Record Gold Prices, Sometimes a Double-Edged Sword
from The Breakfast Grille Hosted by BFM Media
Siow Der Ming, Head of Franchise Division and Head of International Branding at Poh Kong Holdings Bhd, discusses: - Gold prices and business in Poh Kong's shops; - Branch opening roadmap; - Breakdown of business between gold jewellery - diamonds - gemstones; - Cost per store opening; - Growth by franchise; - Staffing as a challenge; - Theft as a challenge; - Outlook for gold prices; - Whether gold in ringgit terms has risen as much as it has in USD terms; - Whether competition from Gold ETFs and Gold Savings Accounts; - Buying trends: platinum, silver, gemsets; - Customers, competition and branding as a challenge; - Margins; - Inventory value; - Lack of visibility, coverage.
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