DFI Retail Group - UOB Kay Hian 2025-03-25: Retail Reinvention Continues With A Farewell To Food

• DFI Retail's sale of its Singapore food business, which had only recently returned to profitability in 4Q24, was unsurprising given its various divestments in this segment in China, Indonesia and Malaysia in the past two years.
• - Read this at SGinvestors.io -

Jettisoning an underperforming business.

• DFI Retail Group (SGX:D01) announced that it will sell its Singapore food business, which includes Cold Storage, CS Fresh, Jason’s Deli and Giant, for S$125m to Macrovalue, the company that bought DFI’s Malaysia food business in 2023.
• - Read this at SGinvestors.io -

Timing of sale was faster than expected, but not a surprise.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2024-09-25 DFI Retail Group - A Millstone Removed.

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