Dairy Farm International

When the lockdown order was first announced in the evening of March 16, many Singaporeans again thronged supermarkets that very evening and the following day.

SINGAPORE (Mar 28): DBS Group Research is raising Dairy Farm International's target price by 23 US cents to US$9.77.

SINGAPORE (Sept 27): Phillip Capital is initiating coverage of Dairy Farm International at “buy” with a target price of US$9.89 ($13.41), given the Pan-Asian retailer is a proxy to the North Asian consumer boom.

SINGAPORE (Aug 3): Dairy Farm International, a member of the Jardine Group, announced a 7% increase in 1H17 earnings to US$213 million ($354.2 million) from US$199 million in 1H16 on higher total sales.

SINGAPORE (July 21): DBS expects modern grocery retail (MGR) to grow further as it has increased its penetration by 30% in Asean-5 over the past two years, from 29.6% in 2015.

SINGAPORE (Jan 12): Dairy Farm International’s core business in Hong Kong could be set for a recovery, and for that, RHB Research has maintained its “buy” recommendation on the stock. Hong Kong contributes between 40% and 45% to Dairy Farm’s overa

SINGAPORE (Jan 9): RHB Research has maintained its “buy” recommendation for Dairy Farm International as the supermarket operator continues to invest in the fresh food distribution business.

SINGAPORE (Jan 6): DBS Group Research says companies in Singapore and Thailand are leading the way among the 10 member states of the Association of Southeast Asian Nations (Asean) in the expansion of their regional footprints.