After a break of about 20 months, Simon Ong, deputy chairman of Kingsmen Creatives, has bought shares again.On Nov 9, Ong, one of the two co-founders and controlling shareholders of the company, acquired 200,000 shares from the open market at 23.5 cents each. As he has a deemed stake of nearly 38 mi...

DFI Retail Group Holdings has earned an upgrade from DBS Group Research analyst Andy Sim owing to signs of earnings recovery among its associates and the relaxation of Covid-19 restrictions in Hong Kong.In a Nov 9 note, Sim is upgrading DFI to “buy” from “hold” with a target price of $3.07 f...

BILLION DOLLAR CLUB: REAL ESTATE COMPANIES The winners of the real estate sector share something else besides size and scale: they are all very well-established companies with decades of operating history and have gone through multiple economic cycles, emerging from each, strong...

BILLION DOLLAR CLUB: AUTOMOBILES & AUTO PARTS + TRANSPORTATION Jardine Cycle & Carriage (Jardine C&C) has emerged as the overall winner in this year’s Billion Dollar Club for the Automobiles & Auto Parts + Transportation sector. It came out tops for two of the t...

DBS Group Research has upgraded DFI Retail Group to an early, non-consensus “buy” from “hold” as it expects associate performance to bounce back next year.

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

Yanlord Land Group has teamed up with two other partners to clinch a residential site at Lentor Central for $481 million, or at $1,108 psf ppr.The other two partners are Forsea Residence, an indirect subsidiary of China Communications Construction Company, and Soilbuild Group Holdings. Yanlord, on i...

SGX-listed stocks Thai Beverage (ThaiBev), Kimly, Food Empire and Sheng Siong Group will likely be the winners in a rising inflation climate, says RHB Group Research analyst Jarick Seet.Sheng Siong Group and Kimly are both branded as value supermarkets and coffee shops, which will put them in good s...

DBS Group Research analysts Yeo Kee Yan and Janice Chua are anticipating more “sideways gyrations” for the benchmark Straits Times Index (STI) as the Fed continues to be bent on arresting inflation by raising rates, even if it comes at the expense of sub-par growth.To the analysts, the better-th...

DBS Group Research analysts Yeo Kee Yan and Janice Chua believe that the 2QFY2022 performance of SGX-listed counters has “allayed” concerns of further lows.In a report dated Aug 24, the analysts write that the 2QFY2022 results season “debunked immediate slowdown concerns”, reflecting Singapo...

Analysts from RHB Group Research, CGS-CIMB Research Citi Research and UOB Kay Hian Research have all maintained their “hold” and “neutral” calls for DFI Retail Group Holdings (DFI) with lowered target prices (TPs) of US$2.71 ($3.74), US$2.60, US$2.83 and US$2.80 from US$2.88, US$2.70, US$2.9...

Jardine Matheson has reported earnings of US$423 million, reversing from a loss of US$117 million for 1HFY2022 year-earlier period.The company’s underlying profit, which it says is a better reflection of its operating performance, is up 22% y-o-y instead to US$747 million.Revenue in the same perio...

DFI Retail Group has reported a loss of US$52 million for 1HFY2022, versus earnings of US$32 million, as the pandemic continues to weigh down on its businesses ranging from grocery outlets to supermarkets to F&B.The company warns that earnings for the current full year ending Dec 2022 will be �...

Several stocks are coming off their pandemic highs. While they may not see a record growth year anytime soon, analysts believe that thanks to inflation, these stocks will remain to be relevant and still have room to grow.One such stock would be supermarket operator Sheng Siong Group , which was the ...

CGS-CIMB on Monday (Jun 27) lowered its target price for DFI Retail Group (DFI) to US$2.70 from US$2.93 amid a continued challenging operating environment, though it still maintains a “hold” position on the counter.