DFI Retail Group - RHB Research 2025-11-05: Earnings Recovery Gaining Traction; Keep BUY

• We remain positive on DFI Retail (SGX:D01)’s earnings recovery prospects and attractive valuation, and anticipate earnings to recover this year. Its dividend yield is decent due to parent company Jardine Matheson (SGX:J36) practice of uplifting dividends back to the group level.
• - Read this at SGinvestors.io -

3Q25 recovery continues.

• DFI Retail reported underlying sales growth of 3% y-o-y and a reversal of +2% SSSG after four consecutive quarters of decline.
• - Read this at SGinvestors.io -
• Revenue growth was led by the health & beauty and food segments, offset by weaker convenience division sales on volume sales decline of cigarettes.

Segmental performance.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-08-07 DFI Retail Group - Earnings Recovery Tracking Well; Maintain BUY.

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 Dividend Payout Dates & Corporate Actions,
DFI Retail News