Analyst Lim Siew Khee from CGS-CIMB reiterated a Buy rating on DFI Retail Group Holdings and increased the price target to $4.00 from $3.45.
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Lim Siew Khee has given his Buy rating due to a combination of factors including DFI Retail Group Holdings’ impressive profit growth and strategic initiatives. The company’s underlying profit in the third quarter of 2025 rose significantly by 48% year-over-year, driven by increased operating profit and reduced financing costs. Additionally, the divestment of certain assets contributed positively to the financial performance.
Moreover, DFI’s focus on cost optimization and a shift towards higher-margin products have enhanced profitability across various segments. The company’s strategic expansion, particularly in the convenience segment with 7-Eleven in China, and the promising sales trends in food and health & beauty segments further support the positive outlook. These factors, along with a strong balance sheet and potential for future mergers and acquisitions, underpin the Buy rating with a target price increase to US$4.00.
In another report released on October 31, DBS also maintained a Buy rating on the stock with a $3.90 price target.