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Duty Free International (formerly: Esmart Holding)
05-12-2019, 09:57 PM.
Post: #51
RE: Duty Free International (formerly: Esmart Holding)
(05-12-2019, 05:14 PM)random85 Wrote: My two cents worth:

1. Buyout
- As highlighted above, the company is tightly held 
- The share price has dropped from about 40 cents to about 15 cents over the past 3 years 
- Is a buyout a possibility?

2. Long Term Sustainability
- What would be the long term sustainability of duty free shops? 
- After 38 years of selling liquor and tobacco at Changi Airport, the DFS Group will soon be pulling out (https://www.straitstimes.com/singapore/d...-next-june)
- The NTU professor in the above article suggested that online retail has eroded the advantage of duty free shops

3. Consumer Sentiment
- In the SGX announcements, worsening consumer sentiment is often cited by the management as the cause for declining profits
- I have not done such an analysis yet but would be curious to see a chart of Malaysia Consumer Confidence Index against DFI Profitability
- Also wondering whether the Consumer Confidence Index of major visiting countries should be included

Please feel free to disagree and add on. Cheers.

Disclaimer: Vested

With the proposed capital reduction and distribution of cash, buyout seems to be a remote possibility.
It has a golf course. Hopefully, it can get better returns from the change of use.

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