DFI Retail Group

Broker's Calls

RHB lifts DFI’s TP to US$2.81 following 1QFY2024 performance

RHB lifts DFI’s TP to US$2.81 following 1QFY2024 performance
RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI - THE EDGE SINGAPORE

Broker's Calls

RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI

RHB maintains ‘overweight’ on retail names; keeps top picks, Sheng Siong and DFI

Broker's Calls

Citi lowers TP for DFI Retail Group while DBS leaves TP 'under review' despite reversal into earnings for FY2023

Analysts from both brokerage houses have kept their buy calls on back of cheap valuation, and strong recovery momentum for 2024.

Results

DFI Retail Group turns around for FY2023, declares full year dividend of 8 US cents

Underlying profit was up 437% y-o-y to US$155 million
Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y - THE EDGE SINGAPORE

Results

Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y

The announcement follows news of Norway's sovereign wealth fund dumping its stake in the conglomerate over environmental concerns.

Stocks To Watch

Jardine Matheson, a recovery play with compelling valuation

Jardine Matheson Holdings stands out as a potential winner among recovery plays in 2024.

Broker's Calls

RHB keeps 'buy' on DFI Retail, awaiting recovery in China

'We anticipate a recovery in FY2024'

Results

JMH's 3QFY2023 performance was 'marginally above' last year’s with growth from Astra, DFI and Mandarin Oriental

The performance was partly offset by lower contributions from Jardine Pacific and Hongkong Land.
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