Brokers' take

Dairy Farm International Neutral (downgraded) May 30 close: US$7.64 Target price: US$8.25 RHB Research Institute, May 30

In view of the escalating uncertainties brought forth by the ongoing US-China trade war, and that the share price has rebounded from the low of US$7.34 in March this year, we think the stock is now fairly valued.

The health & beauty segment continued to deliver stellar results in Q1 across most markets but we think growth in the segment would slow down in the second half of FY2019 if consumer sentiment worsens.