The Moodie Reportfolio: Misr Duty Free Shops continues its outstanding share performance

INTERNATIONAL. The performance of the travel retail-related stocks in The Moodie Reportfolio bounced back from a sluggish performance in recent months to post +10.8% growth in US Dollar terms in February (compared to the previous month). Egypt’s Misr Duty Free Shops continued its outstanding performance, which has seen a doubling of its share value since August 2007.

Misr Duty Free Shops was the best performing stock for the month of February in 2008. The company saw the total value of its shares (in US dollars) increase +49.1% in February and +136.0% from August last year.

Its spectacular rise was buoyed by a February announcement that the Capital Market Authority has approved a request to undertake a capital increase and exercise a stock split from EÂ£10 to EÂ£1 per share.

The total value of shares (in US dollars) in The Moodie Reportfolio has fallen by -3.4% year to date from 1 August 2007.

At the beginning of August 2007 The Moodie Report invested a hypothetical US$10,000 – or local currency at prevailing exchange rates – in 14 travel retail-related stocks. Some are pure duty free/travel retail companies, some are parent or related groups. The resultant basket of stocks is The Moodie Reportfolio.

The stocks are:

– Autogrill (Aldeasa, Alpha, HMSHost)
– Bahrain Duty Free Shops
– Dufry
– Dufry South America
– Ferrovial (BAA/World Duty Free)
– Hellenic DFS
– Japan Airport Terminal Co
– Jordanian Duty Free Shops
– Lagardère (Aelia; HDS Retail)
– Lotte Shopping Co
– LVMH (DFS Group)
– MISR Duty Free Shops (Egypt)
– Stefanel
– Tourvest

Each month our Research & Analysis Manager, Singapore-based Justin Lee, reports on the change in The Moodie Reportfolio and its individual components. He tracks our original investment and notes the outstanding performers for the month in both local and US currency and the year to date (the latter in US Dollar terms).