Dairy Farm International (DFI)

Citi, RHB maintain 'neutral' on DFI, increase TPs to US$3.16 and US$3.09 - THE EDGE SINGAPORE

Broker's Calls

Citi, RHB maintain 'neutral' on DFI, increase TPs to US$3.16 and US$3.09

DBS has reiterated its ‘buy’ call with a lower TP of US$3.80 from US$3.90 previously.

IPO

From Osim to V3: The phoenix rises?

It is a puzzle and a shame that Osim’s previous loyal investors may not be able to participate in V3’s rebirth with ease locally.
Tough operating environment to persist in 4QFY21 for Dairy Farm: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Tough operating environment to persist in 4QFY21 for Dairy Farm: CGS-CIMB

CGS-CIMB has also maintained "hold" on DFI.
Jardine Matheson sees "encouraging improvement" in 3Q management update - THE EDGE SINGAPORE

Results

Jardine Matheson sees "encouraging improvement" in 3Q management update

However, challenges caused by the pandemic persists.
Incrementally positive newsflow to benefit Dairy Farm International in the near term: UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

Incrementally positive newsflow to benefit Dairy Farm International in the near term: UOB Kay Hian

DFI is expected to benefit from higher vaccination numbers in key markets and the opening up of Hong Kong-China travel.
RHB lowers TP for Dairy Farm International following sharper-than-expected dip in grocery earnings - THE EDGE SINGAPORE

Broker's Calls

RHB lowers TP for Dairy Farm International following sharper-than-expected dip in grocery earnings

DFI's 1H21 results missed RHB and consensus forecasts by a wide margin.
Dairy Farm International sees 85% drop in 1H21 earnings to US$17 mil on ongoing Covid-19 headwinds - THE EDGE SINGAPORE

Results

Dairy Farm International sees 85% drop in 1H21 earnings to US$17 mil on ongoing Covid-19 headwinds

DFI declared an interim dividend of 3 US cents, 40% lower than the 2020 interim dividend.
RHB upgrades Dairy Farm to 'buy' on recovery play - THE EDGE SINGAPORE

Broker's Calls

RHB upgrades Dairy Farm to 'buy' on recovery play

RHB believes DFI’s current valuation offers a good opportunity for investors seeking to position for a cyclical recovery.
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