Hedges are becoming harder and harder to come by. Stocks across most sectors are getting hit hard and even those operating in more resilient sectors such as oil, energy and consumer essentials are seeing increased volatility. Amidst uncertain market conditions, there appear to be 2 stocks that have indeed outperformed the market and they reside right here in our Singapore market.
They operate in a highly niche market that many may overlook given how they are not usually associated with buzzwords such as “metaverse” or “clean energy”. This is certainly interesting as we would think that we now live in a world where smartwatches are the future however amidst the tech revolution, the market for “high-quality mechanical watches” has undeniably boomed in the past year. This suttle boom has benefited The Hour Glass Ltd. (SGX : AGS) and Cortina Holdings Ltd. (SGX : C41) both of which recently reported stellar earnings....