourced at trade fairs in Hong Kong. During the fair period, these offices will offer professional support such as handling in-depth business matching requests and arranging virtual meetings.

Mr Chau added that the hktdc.com Sourcing platform has won multiple international awards for its effectiveness in bringing suppliers and buyers together. The site currently features around 130,000 quality suppliers and two million international buyers, with over 24 million business connections made every year. "Buyers are more confident to source products from suppliers when the relevant information can be verified by third-party organisations," he said.

Addressing buyers' sourcing needs

Key products to be featured in the Summer Virtual Expo include consumer electronics, gifts, kitchenware, medical supplies, outdoor activity equipment, garments and clothing accessories, and much more. To further enhance the effectiveness of the business matching process and meet different sourcing needs, the HKTDC will send personalised product recommendations to global buyers through different channels such as social media, online advertising and email, encouraging them to view more products and make enquiries.

Weekly product themes include Tech & Innovations, Home Sweet Home, Lifestyle, and Smart Health. "Buyers can make enquiries and connect with suppliers in just one click, helping them to seal deals more quickly," Mr Chau said.

Summer Sourcing Weeks | Go ONLINE

As part of its anti-pandemic measures, the Government of the Hong Kong Special Administrative Region (HKSAR) announced on 2 June that the compulsory 14-day quarantine for persons arriving in Hong Kong from overseas will be extended until 18 September. This development means that overseas exhibitors and buyers would have great difficulty joining Summer Sourcing Week in July. Following discussions with industry representatives, the HKTDC has decided to migrate the physical exhibition to a virtual platform, Summer Sourcing Weeks | Go ONLINE, to enable companies to continue exploring business opportunities. Summer Sourcing | Weeks GO ONLINE features a wide range of products including lighting, electronics, information and communications technology (ICT), medical and healthcare items, houseware, home textiles and furnishings, fashion, gifts and premiums, as well as printing and packaging.

Summer Sourcing Weeks | Go ONLINE is supported by a brand-new artificial intelligence (AI)-enabled business matching platform, Click2Match. Allowing tailor-made virtual meetings, meeting planners, live chats, instant video conferencing and online expert talks, this self-service platform offers buyers and suppliers a hustle-free online sourcing, marketing and networking experience.

Please download more photos from here. https://bit.ly/2NO58Xz

# Note to editors: given the impact of the COVID-19 outbreak, the HKTDC has adjusted its schedule of exhibitions and conferences as part of a continued effort to create business opportunities for various sectors through multiple channels. For details, please visit: https://bit.ly/31jgyu0

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Contact:

Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

Copyright 2020 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials
Sales 2021 208 B 2 000 M 2 000 M
Net income 2021 -21 767 M -210 M -210 M
Net cash 2021 21 956 M 211 M 211 M
P/E ratio 2021 -4,15x
Yield 2021 1,63%
Capitalization 95 981 M 925 M 924 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,27x
Nbr of Employees 15 024
Free-Float 87,2%
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Mean consensus HOLD
Number of Analysts 8
Average target price 303,13 JPY
Last Close Price 307,00 JPY
Spread / Highest target 14,0%
Spread / Average Target -1,26%
Spread / Lowest Target -21,8%
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NameTitle
Toshihiko Sato President & Representative Director
Toshiyuki Furukawa Director, Head-Information Systems & Accounting
Yoshitaka Ohji Director, Manager-Research & Development Center
Keiichi Nakajima Director
Norio Takeuchi Managing Director & Senior General Manager-Sales
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