INTERNATIONAL. Misr Duty Free Shops continued its spectacular share performance in March, and was once again the top-performing stock in The Moodie Reportfolio.
The company saw the total value of its shares (in US dollars) increase by +44.1% in March this year and by +240.0% from August last year.
Dufry Group also proved a strong performer in the month, as its shares recover from a recent dip. Dufry saw the total value of its shares (in US dollars) increase by +21.1% in March and by +4.9% from August last year.
The total value of shares (in US dollars) in The Moodie Reportfolio increased by +8.8 % in March. The index has increased by +5.1% 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 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)
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).
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