Omicron threat draws mixed reactions from analysts covering Dairy Farm

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.