There r two more listed co. that r also in the modern trade.

[david]

There r two more listed co.es that r also in the modern trade trend of VIs but have been ignored by them,one is CAWOW,the other one is......let's guess.

[david]

Sorry 3 more not 2 more,one is CAWOW,the other one is CP7-11,and the last one is.........

[woody]

twz?

[david]

twz?

No,it's not.It's the one that I 've never seen anyone here 'd talked about.

[david]

TodayCAWOW XD = 0.10
        CP7-11    XD =  0.30

[MarginofSafety]

There r two more listed co.es that r also in the modern trade trend of VIs but have been ignored by them,one is CAWOW...

Why should we consider CAWOW as the modern trade?
The SET has catagorized it in "Services industry" and "Tourism & Leisure" sector.

[david]

Why should we consider CAWOW as the modern trade?
The SET has catagorized it in "Services industry" and "Tourism & Leisure" sector.

Because what VI think about the modern trade,there r all in CAWOW,pls think it thoroughly.

[MarginofSafety]

Because what VI think about the modern trade,there r all in CAWOW,pls think it thoroughly.

I 'm sorry, I still couldn't get your point.
How does the VI think about modern trade? and
Why there are all in CAWOW?

Could you clarify this, please?

[david]

I 'm sorry, I still couldn't get your point.
How does the VI think about modern trade? and
Why there are all in CAWOW?

Could you clarify this, please?

What do HMPRO,BIGC,IT OR SE-ED do,CAWOW also do,but the former ones sell goods,the latter one sell services.

[MarginofSafety]

In my opinion, products and services companies are totally different.

For example, the companies like HMPRO, BIGC, IT or SE-ED  need inventory for their business but not CAWOW. Therefore, those companies need to handle about inventory control and operation management is much more important, the way they run the business are also different.

And by nature of business, selling products and services are also differnet. For services, You need to concern more on your customer and try to satisfy them more comparing to products. and if you fail to do so, even only one time. You may lose your customer.

In my opinion, I couldn't think about CAWOW in the same way as modern trade companies that you raised here.

[david]

[quote="HVI"]In my opinion, products and services companies are totally different.

For example, the companies like HMPRO, BIGC, IT or SE-ED

[MarginofSafety]

No, the point here is
why should we consider CAWOW as modern trade?

we 're not talking about modern trade (BIGC, HMPRO, etc.) and CAWOW which one is better.

And you 're right that every firms should satisfy their customer and try to increase customer value as much as possible.

But I 'm talking about it 's less brand loyalty in services industry.
Thinking about if a customer went to barbershop.
And after the barber finished his job, then he looked very ugly.
He will probably never come back to this shop again.

In services industry, running business is considered harder in this way.

[david]

Actually,we don't have to consider whether CAWOW is the modern trade or not,like u don't have to do that with HMPRO,BIGC, coz they r ,so is CAWOW.wHEN PEOPLE GOTO BARBER SHOPS,THEY HAVE THE LOYALTY TO THE HAIRDRESSERS,BUT NOT IN THE CASE OF CAWOW.Finally,VI do like moderntrade coz,the sustain growth of income like I like CAWOW in the same way.

[MarginofSafety]

Obviously, HMPRO, BIGC, etc. they are in modern trade business.
But not CAWOW as you 've already agreed.

And I just try to express the nature of services industry as a whole, not specific to CAWOW.

Finally, I will never criticize CAWOW again.
I forgot that she is your wife.    
Sorry about that. :lol:

[david]

Dear Khun HVI,
Pls continue doing what u do,coz,I and the other VI will have more viewS of CAWOW.I do believe that there r more VI have their views about CAWOW,buy they may not share what they think.We should share what we think in each stocks,so we will get altogether absolute benefit from this website.
PS.I  wouldn't mind if u admire my wife,CAWOW,555555555.

[ForrestGump]

มาดูฝรั่งคุยกัน ไม่รู้เรื่องเลยเรา 555  :lol:  :lol:  :lol:

[Unexpected]

Doesn't really matter CAWOW is a moderntrade or not but I am the one who never gonna use their service. Their sale representatives are very aggressive. Once there was a sale girl pulling my girlfriend's arm and yell convincing me and my girl to apply for membership so I blaimed and yelled at them at the middle of Siam discovery.

