SINGAPORE (July 3): With interest rates likely to remain low until end 2021 as the economy follows a “U-shaped” or “L-shaped” recovery, DBS analysts Yeo Kee Yan and Janice Chua are recommending investors to load up on yield stocks for the foreseeable future.  “The US COVID-19 resurgence a...

CGS-CIMB, in a note on Tuesday, upgraded its rating on Dairy Farm International to "hold" from "reduce" and raised its target price to US$5.45 from US$4.38 as most of the company's main markets slowly ease out of Covid-19 lockdowns.

SINGAPORE (June 10): As most markets are now emerging from the Covid-19-induced lockdowns, Dairy Farm International’s near-term prospects are looking better, according to CGS-CIMB analyst Cezzane See. As such, she has upgraded Dairy Farm International to “hold” from “reduce”, and raised it...

CGS-CIMB, in a note dated Tuesday, upgraded Dairy Farm International to "hold" from "reduce" and raised the target price to US$5.45 from US$4.38 as most of its main markets slowly ease out of Covid-19 lockdowns.

CGS-CIMB, in a note dated Tuesday, upgraded Dairy Farm International to "hold" from "reduce" and raised the target price to US$5.45 from US$4.38 on less negative valuations, given the easing of Covid-19 restrictions in most of its main ...

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries. This includes retail REITs, such as CapitaLand Mall Trust, Frasers Centrepoint Trust, Mapletree C...

SINGAPORE (May 14): Japfa Holdings posted a more than three-fold surge in earnings to US$35.5 million (S$50.3 million) for 1Q20 ended March, compared to US$7.8 million a year ago. Revenue for the company grew 4.2% y-o-y to US$949.9 million, driven by all business segments – PT Japfa Tbk, Animal P...

SINGAPORE (Apr 29): Despite an 18-19% cut in FY20-21 earnings owing to poorer health and beauty, as well as convenience store earnings, DBS Group Research has maintained its “buy” rating on Dairy Farm (DFI) based on promising valuations in light of ongoing transformation of its Southeast Asian ...

THE following companies saw new developments that may affect trading of their shares on Wednesday:

PAN-ASIAN supermarket and convenience-store operator Dairy Farm International’s overall performance in the first quarter was “seriously affected” by the Covid-19 pandemic and deteriorating consumer sentiment, said the group in its interim management statement on Tuesday.