- DFI Retail (SGX:D01) held its inaugural investor day, where management laid out clear strategies and financial targets for each operating segment. The higher margin Health & Beauty and Convenience businesses are expected to be the main growth engines for both revenue and earnings.
- - Read this at SGinvestors.io -
Health & Beauty and Convenience segments to lead earnings growth.
- Health & Beauty revenue growth will be underpinned by franchise-led store expansion in Indonesia and a stronger push into the fast-growing wellness category. For Convenience, the company is upgrading its higher margin ready-to-eat offering, with expanded fresh hot food offerings and ongoing product innovation.
- It also sees substantial white space for store expansion in Tier 2 cities in South China.
Kept FY26F earnings unchanged with earnings mix to shift towards higher margin segments.
- - Read this at SGinvestors.io -
- Our assumptions sit closer to the lower end of management’s segmental growth and margin expansion guidance, which leaves room for potential upside.
Increase dividend payout ratio from 60% to 70%.
- Read more at SGinvestors.io.
