RHB Group Research is keeping its “buy” recommendation on Dairy Farm with a target price of US$4.47 ($6.05). In an Oct 22 report, analyst Juliana Cai says, “Hong Kong retail sales have remained fairly stable in July and August despite tightened restrictions during the period. We think this set...

New Zealand's Fonterra said on Monday it would sell its dairy farms in China for a total of NZUS$555 million (US$367.97 million), with China Youran Dairy Group buying most of it.

New Zealand's Fonterra said on Monday it would sell its dairy farms in China for a total of NZUS$555 million (US$367.97 million), with China Youran Dairy Group buying most of it.

SINGAPORE: The Giant supermarket chain will lower its prices of "hundreds of everyday essentials" by an average of 20 per cent for at least six months from Thursday (Sep 24). This comes as customers have expressed financial anxieties amid the COVID-19 pandemic, the supermarket's owner Dairy Far...

THE following companies saw new developments that may affect trading of their securities on Thursday:

CGS-CIMB Research is upgrading its call on Dairy Farm International (DFI) to “add” from “hold” but with a lower target price of US$4.50 from US$4.63 previously, as the stock is “back at palatable valuations”, especially for longer-term investors. In a September 9 report, analyst Cezzane ...

CGS-CIMB has upgraded its recommendation on Pan-Asian supermarket and convenience-store operator, Dairy Farm International, to "add" from "hold" previously, noting that the counter is now "back at palatable valuations".

Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

Despite Jardine Matheson’s 1H20 underlying net profit of US$373 million ($512.6 million) coming in below expectations at 24% of CGS-CIMB’s full-year estimate, CGS-CIMB analyst William Tng has upgraded Jardine Matheson to “add” from “hold” due to its strong balance sheet that can help see...

DBS Group Research is maintaining its "buy" call on supermarket chain operators Sheng Siong Group and Dairy Farm International.