Maybe it is just for me but what sale persons is supposed to do is to serve customer's need not to try to put needs on customers.

I personally do not agree that CAWOW has no weak point about outdating inventory or decaying fresh goods like BIGC or IT. Every business has their weak and strong point. It is just depending on how management deal with and that is what seperates great, good and a so-so company.

Personally, I dont think CAWOW has such a big barrier of entry. I think it is not that hard for a new company to do the same business and join the game. I don't really see that CAWOW's fitness shops are much better than others compared to Sport City, etc (CAWOW could be even worse in term of service, price).

The strong point of BIGC is that you can just go there and get almost everything you want.. food, drinks, toothbrush, clothes, etc., and that is what is difference from regular retail stores which you could probably get only a few things then have to move to another place to get something else (don't count the airconditioner and cheaper prices ). I don't have BIGC so I am not cheering it.

Lastly, P/E of CAWOW is not that cheap either.. about 20 (I didn't check in detail about EBITDA and EBIT). I wouldn't buy a P/E-20 stock if I don't see that great future about it.

[เด้งดึ๋ง เด้งดึ๋ง]

ไม่ไปหรอก ขี้เกียจต่อคิวเล่นอ่ะ  :roll:  :roll:

[david]

Doesn't really matter CAWOW is a moderntrade or not but I am the one who never gonna use their service. Their sale representatives are very aggressive. Once there was a sale girl pulling my girlfriend's arm and yell convincing me and my girl to apply for membership so I blaimed and yelled at them at the middle of Siam discovery.

Maybe it is just for me but what sale persons is supposed to do is to serve customer's need not to try to put needs on customers.

I personally do not agree that CAWOW has no weak point about outdating inventory or decaying fresh goods like BIGC or IT. Every business has their weak and strong point. It is just depending on how management deal with and that is what seperates great, good and a so-so company.

Personally, I dont think CAWOW has such a big barrier of entry. I think it is not that hard for a new company to do the same business and join the game. I don't really see that CAWOW's fitness shops are much better than others compared to Sport City, etc (CAWOW could be even worse in term of service, price).

The strong point of BIGC is that you can just go there and get almost everything you want.. food, drinks, toothbrush, clothes, etc., and that is what is difference from regular retail stores which you could probably get only a few things then have to move to another place to get something else (don't count the airconditioner and cheaper prices ). I don't have BIGC so I am not cheering it.

Lastly, P/E of CAWOW is not that cheap either.. about 20 (I didn't check in detail about EBITDA and EBIT). I wouldn't buy a P/E-20 stock if I don't see that great future about it.

1.I myself also don't like the way its salespersons do.
2.I still confirm that outdating inventory or decaying fresh goods like BIGC or IT,u won't c in CAWOW.
3.I dont think CAWOW has such a big barrier of entry.Right,but I don't have any threat now about this,coz,when the big player like 24 hours or Bally wanna enter here,CAWOW SHOULD  have the bulk amount of members already,and I'm pretty sure that the 2 firms won't pay their interested in Thailand coz the size of the market is too small.I am still fond of CAWOW's marketing.
4.The strong point of CAWOW looks alike Bigc u 'd mentioned....U can get the body shape u like and the good health u want.I believe that the more the disposing income people have,the more good appearance need and health conscious they r.CAWOW  has the answer 4 the good figure and health.

[Unexpected]

4.The strong point of CAWOW looks alike Bigc u 'd mentioned....U can get the body shape u like and the good health u want.I believe that the more the disposing income people have,the more good appearance need and health conscious they r.CAWOW  has the answer 4 the good figure and health.

Well, my point is that what CAWOW gives, I can get it all with Sport City or other local fitness shops. While what BIGC gives, I cannot get from a local retail store, and that's why I stopped shopping at local grocery stores and go BIGC instead.

What I was saying was what makes BIGC different from local grocery stores and that's why we call BIGC as a moderntrade.

