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Duty Free Share buyback and Berjaya Waterfront Post Reply Rate topic
investshare Supreme	10-May-2018 18:16        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Duty free means? kelvintan84      ( Date: 10-May-2018 17:34) Posted: Seriously you need to stop embarrassing yourself. GST was implemented on some of their stocks. anyway, EVEN IF it does not affect them directly, GST reduces consumption, which ultimately affects DFI biz. Dont embarrass yourself already then delete the msgs like in the other chat lei. For now you are just annoying and ignorant, dont degrade yourself to becoming stupid. Thx huathuat88888      ( Date: 10-May-2018 16:45) Posted: No GST good for Duty Free goods ? What you say is your occupation again? LOL Data entry clerk
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kelvintan84 Veteran	10-May-2018 17:34        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seriously you need to stop embarrassing yourself. GST was implemented on some of their stocks. anyway, EVEN IF it does not affect them directly, GST reduces consumption, which ultimately affects DFI biz. Dont embarrass yourself already then delete the msgs like in the other chat lei. For now you are just annoying and ignorant, dont degrade yourself to becoming stupid. Thx huathuat88888      ( Date: 10-May-2018 16:45) Posted: No GST good for Duty Free goods ? What you say is your occupation again? LOL Data entry clerk ? kelvintan84      ( Date: 10-May-2018 12:02) Posted: confirm GST will be removed? if so it will be GREAT news to duty free!!!!! Maybe tony bro will come back... lo
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huathuat88888 Elite	10-May-2018 16:45        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No GST good for Duty Free goods ? What you say is your occupation again? LOL Data entry clerk ? kelvintan84      ( Date: 10-May-2018 12:02) Posted: confirm GST will be removed? if so it will be GREAT news to duty free!!!!! Maybe tony bro will come back... lol n3wbie      ( Date: 10-May-2018 10:33) Posted: an obvious beneficiary from two clear policies that would be implemented: 1) removal of GST (which would take place within 100 days) 2) minimum wage realignment both policies would effectively put more money into the hands of consumers to drive purchasing power. the increase in consumption will effectively drive the GDP growth of Malaysia. half the company' s valuation now is net cash, so effectively you are paying 50c for every $1 invested into the business supported by macro upside.
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n3wbie Elite	10-May-2018 12:30        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Can' t confirm that Sir but that was one of the items on Pakatan Harapan' s manifestos, so it should be implemented? kelvintan84      ( Date: 10-May-2018 12:02) Posted: confirm GST will be removed? if so it will be GREAT news to duty free!!!!! Maybe tony bro will come back... lol n3wbie      ( Date: 10-May-2018 10:33) Posted: an obvious beneficiary from two clear policies that would be implemented: 1) removal of GST (which would take place within 100 days) 2) minimum wage realignment both policies would effectively put more money into the hands of consumers to drive purchasing power. the increase in consumption will effectively drive the GDP growth of Malaysia. half the company' s valuation now is net cash, so effectively you are paying 50c for every $1 invested into the business supported by macro upside.
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kelvintan84 Veteran	10-May-2018 12:04        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	one more good news. Riggint will fall. Duty free has been booking 40% drop in net profit mainly attributed to riggint appreciating (USD depre). They store most of their cash in USD. Hopefully all works out! kelvintan84      ( Date: 10-May-2018 12:02) Posted: confirm GST will be removed? if so it will be GREAT news to duty free!!!!! Maybe tony bro will come back... lol n3wbie      ( Date: 10-May-2018 10:33) Posted: an obvious beneficiary from two clear policies that would be implemented: 1) removal of GST (which would take place within 100 days) 2) minimum wage realignment both policies would effectively put more money into the hands of consumers to drive purchasing power. the increase in consumption will effectively drive the GDP growth of Malaysia. half the company' s valuation now is net cash, so effectively you are paying 50c for every $1 invested into the business supported by macro upside.
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kelvintan84 Veteran	10-May-2018 12:02        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	confirm GST will be removed? if so it will be GREAT news to duty free!!!!! Maybe tony bro will come back... lol n3wbie      ( Date: 10-May-2018 10:33) Posted: an obvious beneficiary from two clear policies that would be implemented: 1) removal of GST (which would take place within 100 days) 2) minimum wage realignment both policies would effectively put more money into the hands of consumers to drive purchasing power. the increase in consumption will effectively drive the GDP growth of Malaysia. half the company' s valuation now is net cash, so effectively you are paying 50c for every $1 invested into the business supported by macro upside.
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n3wbie Elite	10-May-2018 10:33        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	an obvious beneficiary from two clear policies that would be implemented: 1) removal of GST (which would take place within 100 days) 2) minimum wage realignment both policies would effectively put more money into the hands of consumers to drive purchasing power. the increase in consumption will effectively drive the GDP growth of Malaysia. half the company' s valuation now is net cash, so effectively you are paying 50c for every $1 invested into the business supported by macro upside.
