The analysts from both brokerage houses have therefore kept their “buy” call on DFI, on the back of cheap valuation and a continued strong recovery momentum going into 2024.
Citi Research has lowered its target price for DFI Retail Group (SGX:D01
) to US$3.13 ($4.17), from US$3.28 previously, while DBS Group Research has left its target price “under review”, despite the group’s reversal into earnings for the FY2023 ended Dec 31, 2023.
For the full year, DFI reported earnings of US$32 million, compared to the loss of US$115 million it made in FY2022.
