Omicron threat draws mixed reactions from analysts covering Dairy Farm
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Published Mon, Mar 7, 2022 · 09:50 PM
Singapore
AS THE latest Covid-19 variant Omicron continues to spread through the key operating markets of Dairy Farm International (DFI), RHB Research has downgraded its rating on the mainboard-listed retail group to "neutral" from "buy".
The move comes after DFI posted a 62 per cent decline in net profit on the back of lower revenue amid the pandemic, which constrained the group's normal store operations and reduced traffic.
