DFI Retail Group Holdings stands to benefit from some tailwinds, CGS International analysts say in a research report, as they upgrade the stock's rating to add from hold.
It also raises the target price to US$2.71 from US$1.85. The tailwinds include a quicker recovery in the Asian retailer's Hong Kong supermarket sales, growth in Southeast Asia, and a stronger-than-expected margin uplift from cost efficiencies, the analysts note.
The company's underlying operating margins are expected to expand by 40 bps during 2024-2027, as the recovery in the Food and Home Furnishings segments could offset operational deleveraging in the Convenience Store segment and the sales mix shift in the Health & Beauty segment.
Shares are down 0.9% at US$2.25.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。