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Brokers' take

Published Mon, Sep 26, 2016 · 09:50 PM
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Duty Free International | BUY Target price: S$0.56 Sept 26 close: S$0.44 UOB Kay Hian, Sept 26

We see the strategic tie-up with Heinemann as a significant positive. Other than lower procurement costs, we believe that Heinemann could also help reduce Duty Free International's (DFI) cash conversion cycle as well as broaden its product offering. In addition, with Heinemann's strong global reputation, we think that this will position DFI well for potential joint ventures or mergers…

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