DFI saw full-year earnings increase 10.5% to US$469.0 million ($660 million), on the back of improved operating margins by its food division and at IKEA, as well as strong contributions from Maxim’s and Yonghui.
SINGAPORE (March 3): CIMB Research is keeping Dairy Farm International Holdings at “add” and increasing its target price to US$9.18, from US$8.70 previously.
This comes after DFI on Thursday posted a strong set of earnings results that beat analysts’ expectations.
