DFI Retail Group - DBS Research 2025-03-12: Balancing Value, Growth & Strategic Investments

• DFI Retail (SGX:D01) reported FY24 core earnings of US$201mil, a 30% y-o-y increase. The growth was largely driven by margin expansion in its food and convenience business. The results came in line with our estimates and consensus.

DFI recorded an overall loss of US$245mil, primarily due to one-off impairments and divestment losses.

• - Read this at SGinvestors.io -
• EBIT growth was strong, rising 17% y-o-y to US$349mil. EBIT exceeded both our estimate of US$323mil and the consensus forecast of US$318mil. The upside surprise was driven by better-than-expected performance in convenience stores and home furnishing, which outperformed expectations.

Proposed final dividend of 7 UScts.

• - Read this at SGinvestors.io -

Guided for FY25 core earnings at US$230-270mil, supported by 2% organic revenue growth.

• 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/.

Previous report by DBS:
2024-09-26 DFI Retail Group - Share Price Rally Has Just Begun; Transformation Accelerates With Yonghui Sale.

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