DFI Retail Group Appears Confident in Driving Working Capital Improvements

Dow Jones
2025/07/24

0743 GMT - DFI Retail Group's management appears confident in driving working capital improvements, CGS International analysts say in a research report. The improvements are aimed at ending 2025 with a positive cash position for the Singapore-listed company, the analysts note. The Asian retailer has monetized US$900 million of portfolio assets in 1H and plans to monetize an additional US$93 million in 2H from the sale of its Singapore grocery business. The company's special dividend lifts the 2025 dividend yield to 16%, though this is likely a one-off payout. The brokerage raises the stock's target price to US$3.86 from US$3.00, partly due to DFI's stronger balance sheet. It has an unchanged add rating on the stock, which is 2.0% higher at US$3.52. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 24, 2025 03:43 ET (07:43 GMT)

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