But CAWOW is just pretty much the same as an ordinary fitness shop in my eyes.

About barrier of entry, I didn't mean the big players, but I mean just simple local players. I am the one who likes to go fitness and staying with Sport City instead of CAWOW (I tried both but I found myself liking Sport City better in term of services).

I am not saying BIGC is good (there are also many rivals like TOPS or TESCO). I have no interest in it either but I was just pointing the difference between ordinary retail stores and moderntrades model.

The same way, I never said CAWOW is bad either. I was just saying the overview of it. In my opinion, CAWOW needs to make something that is completely different than other local fitness shop in order to get more customers.

However, I have the feeling that the market value of fitness business is still HUGE so it is probably more like a big piece of cake, so CAWOW can probably grow easily without needing barrier of entry.

Just my opinion. It is too expensive in my eyes anyway cause I am poor

[Unexpected]

I still confirm that outdating inventory or decaying fresh goods like BIGC or IT,u won't c in CAWOW.

Last I checked, the turnover rate of IT's inventory is about 30-40 days which is very ok for IT business.

[MarginofSafety]

Doesn't really matter CAWOW is a moderntrade or not ...

Khun Unexpected, If you take a look at the above topic which is

There r two more listed co.es that r also in the modern trade trend of VIs but have been ignored by them,one is CAWOW,the other one is......let's guess.

The topic founder has tried to invite us to  participate by guessing
What is another company excluding CAWOW in the modern trade?

My point here is I didn't agree that we should categorize CAWOW in modern trade industry
by giving the detaied information to support my opinion.
I 'm not talking about stock pick up or which stock should we buy.

So, it does matter in that sense.
I almost agree with the rest of your opinion.

[david]

[david]

.[/quote]

The topic founder has tried to invite us to

[Unexpected]

Unexpected wrote:
Doesn't really matter CAWOW is a moderntrade or not ...


Khun Unexpected, If you take a look at the above topic which is

เอ่อ เอาเป็นภาษไทยละกัน ช่วยอ่านให้จบประโยคได้มั้ยคับ อย่า quote แค่ครึ่งประโยค.. ผมแค่จะสื่อว่า "ผมไม่สนใจว่ามันจะเป็น moderntrade หรือไม่เพราะผมไม่ชอบวิธีการทำ marketing ของเค้าที่มี sale ที่ก้าวร้าวมากๆ"

ถ้าถามว่าเกี่ยวกับ topic มั้ย ก็อาจจะไม่เกี่ยวซะทีเดียว แต่ผมแค่กำลังตอบคำถามที่ว่ามี moderntrade อีกบางตัวที่ VI ignored. ก็ทำไมเราถึง ignore ละ? ก็เพราะส่วนตัวผม ignore เพราะสาเหตุพวกนี้แหละ

จากที่คุณ david เค้า post ว่า "There r two more listed co.es that r also in the modern trade trend of VIs but have been ignored by them,one is CAWOW,the other one is......let's guess."

ผมแค่จะสื่อว่ามันไม่สำคัญสำหรับผมมากหรอกว่าจะเป็น moderntrade หรือไม่ถ้าบริการหรือการทำ sale ของเค้าแย่มากๆ

ถ้าภาษาอังกฤษผมไม่ดีก็ขอโทษด้วยครับ บางทีผมน่าจะใส่คำว่า "For me" หลัง "Doesn't really matter" ละมั้ง

แต่ยังงัยก็ตาม ผมเสนอว่าควรจะ quote ทั้ง paragraph ครับ เพราะไม่งั้นความหมายจะผิดเพี้ยนได้ง่าย

[david]

เอ่อ เอาเป็นภาษไทยละกัน ช่วยอ่านให้จบประโยคได้มั้ยคับ อย่า quote แค่ครึ่งประโยค.. ผมแค่จะสื่อว่า "ผมไม่สนใจว่ามันจะเป็น moderntrade หรือไม่เพราะผมไม่ชอบวิธีการทำ marketing ของเค้าที่มี sale ที่ก้าวร้าวมากๆ"

ถ้าถามว่าเกี่ยวกับ topic มั้ย ก็อาจจะไม่เกี่ยวซะทีเดียว แต่ผมแค่กำลังตอบคำถามที่ว่ามี moderntrade อีกบางตัวที่ VI ignored. ก็ทำไมเราถึง ignore ละ? ก็เพราะส่วนตัวผม ignore เพราะสาเหตุพวกนี้แหละ

จากที่คุณ david เค้า post ว่า "There r two more listed co.es that r also in the modern trade trend of VIs but have been ignored by them,one is CAWOW,the other one is......let's guess."

