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Duty Free Share buyback and Berjaya Waterfront
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Sincerity2
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14-Jul-2014 19:11
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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. 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 Waterfron 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 newly opened Kular Lumpar Airport 2 terminal will start operating in July which should help revenue for the next quarter. |
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Sincerity2
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07-Jul-2014 16:13
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share buyback starts again.. today got movement |
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jomini
Veteran |
06-Jul-2014 15:02
Yells: "slow down, think, question" |
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just wondering..what did u see to expect a dividend? coz they always declare one for this period?
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Sincerity2
Member |
06-Jul-2014 07:24
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results will be out next week, expect dividend to be declared. |
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Sincerity2
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05-Jul-2014 19:51
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Vincent Tan of Berjaya group has also taken a interest in duty free in johor. http://www.thestar.com.my/News/Nation/2014/05/30/Berjaya-Group-set-to-transform-Stulang-Laut/ |
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Sincerity2
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05-Jul-2014 17:14
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http://dfi.listedcompany.com/newsroom/20110530_172739_5SO_96199CA89A0461F4482578A000338320.1.pdf In 2011, in their press report, they stated this: Quote: [b]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.[/b] 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: [u][b]Transfers from Catalist to SGX Main Board[/b][/u] 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 (2) It meets: (a) the following minimum quantitative requirements: (i) Main Board Listing Rules 210(2)(a) and 210(3) or (ii) Main Board Listing Rules 210(2)(b) and 210(3) or (iii) Main Board Listing Rules 210(2)(c) and 210(4)(a) When determining whether the issuer complies with the market capitalisation requirement in Main Board Listing Rule 210(2)(b) or Main Board Listing Rule 210(2)(c), the Exchange will take into account the issuer' s average daily market capitalisation for one month preceding the application date. (b) any other listing requirements that the Exchange may prescribe (either generally or in any particular case). (3) It provides the Exchange with an undertaking to comply with all the Exchange' s requirements and policies applicable to issuers listed on the SGX Main Board. The undertaking must be in the form set out in Main Board Listing Rules Appendix 2.3.1. (4) An offer information statement required by the SFA (meeting the requirements in the Sixteenth Schedule) must be lodged with the Authority if the issuer intends to offer additional securities on SGX Main Board, or a draft shareholder' s circular to approve the transfer must be submitted to the Exchange where there is no additional offer of securities. (5) Its shareholders have approved the transfer by special resolution. (6) It is in compliance with all applicable Catalist Rules. (7) For the purpose of the transfer, an listing applicant may be required to increase the proportion of its issued and paid-up capital held in public hands to meet the minimum shareholding spread requirements applicable to SGX Main Board listing applicants set out in Main Board Listing Rule 210(1). |
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Sincerity2
Member |
04-Jul-2014 20:22
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Duty free shops at Kular Lumpar Airport 2 will start in July (now), so slowly ppl will start to take note of this gem |
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divads
Member |
30-Jun-2014 13:22
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http://www.moodiereport.com/document.php?doc_id=39474 MALAYSIA. Local travel retailer DFZ has secured the concession for two beauty outlets at Kuala Lumpur International Airport&rsquo s new terminal klia2. As reported, the outlets were retendered after the airport failed to conclude an award with initial victor The Shilla Duty Free. Shilla was understood to have had concerns over the non-exclusive nature of the concessions, with Eraman and Heinemann Asia Pacific also selling beauty products airport company Malaysia Airports maintained that the non-exclusivity had been explicit from the start. DFZ will operate airside stores of 131sq m and 103sq m at the Satellite International Departure, Level 2 (the pink outlets in the floorplan below). The company earlier secured a 148sq m landside concession at gateway@klia2, an integrated transport and retail complex between the drop-off area and the main terminal.
