As promised, I did up a financial report of Challenger Technologies. Let’s go through the qualitative aspects of the company first If your living in Singapore, you pretty much know everything there is to know about Challenger. Its a simple business model – selling a wide array of electronic goods throughout the island. Loo Leong Thye has done an impressive job of growing Challenger from its store in Funan to recognizable brand around Singapore. I really like businesses that have great franchise models (think McDonalds, Starbucks, KFC). A proven success formula is always preferable to a business model that is tested & unproven. Now, lets look at the quantitative data -

Revenue & Earnings

Revenue & Earnings have been increasing steadily over the years. This is probably due to the expansion of Challenger Technologies into different parts of Singapore.

Return on Equity

Challenger has also done exceedingly well on this ......