- DFI reported better-than-expected underlying profits and dividends with its convenience and health & beauty segments offsetting weakness seen in food and home furnishings. Within its associates, Maxim’s profit growth overcame Yonghui’s losses, the latter being the only business still in the red in 2023.
- - Read this at SGinvestors.io -
- Maintain BUY. Target price lowered to US$2.39.
Back in the black in 2023.
- DFI Retail Group (SGX:D01) reported 2023 results that bettered our estimates with underlying profit attributable to shareholders of US$155m, up five-fold vs 2022.
- - Read this at SGinvestors.io -
- Its final dividend of US$0.05 (1H23: US$0.03) results in a total 2023 dividend of US$0.08 vs its 2023 EPS of US$0.0239. This was better than our expectation of a 70% payout ratio. See DFI's dividend dates.
A stronger 2H23 vs 1H23.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-03-11
Read also UOB's most recent report:
2024-08-05 DFI Retail Group - Building Momentum With Better-Than-Expected 1H24 Results.
Price targets by 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
