Broker: DBS Group Research
Date of report: 22 April 2026
Excerpt from DBS Group Research report.
Report Summary
- Stock: DFI Retail Group Holdings Ltd (DFI SP)
- Action: BUY (Maintained)
- Target Price: USD 5.00
- Key Highlights:
- Underlying profit from continuing business grew by 49% year-on-year in 1Q26, ahead of the estimated 22% full-year growth for FY26F.
- Growth driven by strong performance in Convenience, Food, Home Furnishing segments and lower financing costs following debt repayment.
- Company reaffirmed FY26 guidance for underlying profit of USD 270–300mn, supported by 2–3% organic revenue growth.
- Maintain BUY rating as strong segmental performance offsets margin pressure in Health & Beauty.
above is an excerpt from a report by DBS Group Research. Clients of DBS Group Research can be the first to access the full report from the DBS Group Research website : https://www.dbs.com
