Duty Free Share Buyback and Berjaya Waterfront

www.trbusiness.com/index.php/regional/as...ssions-at-klia2.html

strange.. no one take notice of the news ... we shd see.. good entry point now at 29.5 cents

dfi.listedcompany.com/newsroom/20110530_...2578A000338320.1.pdf

In 2011, in their press report, they stated this:

Quote:
DFI also intends to apply for a transfer of its listing status from the Catalist Board to the Main Board of the SGX-ST in the future, to further enhance its presence and potential.

This year is the 3rd year after their listing through RTO, and so upgrading to mainboard is eminent as there is a condition of listing in catalist for at least 2 years to upgrade.

Expect some action soon.



From SGX:
Transfers from Catalist to SGX Main Board
408
A Catalist issuer may apply to the Exchange in writing for transfer to SGX Main Board. The Exchange may allow the transfer if the issuer meets the following requirements:

(1) It has been listed on Catalist for at least two years;

Results for Q1/15 just out:

Keypoints:

1) Profit before income tax
The Group reported a profit before income tax from continuing operations of RM16.7 million for 1Q FY2015, which was 6.5% or RM1.0 million higher than the profit before income tax of RM15.7 million reported in 1Q FY2014.

==> The MH370 missing Malaysia airplane did not affect it's business during reporting period from March to May. Next quarter should be better as the effect of the missing MH370 wears off and the newly open shops in the new Kular lumpar airport terminal 2 start operating in July.


2) In March 2014, DMSB received RM34.8 million, being the sum of RM30.0 million deferred consideration and RM4.8 million accrued interest up to 15 March 2014. Both parties had mutually agreed that Berjaya Waterfront
shall pay the remaining deferred consideration of RM50.0 million together with the interest thereon at the rate of 6% per annum on or before 15 July 2014. On 30 June 2014, both parties had mutually agreed that the payment of the remaining deferred consideration be further extended to 15 October 2014.

==> Meaning no dividend declared this Quarter, have to wait until the remaining RM50 million is paid before 15 Oct.


3) Rental of premises expenses mainly comprised of rental payable to the airport authority and rental expenses of certain retail outlets. The rental of premises expenses showed an increase of 13.8% or RM1.1 million from RM7.7 million in 1Q FY2014 to RM8.8 million in 1Q FY2015, mainly due to the rental expense for the outlet in Kuala Lumpur International Airport (“KLIA”) which recorded an increase of RM0.7 million, in tandem with higher revenue achieved, and rental expenses for new outlets at KLIA 2. The rental payable for the KLIA outlet is based partly on sales performance. Further, the rental expenses incurred for the outlets in Johor Bahru increased by RM0.4 million, following the completion of the DMSB Agreement on 15 March 2013.

==> Higher revenue results in higher rental in Kular Lumpar Airport, not a bad thing as revenue increases. Shops at the newly opened Kular Lumpar Airport terminal 2 will start operating in July which should help revenue for the next quarter.
www.trbusiness.com/index.php/regional/as...ssions-at-klia2.html
www.moodiereport.com/document.php?doc_id=39474

I hope to see the newly acquired concession in the new kular lumpar airport terminal 2, the new duty free shops would contribute positively. The new shops start operation this month. So next quarter results would be interesting.
www.trbusiness.com/index.php/regional/as...ssions-at-klia2.html

www.moodiereport.com/document.php?doc_id=39474



And I also hope Vincent tan ,thru berjaya corp maybe interested to take over atlan (parent of duty free) and thus take duty free private. Atlan is doing a share placement, which means Vincent Tan has opportunity to acquire more shares and trigger a General offer?
www.nst.com.my/node/3724

journeytowealth88.blogspot.sg/2012/10/ab...uat-lai-res-mas.html

www.theedgemalaysia.com/highlights/22288...ations-scientex.html

Quote: (2012)
The Edge weekly in its latest edition reported that Tan Sri Vincent Tan Chee Yioun was building a presence in duty-free chain operator Atlan, a
move that could lead to a change of control in the company and possibly a general offer situation.



Or duty free decides to expand regionally or revive talks with malasia airport's Eraman duty free for merger as Malaysia airline is going to be nationalise by the Malaysia government, maybe some corporate actions ?

www.theedgemalaysia.com/features/165470-...-eraman-outlets.html



We buy on hope, if these hope materialized, then share price would have jumped and too late to go in. But if never materialized, the support shd be at 28 cents.

And of course, I hope after getting the remaining 50million ringgit from berjaya, they will use the cash to do an aggressive share buyback just like beginning of 2013.

nextinsight.net/index.php/story-archive-...uying-back-of-shares


vested with hope

Malaysia government is going to restructure Malaysia airline and perhaps they would want to divest non-related business to focus on aviation related business.

in.reuters.com/article/2014/06/10/uk-mal...dINKBN0EL0OY20140610



Perhaps there is a chance that Duty Free International and it's parent Atlan may revive it's plan of merging with Eraman Duty Free, the retail portion of Malaysia airport which potentially is a game changer. Hope for the best

www.theedgemalaysia.com/features/165470-...-eraman-outlets.html

www.ndtv.com/article/world/state-fund-pl...uring-sources-552209

The MH17 air crash incident just happened will speed up privatisation of Malaysia airline and maybe Malaysian state investor Khazanah Nasional Bhd may now sell off Eraman Duty free to Duty free Zon to focus on airport and airline related business..

www.theedgemalaysia.com/features/165470-...-eraman-outlets.html