Oriental Watch Holdings Limited
Oriental Watch Holdings Limited (HKSE: 398) is trading at HK$3.38, about ₹41 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 0.15% today. Indian residents can buy Oriental Watch from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$3.36
Today's high
HK$3.39
52 week low
HK$3.18
52 week high
HK$3.80
398 opened at HK$3.37, closed previously at HK$3.39, and has traded between HK$3.18 and HK$3.80 over the past 52 weeks.
About
Oriental Watch Holdings Limited operates as an investment holding company primarily engaged in the retail and distribution of timepieces. Its market reach extends across Hong Kong, Macau, Taiwan, and mainland China. The company features a wide array of prestigious watch brands, such as Rolex, Tudor, Piaget, Hublot, Omega, and Rado. Beyond its core business, it also manages property assets. As of March 31, 2022, the company's retail network encompassed 44 brick-and-mortar stores and an online platform, catering to customers in Hong Kong and mainland China. Established in 1961, its corporate headquarters are situated in Central, Hong Kong.
Key statistics
Avg. volume
391.56K
Market cap
HK$1.65B
P/E Ratio
9.14
Price-to-sales ratio
0.48
Enterprise value
HK$904.96M
Free cash flow yield
17.65%
Debt-to-equity ratio
0.12
Return on equity
9.99%
ROIC
8.36%
Beta
0.39
Dividend yield
11.09%
Last dividend
HK$0.38
Financial overview
Revenue
HK$3.42B
Earnings per share
HK$0.37
Free cash flow
HK$262.44M
Net profit margin
5.26%
Gross margin
29.60%
EBITDA
HK$460.76M
Revenue growth
-0.78%
Similar securities
This is not an investment recommendation
How to buy Oriental Watch from India
Indian residents can buy Oriental Watch shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Oriental Watch and place an order
Find Oriental Watch by name or by its ticker, 398, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Oriental Watch trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Oriental Watch position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Oriental Watch from India
Trading and taxes when buying Oriental Watch from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Oriental Watch’s current yield is 11.09%.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Oriental Watch stock?
Yes. Oriental Watch (398) has been listed on the Hong Kong Stock Exchange since 1993, in the Luxury Goods industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Oriental Watch share cost in rupees?
One Oriental Watch share is HK$3.38 — about ₹41 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Oriental Watch price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Oriental Watch from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Oriental Watch?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Oriental Watch shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Oriental Watch price. Paasa issues a capital-gains statement for your return.
Does Oriental Watch pay a dividend, and how is it taxed in India?
Yes. Oriental Watch pays a dividend and the current yield is 11.09%; the last declared dividend was HK$0.38 per share, about ₹4.59. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Oriental Watch from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Oriental Watch shares held from India?
Hong Kong has no estate duty.
Do I have to declare Oriental Watch shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Oriental Watch holding, its cost and its closing value.
How do I sell Oriental Watch and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.