0722 GMT - DFI Retail's share pullback since a March peak presents a buying opportunity, say CGS International analysts in a note. The retailer should be able to reach the higher end of its 2026 profit guidance of US$270 million-US$300 million, which DFI Retail recently reiterated, the analysts say. DFI Retail could pursue acquisitions to scale its high-margin retail media platform, but it is unlikely to buy Hong Kong supermarket chain ParknShop from CK Hutchison despite market speculation, as CK has said it isn't looking to sell the asset, the analysts add. CGSI reiterates its add rating and US$5.50 target price on the retailer, which runs brands across segments such as convenience, food, and health and beauty. Its Singapore-listed shares drop 0.8% to US$3.73. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 17, 2026 03:22 ET (07:22 GMT)

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