CGS-CIMB analyst Lim Siew Khee has reiterated their bullish stance on DFIJ stock, giving a Buy rating today.
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Lim Siew Khee has given his Buy rating due to a combination of factors, primarily driven by DFI Retail Group Holdings’ strong financial performance and strategic decisions. The company reported a significant increase in its underlying PATMI for the first half of 2025, which was largely in line with market expectations, showcasing robust contributions from its health and beauty segment and associates. Additionally, the announcement of a special dividend has enhanced the attractiveness of the stock, resulting in an impressive dividend yield.
Furthermore, Lim Siew Khee notes the company’s strategic moves, such as the monetization of portfolio assets and the planned sale of its Singapore grocery business, which indicate a focus on optimizing its business operations. Despite a slightly weaker revenue outlook due to divestments, the analyst expects a strong EPS growth over the next few years, supported by improved net margins. The upcoming Investor Day is anticipated to provide further clarity on the company’s strategic direction, potentially serving as a catalyst for re-rating. However, potential risks include slower recovery in Hong Kong and cost pressures affecting margins.
According to TipRanks, Siew Khee is ranked #2000 out of 9843 analysts.
In another report released today, DBS also maintained a Buy rating on the stock with a $3.60 price target.