Assuming a 10 US cents payout for FY2025/FY2026, the duo expects total yield to reach an attractive 8% at $2.70 and represent about 6% yield at the revised target price.
DBS Group Research is keeping a “buy” call on DFI Retail Group (SGX:D01
) with a higher target price of US$3.60 from US$3.00 previously.
In a June 9 report, analysts Chee Zheng Feng and Andy Sim say: “Our revised target price reflects a higher 16.7x PE peg on higher FY2026 earnings, in line with the peer median given DFI’s margin profile. We believe this is also justified by the potential for special dividends over the next few years.”
