Growth at its health and beauty segment was weighed down by high base effect last year when government spending in Hong Kong gave this segment a temporary boost.
DBS Group Research has maintained its "buy" call on DFI Retail Group (SGX:D01
) Holdings, while keeping its target price at US$3 despite both softer top and bottom lines flagged by the company in its 3QFY2024 business update.
The company on Nov 14 reported revenue for its quarter ended Sept was down 3% y-o-y and underlying earnings down 4%.
