“The higher margin Health & Beauty and Convenience businesses are expected to be the main growth engines for both revenue and earnings. The group is targeting core earnings of US$310 million to US$350 million by FY2028, implying a 6% to 10% CAGR from our above-consensus FY2025 forecasts,” says Chee.
Numerous analysts are keeping their respective “buy” calls on DFI Retail and raising their target prices to between US$4.25 to US$4.50, following the recent inaugural investor day.
In his Dec 4 report, Chee Zheng Feng from DBS Group Research says that DFI Retail’s management has laid out clear strategies and financial targets for each operating segment.
