Duty Free International lately has the same pattern as it's parent ATLAN over at the
bursamalaysia. The pattern is slowly but surely rising. Atlan rises from $2.90 to $4.50 , reaches
it's record high. So, Duty free international is doing the same thing, and possibly going to touch all time high of 60 cents in 1 mth time.
Duty free has been aggressive in share buyback. It just bought 462,000 shares at 38 cents a piece.
They are trying to increase shareholders value.
Target for them should be 60 cents and duty free will be flushed with cash from the sale of JB Zon and is a super cash cow.
everyday up 1 or 2 cents.. within 1 mth, it will reach 50 cents..
Let see Vincent Tan plans for this duty free...
Niche share in SGX. The only listed duty free shares in sgx.. long term can easily reach $1
This is my own take on this counter: It has shot up from 31 cents in early Dec to 42 cents last Fri. It's been bought back every day by the company's share buyback programme. On PE basis, it is not cheap and anyone would be puzzled. Clearly to me, the story is something else, somewhere else. What has been publicly announced is the upcoming sale of the Zon in JB. Will this trigger a special dividend? I think it will. But the story has to be more than about dividends, as the company is aggressively buying back. And there is substantial vol every day , which suggests there are others who know what they are doing. Good luck> I am vested in this stock too. Hopefully get my due rewards. 60 cents would be nice!
