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Brokers' take

Published Mon, Mar 26, 2018 · 09:50 PM
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DAIRY FARM INTERNATIONAL HOLDINGS | HOLD March 26 close: US$7.88 Target price: US$8.40 CGS-CIMB, March 24

Dairy Farm plans to acquire an 18.25 per cent stake in, and be a partner with, Robinsons Retail Holdings in a deal worth around US$520 million.

We are positive the deal could add scale for its Philippines business, given Robinsons Retail Holdings' size.

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