Duty Free Share Buyback and Berjaya Waterfront

divads
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9 years 10 months ago #20111 by divads

Duty Free Share Buyback and Berjaya Waterfront was created by divads

Think time to buy ... Reasons:

1) Share buyback has started... the same as 2012 Dec...
nextinsight.net/index.php/story-archive-...uying-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

iskandardevelopment.wordpress.com/tag/berjaya-waterfront/

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Mel
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9 years 10 months ago #20112 by Mel

Replied by Mel on topic Duty Free Share Buyback and Berjaya Waterfront

U r right!

www.innovategaming.com/malaysia-second-casino

The local company, which developed Berjaya Times Square in the heart of the nation’s capital and operates Sports Toto Malaysia, is planning to transform land it owns in Johor Baru at the Malaysia-Singapore border into a large-scale entertainment resort. Plans for the project expand over at least 18 acres and features a chain of high-end restaurants, nightclubs, as well as slot machines.

BerjayaFirst, the project needs approval of the state and government agencies, including the Ministry of Finance, but according to an unidentified source, “The plan is not expected to face much resistance from state authorities. The issue could be the federal government,” reported Reuters. “Berjaya Assets may be looking to transform its Johor waterfront property into a huge entertainment resort.”

At the southern tip of the Southeast Asian country, the 1km causeway connecting Johor to Singapore typically carries 60,000 vehicles, trains and pedestrians between the countries each day. Berjaya would not only look to retain regular customers of Singapore’s two integrated resorts, but capture a share of the Singaporean market itself, where they are subject to a S$100 levy every time they want to frequent one of their local gaming facilities.

“This casino will be a tourist draw for us as well,” the company told the local press. “We can use it to attract tourists from all over the world and since its just a hop, step and jump from Singapore, we can target the tourists coming there as well by astute marketing and offering the right attractions.”

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divads
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9 years 10 months ago #20117 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

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 purchase 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
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9 years 10 months ago #20127 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

DFZ Group wins KLIA2 perfumes and cosmetics contract

Andrew Pentol

12-May-2014

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The contract was initially won by Korean travel retailer Shilla Duty Free which opted not to take the concession

Malaysian 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
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9 years 10 months ago #20143 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

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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9 years 10 months ago #20209 by divads

Replied by divads on topic Duty Free Share Buyback and Berjaya Waterfront

infopub.sgx.com/Apps?A=COW_CorpAnnouncem...cb38497549f0e5f4c0e0

share buyback resumes

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