The outlets will open in July. They will offer &ldquo major brand names and a wide product range to cater to diverse customer groups&rdquo , DFZ said. DFZ owns the Zon Duty Free and operates more than 40 stores in Malaysia. Its major airport businesses are the Arrivals liquor and cigarettes concession at KLIA&rsquo s main terminal (featuring a luxury Arrivals boutique with expansive presentations for major liquor brands) and the confectionery and beauty concessions at Penang International Airport. The company has recently added to its KLIA business with a standalone boutique for luggage brand Samsonite. Hmm Duty Free Zon wins the contract to operate in KLIA2 as Korean Duty free Shilla Duty Free withdraws. No one notice? I think this is a potential catalyst once ppl start noticing this news? .. |
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divads
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28-Jun-2014 16:40
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http://www.trbusiness.com/index.php/regional/asia/15240-dfz-is-awarded-perfume-and-cosmetics-concessions-at-klia2.html strange.. no one take notice of the news ... we shd see.. good entry point now at 29.5 cents |
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divads
Member |
20-Jun-2014 21:19
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http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=NM016PCCSJJ91DJ1& H=d53721b495fbeccb904727b459d6d3e2b9dadf2578facb38497549f0e5f4c0e0#.U6Q0sFcfySo Share buyback resumes |
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divads
Member |
14-Jun-2014 21:08
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Potential Catalyst: Expanding into ASIA PACIFIC REGION Quote from FY2014 Annual report just released We will continue to intensify our marketing efforts, enhance our service quality to customers, extend our product offerings and explore opportunities to expand our distribution channels in duty free retailing, which includes looking beyond Malaysia, and exploring strategic alliances with industry players in the duty free space in the Asia Pacific region that may yield better returns to our shareholders. Our strong and long-standing relationships with our suppliers, together with our capable management team will ensure that the Group maintains its dominant market position in the duty free sector in Malaysia. Barring unforeseen circumstances, we are cautiously positive on the future growth prospects of the Group for FY2015. |
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divads
Member |
12-Jun-2014 12:27
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DFZ Group wins KLIA2 perfumes and cosmetics contractAndrew Pentol12-May-2014
The contract was initially won by Korean travel retailer Shilla Duty Free which opted not to take the concessionMalaysian travel retailer DFZ Group has won the controversial perfumes and cosmetics tender at the new Kuala Lumpur International airport (KLIA) low-cost KLIA2 terminal. The contract covering two locations was originally won by Korean retailer Shilla Duty Free, but DFNIonline understands it decided against taking over the concession because it only covered one location and not the two as first thought. This prompted a second tender. DFZ was also awarded the integrated complex concession situated between the drop-off area and main KLIA 2 terminal building. The 131sq m and 103sq m airside stores are located in the satellite international departures area and are due to be operational in July along with a 148sq m landside store. DFZ will offer major brand names with a variety of products catering to diverse customer groups including travellers, shoppers and tourists visiting the location. DFZ also runs a liquor and tobacco concession in the main KLIA terminal international arrivals area which also has a luxury arrivals boutique and space for four leading spirits brands. Elsewhere, DFZ operates chocolate and confectionery and perfumes and cosmetics stores at Penang International airport and the first Samsonite standalone boutique in KLIA under the Zon Duty Free brand. |
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divads
Member |
11-Jun-2014 11:31
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Refer to the financial statement ended Feb 2014 reported. (Note: They are going to report the next financial result in around 24 June). Their financial mth end at Feb. Quote: Trade and other receivables increased by RM82.0 million from RM20.0 million as at 28 February 2013 to RM102.0 million as at 28 February 2014, mainly attributable to an increase in sundry receivables. Sundry receivables increased by RM85.8 million from RM4.4 million as at 28 February 2013 to RM90.2 million as at 28 February 2014, contributed by balance due from Pesaka of RM84.6 million (inclusive of interest receivable), in relation to the Disposals as mentioned in Note 1(b)(vi) above, which were receivable within a year from the completion date. The said increase was partially offset by a decrease in trade receivables of RM3.9 million from RM13.5 million as at 28 February 2013 to RM9.6 million as at 28 February 2014, owing to timing differences in trade-related collections. Inventories showed an increase of RM29.1 million from RM209.5 million as at 28 February 2013 to RM238.6 million as at 28 February 2014 as a result of higher level of purchases during the year, as well as an increase in cost of purchases as compared to the previous year. Assets classified as held for sale was nil as at 28 February 2014 following the completion of the DMSB Agreement on 15 March 2013. The sale of zon was completed 15 March 2013 last year. They are going to get one lump final instalment of RM$84.6M within 1 year which means on 15 March 2014. Therefore they will be receiving this amount in the financial mth they are going to report on 24 June. Ie:Financial mth for 1st March to 31 May. Therefore I think they will give special dividend, just like last year June after the complete the sale of Zon. For your info. And 31 cents seems to be the support , ie: Buy back triggered whenever 31 cents breached. |
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divads
Member |
11-Jun-2014 09:06
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32 cents last done |
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divads
Member |
11-Jun-2014 06:08
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this one shd be declaring dividend this mth.. |
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divads
Member |
10-Jun-2014 15:23
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TP: 40 cents based on 2012 Dec buyback pattern |
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divads
Member |
10-Jun-2014 15:03
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Think time to buy ... Reasons: 1) Share buyback has started... the same as 2012 Dec... http://nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6341-duty-free-international-rising-buying-back-of-shares 2) Berjaya Waterfront formerly known as Duty Free Zon where Duty Free is operating plans to have a casino! which will mean huat for duty free business in Berjaya waterfront http://iskandardevelopment.wordpress.com/tag/berjaya-waterfront/ |
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