- 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Andy SIM CFA DBS Group Research | Singapore Research Team DBS Research | https://www.dbs.com/insightsdirect/ 2022-11-09
Read also DBS's most recent report:
2023-07-31 DFI Retail Group - Up, Up & Away; Health & Beauty Was The Star.
Previous report by DBS:
2023-04-24 DFI Retail Group - Sum Of The Parts Worth More Than The Whole.
Price targets by 3 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 Dividends & Corporate Actions,
DFI Retail News Articles
