I say first but to be honest when it comes to chronographs I'm more stupid then most but it looks like one. I always figured they were out of my price range so when I won a 3 watch lot for $120 I found myself with a valjoux 77.
The Hugex brand is not one I have come across before and it doesn't look to bad when one peeks behind the crystal and the hands look to be in good nick as well. The case has a lot of marks but it is made of stainless steel so it can take it. The crown and buttons are in worse shape though as they only are chromed. The styling suggest the 1940's.
The only thing that seams to work is the bottom dial but the rest is non working.