Brokers' take

Dairy Farm International | Buy (upgraded) March 20 close: US$7.74 Target price: US$8.25 RHB Research Institute, March 20

It has been challenging for Dairy Farm's supermarket /hypermarket division over the past four years.

Share price saw a sell-down after the group made major write-downs and provisions to this division in Q4 FY2018. In the year up to March 19, the share price plunged 19 per cent, under-performing The Straits Times Index considerably.