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kelvintan84 Veteran	10-May-2018 09:24        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think business as usual for duty free lei... shouldnt change much... at least in short term.. hopefully alot of people who went back home visited duty free store to buy alcohol to celebrate :D
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Observers Elite	10-May-2018 08:19        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont know whether Mahatir will abolish the hotel tax or not, along with the GST?
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fusioncat Member	10-May-2018 08:09        fusioncat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes!!! Duty free international is a FUNDAMENTALLY HEALTHY company. The whole market now is risk averse trend, so have faith! The stock market is also driven by investors CONFIDENCE. Look at its ROIC and Op margin. It has little to no debt. https://quotes.wsj.com/SG/XSES/5SO/financials Operating Margin +11.10 Pretax Margin +11.13 Net Margin +6.72 Return on Assets 5.61 Return on Equity 7.38 Return on Total Capital 7.23 Return on Invested Capital 7.37 investshare      ( Date: 10-May-2018 07:20) Posted: Dr M win, how?
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investshare Supreme	10-May-2018 07:20        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dr M win, how?
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kelvintan84 Veteran	06-May-2018 09:27        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they lose that one case won't need to announce profit warning la. They have much more money to pay the fine. And yes.... I think there will be short term weakness in share price :( tonylim70      ( Date: 06-May-2018 01:52) Posted: U got a point about  not killing the golden goose  but sometimes desparate time needs desparate measures, maybe Najib needs ALOT of $$$    so have to squeeze as much $$$ as possible in the shortest period of time?    hahaha.. lets see what Najib will do... But i think there will be a nasty reaction  to the share price  if they lose the court case becos they will have to annouce profit warning which is never a good thing.   kelvintan84      ( Date: 05-May-2018 23:20) Posted: I think najib will win, and I also think duty free will lose that case. But najib is also clever, he will not kill the goose that lay golden eggs... At most the case will be confine to that one store... Duty free bankrupt or close down won't do najib any good in long run.
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tonylim70 Veteran	06-May-2018 01:52        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U got a point about  not killing the golden goose  but sometimes desparate time needs desparate measures, maybe Najib needs ALOT of $$$    so have to squeeze as much $$$ as possible in the shortest period of time?    hahaha.. lets see what Najib will do... But i think there will be a nasty reaction  to the share price  if they lose the court case becos they will have to annouce profit warning which is never a good thing.   kelvintan84      ( Date: 05-May-2018 23:20) Posted: I think najib will win, and I also think duty free will lose that case. But najib is also clever, he will not kill the goose that lay golden eggs... At most the case will be confine to that one store... Duty free bankrupt or close down won't do najib any good in long run. tonylim70      ( Date: 05-May-2018 09:10) Posted: If Najib wins the election, he has to " claim" back all the money he given out or promise to give  during the election and expect more tax to come and duty free tax court case will really be a goner for duty free. Think thats why the share price is so low as Najib is expected to wi
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kelvintan84 Veteran	05-May-2018 23:20        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think najib will win, and I also think duty free will lose that case. But najib is also clever, he will not kill the goose that lay golden eggs... At most the case will be confine to that one store... Duty free bankrupt or close down won't do najib any good in long run. tonylim70      ( Date: 05-May-2018 09:10) Posted: If Najib wins the election, he has to " claim" back all the money he given out or promise to give  during the election and expect more tax to come and duty free tax court case will really be a goner for duty free. Think thats why the share price is so low as Najib is expected to win Observers      ( Date: 05-May-2018 08:31) Posted: I believe the recently implemented hotel tax hit the hospitality industry in Malaysia quite badly, esp the budget segment. The flat fee of 10 ringgit per night per room may not sound much for a 5 star hotel, but for those no star ones, it' s probably 100% (or more) of their profit margin.
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alexchew Master	05-May-2018 10:51        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	they mentioned in e announcement tonylim70      ( Date: 26-Apr-2018 07:31) Posted: any source ? how u know is May? thanks alexchew      ( Date: 26-Apr-2018 07:21) Posted: Tax case already went to court, waiting decision in May. Lets see what happens then.
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tonylim70 Veteran	05-May-2018 09:10        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If Najib wins the election, he has to " claim" back all the money he given out or promise to give  during the election and expect more tax to come and duty free tax court case will really be a goner for duty free. Think thats why the share price is so low as Najib is expected to win Observers      ( Date: 05-May-2018 08:31) Posted: I believe the recently implemented hotel tax hit the hospitality industry in Malaysia quite badly, esp the budget segment. The flat fee of 10 ringgit per night per room may not sound much for a 5 star hotel, but for those no star ones, it' s probably 100% (or more) of their profit margin.
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Observers Elite	05-May-2018 08:31        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe the recently implemented hotel tax hit the hospitality industry in Malaysia quite badly, esp the budget segment. The flat fee of 10 ringgit per night per room may not sound much for a 5 star hotel, but for those no star ones, it' s probably 100% (or more) of their profit margin.
