Yonghui

Yonghui divestment may see one-off loss of around US$130 mil but move will benefit DFI in the longer term: analysts - THE EDGE SINGAPORE

Broker's Calls

Yonghui divestment may see one-off loss of around US$130 mil but move will benefit DFI in the longer term: analysts

DBS and Citi have kept their "buy" calls with unchanged target prices of US$2.30 and US$2.67 respectively.

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 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
Dairy Farm to shake off 1H20 earnings dip by transforming in coming years: DBS  - THE EDGE SINGAPORE

Broker's Calls

Dairy Farm to shake off 1H20 earnings dip by transforming in coming years: DBS

The company announced in July that its 1H20 earnings dropped by 35% to US$115 million from US$178 million in 1H19.

Broker's Calls

Food for thought on Dairy Farm

SINGAPORE (Aug 8): RHB is sticking to its “buy” recommendation on Dairy Farm International Holdings with a higher target price of US$8.60 given the stock generates strong cashflow and is undervalued.
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