DFI Retail Group

Broker's Calls

RHB keeps 'overweight' on grocery retailers; picks Sheng Siong over DFI

RHB expects food spending to strengthen in the supermarket format next year, benefitting both DFI and Sheng Siong.
RHB upgrades DFI to 'buy' on backing of attractive valuation following drop in share price - THE EDGE SINGAPORE

Broker's Calls

RHB upgrades DFI to 'buy' on backing of attractive valuation following drop in share price

Analyst Alfie Yeo anticipates a pick-up in demand in DFI’s markets and improvement in domestic consumption.
GST hike to 9% going ahead, bigger Assurance Package likely - THE EDGE SINGAPORE

Singapore news

GST hike to 9% going ahead, bigger Assurance Package likely

'Many Singaporeans know how to compare prices. They can go to NTUC FairPrice today, Sheng Siong tomorrow and Giant the day after'
Analysts mixed on DFI Retail Group despite return to profitability - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on DFI Retail Group despite return to profitability

DBS maintains “buy”, and CGS-CIMB and RHB have maintained “hold” and “neutral”, only Citi has upgraded its call to “buy”.
DFI Retail Group returns to profitability with US$8 mil in 1HFY2023 earnings; underlying profit reverses into US$33 mil  - THE EDGE SINGAPORE

Results

DFI Retail Group returns to profitability with US$8 mil in 1HFY2023 earnings; underlying profit reverses into US$33 mil

This brings their earnings per share to US$0.61, with an interim dividend of 3 US cents per share declared.

Broker's Calls

RHB expects DFI's recovery to be 'gradual' and not 'firm', keeps 'neutral' call

There's a risk of Singapore shoppers downtrading

STI watch

Opportunities abound in Singapore market after STI correction in May: DBS

FEHT, CDLHT, LREIT, DFI Retail and CDL are the stocks to look at for bargains after their corrections.

Results

DFI Retail Group saw 'significant' y-o-y improvement in 1QFY2023 business update

In its outlook statement, the group says it remains optimistic for the remainder of the year
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