ผมแค่จะสื่อว่ามันไม่สำคัญสำหรับผมมากหรอกว่าจะเป็น moderntrade หรือไม่ถ้าบริการหรือการทำ sale ของเค้าแย่มากๆ

ถ้าภาษาอังกฤษผมไม่ดีก็ขอโทษด้วยครับ บางทีผมน่าจะใส่คำว่า "For me" หลัง "Doesn't really matter" ละมั้ง

แต่ยังงัยก็ตาม ผมเสนอว่าควรจะ quote ทั้ง paragraph ครับ เพราะไม่งั้นความหมายจะผิดเพี้ยนได้ง่าย

My friend,I agree with u about CAWOW Sales,I can remember the bad impression I had in the first time I 'd entered the club.And this is the point I will raise in the coming AGM.

[Boring Stock Lover]

[quote="Unexpected"ผมไม่สนใจว่ามันจะเป็น moderntrade หรือไม่เพราะผมไม่ชอบวิธีการทำ marketing ของเค้าที่มี sale ที่ก้าวร้าวมากๆ"

[/quote]

ผมว่าไม่ใช่ Agressive ก้าวร้าว แต่ว่า Rude หยาบคาย  :)

[david]

The comment about bigc.
We maintain our Underperform based on
the fact that its core business can no longer expand post-2006 due to zoning laws. Management
also only expects same-store sales in the low single digits this year, which wont even beat
inflation. Competition is also fierce with the company competing against international players such
as Carrefour and Tesco.
􀂃 Yet from a more short-term trading perspective, this news could spark some activity in BIGC
shares today and perhaps in the near future as well, with speculation that an announcement is
ahead. Perhaps the recent one-week strength in BIGC shares, up 12%, could even be due to
some information leakage in this regard. Caveat Emptor.
Fig 4 Valuation BIGC
EPS growth (%) PER (x) EV/EBITDA (x) Div yield (%)
04A 05E 06E 04A 05E 06E 04A 05E 06E 04A 05E 06E
BIGC -35.6 0.6 27.3 19.5 19.4 15.2 2.4 2.3 2.1 2.2 2.4 2.6
MACQ universe 29.7 12.1 6.5 11.2 9.9 9.2 2.6 2.2 1.9 3.6 5.1 5.0
MACQ universe (Ex-PTT/PTTEP) 27.2 3.6 -3.5 10.5 10.1 10.5 2.2 2.0 1.8 4.0 5.6 4.8
Source: Macquarie Research, April 2006
Vincent Ferndando (662) 694 7985 [email protected]

[MarginofSafety]

Dear Khun Unexpected

Now I do understand what did you try to say, sorry for misunderstanding.

As I said, the purpose of my opinions here is for convincing that
We should not consider CAWOW as the modern trade because it 's totally different by nature of business.

And I just read your beginning sentence that you begin with
Doesn't really matter CAWOW is a moderntrade or not ...

My feeling is that,
What?
All I tried to say here is that, CAWOW shouldn't be considered as the modern trade. why did you say "Doesn't matter".

So, I have to defense. That is what I was feeling, when I read your first paragraph.

[Linzhi]

There is one suggestion (I do not want to point out or indicate people name, actually I would like to talk to myself also), it is base on my sincere heart.

The way you explain your thinking way is too aggressive. If you would like to have respect in your opinion, you should provide more "Assertive way" not "Aggressive way".

Otherwise, you not only cannot persuade or convince them but also making more disagreement in your opinion.