The way Loh sees it, the guidance reflects a disciplined shift toward higher returns, stronger cash generation, and improved capital efficiency with targets showing a steady uplift in operating margins, underpinned by savings of US$30 million-US$35 million by FY2028.
UOB Kay Hian’s Adrian Loh has raised his target price for DFI Retail Group to US$5.30 from US$4.30, following the company’s “bolder” sales and capital returns targets.
“For the first time since our initiation in 2021, the company has communicated its long-term growth targets, thus giving us and investors greater confidence in the company’s growth trajectory,” states Loh in his Jan 19 report.
