DFI Retail Group

The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit

Its underlying profit is up 38.9% at US$105 million for its first half, amid lower financing costs and improved performance of its various segments

Special dividend comes on top of interim dividend of US$0.035 per share

The benchmark index reaches a high for a fourth consecutive trading day at 4,161.43

The bank maintains a ‘buy’ call on the retail group

The divestment will enable DFI to redeploy capital to support growth and enhance shareholder returns across its subsidiaries, says group

Yonghui Superstores contribute US$23 million to the group’s earnings in the corresponding period a year ago

While most grocery prices will remain stable, consumers are likely to tighten their belts ahead of an uncertain economic outlook, say analysts

While the group has a seemingly formidable portfolio of retailing brands, its shares have delivered a negative total return of 65.8% over the past 10 years