DFI Retail Group - DBS Research 2022-11-09: Upgrade To Non-Consensus BUY

• We are making a non-consensus call and upgrading DFI Retail Group (SGX:D01) to BUY with a higher target price of US$3.07.
• With DFI Retail's share price beaten down, and recently hitting an 18-year low (since 2004), dropping momentarily under US$2 earlier in late October, we believe the odds of an upside vs downside favour the former, as well as the brave.

Market has rightfully penalised DFI for its lacklustre business performance.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Are we at the bottom and is it time for inflexion?

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-06-09 DFI Retail Group - Give Some, Save Some, Spend Some.

Previous report by DBS:
2025-03-12 DFI Retail Group - Balancing Value, Growth & Strategic Investments.

Price targets by 2 other brokers at DFI Retail Target Prices.

Listing of research reports at DFI Retail Analyst Reports.

Relevant links:
DFI Retail Share Price History,
DFI Retail Announcements,
DFI Retail Dividend Payout Dates & Corporate Actions,
DFI Retail News