Friday, February 8, 2013
Courts Asia (technical)
Courts Asia: Reaches a new all-time high at $0.975 today.
Recall this week, grp annouced that it was planning more stores in S'pore, M'sia. Grp will open 1 in Jurong and 4 in M'sia by April; eyes Indonesian market. In its recent interview, grp CEO add that grp is well paced for 2013, and such strategies include developing innovative new services, the regeneration of its shops and enhancing its online shopping experience so that Courts continues to stay ahead of the pack in an intensely competitive part of the retail sector. Grp add that although SG economy is slowing, the exceptionally healthy job mkt, with near full employment, is helping to support the retail industry as consumer confidence remains strong. However cautioned that eye-catching results will not be repeated every qtr as some of the co's growth strategies might not have an immediate impact. In addition to building its presence in Malaysia, grp will also expand into Indonesia, where the economy there is growing much faster than many of its regional peers, resulting in a rapid expansion of the middle-class section of the population.
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