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kelvintan84 Veteran	04-May-2018 21:54        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the end we are both wrong. This one just trade between 0.2 - 0.22 range.... tonylim70      ( Date: 09-Apr-2018 22:49) Posted: April annoucement of results is the key liao... Positive catalyst: 1) Win tax court case, 2) Dividend of more than 0.5 cents declared,  3) HK listing,  4) Share buyback starts,  5) Declare the use of cash for acquisition of overseas duty free business. ==> 1), 3) and 5)  are huge catalyst Negative catalyst: 1) No update (uncertainties)  or Lose tax court case, 2) No Dividend or very little dividend declared, 3) Lousy results aka lousy profit,  4) No share buyback even after blackout period (after annoucement of results)  ==> 1), 2) and 3) are huge Positive: Share price go back to 28 cents, Negative: Share price drop to 18 cents. Buy at 23 cents , either u profit 5 cents or lose 5 cents.. Just my prediction.   kelvintan84      ( Date: 09-Apr-2018 22:14) Posted: I'm one of those who bought recently. 1) The fundamentals of the company did not because of the tax court case, it affects only 1 store. (I understand you SUSPECT more store will kena). The fundamentals changed because najib implemented GST on some of the stores traditionally used to be duty free. 2) even with the implementation of GST on some store, this company still presents value. (I know full well of the impact of GST on some stores and the products they carry) 3) there is an established share buy back policy and they will buy back shares upon approval of board (subjected to out of blackout period) 4) cash is now their strategic resource (I quote from the IR). I agree, because this is probably the only catalyst this company has in the short term apart from possible secondary listing. The fall in share price from 40+ cents is not without reasons, the plunge in Thai border biz, the implementation of GST are the main reasons. Some of these problems are one off, some are here to stay. You need to develop your own financial model to determine the fair value of this company. I did, and so I bought in at certain price. I will only react if, as per Tony Bro suspect (and become reality) more stores kena tax recall or if Thai king die again. If not whatever happened had been priced in, this is my personal opinion. Stocks fluctuate from time to time and deviate from fundamentals in short term, if you do enough work and value the company based solely on facts and figures, you probably will have more correct picks then misfortune. Vested.....
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kelvintan84 Veteran	26-Apr-2018 07:54        kelvintan84 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha.. I noticed you cut loss, at a price that I entered.. Haha.. Anyway parkson different story lei... That one sunset industry, not cash generative, net lost etc.. (plus recommended by danger who is quite a joke himself).. DFI is monopolistic in nature, majority of their sales comes from alcohol and perfume and these products prices have significant advantage compare with traditional retail.. They are known as the "cash cow" to their parent company sia. Plus their sales is incline in mirror tourism in Malaysia more than retail spending. (although I also think not much ppl interested to visit Malaysia la....) tonylim70      ( Date: 26-Apr-2018 07:43) Posted: yap.. if not why i cut loss? i scare of the worms coming out :) Anyway.. I consider reinvest only if the tax case is cleared. If not really is a falling knife. And retail is not good in malaysia right now, another one listed here.. parkson retail share price kana whacked down.. last time used to be 40cents+ then slowly like a falling knife drop until a few cents nia. http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=18631& msgbdName=Parkson Retail& topicTitle=Bottom of retail business?   kelvintan84      ( Date: 26-Apr-2018 07:40) Posted: Haha... Bro... U still harping on the can of worms huh? You may be right that they are conserving cash... They did give div, and DFI is yielding at over 8%.. I don't think giving more than 8% is responsible usage of money.. Thank you for your well wishing. Hopefully the tax case is non material and u can join us as long term investor!
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tonylim70 Veteran	26-Apr-2018 07:43        tonylim70 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yap.. if not why i cut loss? i scare of the worms coming out :) Anyway.. I consider reinvest only if the tax case is cleared. If not really is a falling knife. And retail is not good in malaysia right now, another one listed here.. parkson retail share price kana whacked down.. last time used to be 40cents+ then slowly like a falling knife drop until a few cents nia. http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=18631& msgbdName=Parkson Retail& topicTitle=Bottom of retail business?   kelvintan84      ( Date: 26-Apr-2018 07:40) Posted: Haha... Bro... U still harping on the can of worms huh? You may be right that they are conserving cash... They did give div, and DFI is yielding at over 8%.. I don't think giving more than 8% is responsible usage of money.. Thank you for your well wishing. Hopefully the tax case is non material and u can join us as long term investor! tonylim70      ( Date: 26-Apr-2018 06:56) Posted: Bro, too much cash and they dun give dividend?? and lately no share buyback even though they have cash. Why? Reasons: They are conserving the cash to pay up for the tax court case. And potentially can of worms as the tax authority may go after the rest of their 39 outlets. U see they never update or clarify the tax case in their annoucement. Usually if they winning the tax court case, they will annouce that they are winning to reassure the shareholders. Also the sell down from 28 cents to 21 cents .. is like a falling knife. Take care bro
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