dairy farm intl

Leadership changes at Mandarin Oriental, DFI Retail

The reopening trend in North Asia will drive recovery for the group’s convenience store and restaurant segments, although grocery retail could suffer from the tapering of demand, analysts have noted.

Brokers’ take: Analysts mixed on DFI Retail Group as results underperform

The fall in sales in the grocery retail segment was primarily driven by the easing of movement restrictions in South-east Asia, says DFI Retail Group.

DFI Retail Group posts 72% drop in underlying earnings to US$29m

UOBKH has raised its target price on the stock to US$3.90 from US$2.96 to reflect a target price-to-earnings multiple of 30 times, in line with DFI’s past five-year average.

Brokers’ take: UOBKH upgrades DFI to ‘buy’; raises target on better 2023 outlook

Online grocers like RedMart are competing with incumbent supermarkets that possess institutional knowledge and experience in running a profitable grocery business.
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Poor economies of scale raise questions about viability of grocery delivery startups

Dairy Farm International has changed its name to DFI Retail Group Holdings, with effect from May 5.

Dairy Farm International changes name to DFI Retail Group Holdings

DFI Retail Group, which owns supermarket brands Cold Storage and Giant in Singapore, is expected to post a strong earnings rebound in FY2023, DBS said.

Brokers’ take: DBS expects DFI earnings to bounce back in FY2023; upgrades to ‘buy’

CGS-CIMB also noted DFI Retail's intent to further invest in e-commerce and expects “elevated” expenses in the medium term.

Brokers’ take: CGS-CIMB lowers target price of DFI Retail Group with ‘bumpy’ recovery ahead

Omicron threat draws mixed reactions from analysts covering Dairy Farm

Omicron threat draws mixed reactions from analysts covering Dairy Farm

Brokers' take: Omicron threat draws mixed reactions from analysts covering Dairy Farm

Brokers' take: Omicron threat draws mixed reactions from analysts covering Dairy Farm