Duty Free International
About Duty Free International
Duty Free International (DFI) is one of the largest local duty-free retailing group in Malaysia, with strategic presence at all leading entry and exit points in Peninsular Malaysia, including airports, seaport, downtown, border towns and popular tourist destinations. The Group currently operates over 40 outlets comprising duty-free retail outlets and duty paid retail outlets located at various locations throughout Peninsular Malaysia.
2QFY20 Results Announcement
Wednesday, 9 Oct (Est)
Share
Recent Developments
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11 Jul 19
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20 Jun 19
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25 Apr 19
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9 Jan 19
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10 Oct 18
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13 Aug 18
Investment Merits
- One of the largest duty free trading group in Malaysia
- Highly cashflow generative business
- 9.9% dividend yield based on FY19 DPS of S$0.018 (and share price of S$0.181)
- Bukit Kayu Hitam (Black Forest Golf and Country Club)- hidden jewel with huge development potential
Stock Information
| Price | 0.181 |
|---|---|
| Market Cap (SGDm) | 218 |
| YE | 02/2020 |
| Earnings Release Date (Est) | 09/10/2019 |
| 52 wk high/low | 0.220/0.175 |
| YTD % change | -8% |
| Free Float % | 25% |
| Insiders Holding | 75% |
Key financial highlights
| Key Highlights | 2017 | 2018 | 2019 |
|---|---|---|---|
| Revenue (RM m) | 633 | 612 | 556 |
| Net Profit (RM m) | 73 | 42 | 47 |
| P/E | 9.0 | 15.7 | 14.1 |
| Ex-cash P/E | 5.4 | 7.1 | 8.0 |
| P/B | 1.2 | 1.1 | 1.2 |
| Return on Equity | 15.5% | 7.5% | 8.2% |
| Net D/E | -48.0% | -59.5% | -49.8% |
| Est Dividend Yield | 13.8% | 10.2% | 9.9% |
Source: Bloomberg (Based on share price of S$0.181)
Risks
Regulatory Changes, Fluctuations in foreign exchange rates, Malaysia political risks and economic growth