0509 GMT - DFI Retail Group's shares are up, with traders bullish on the retailer. UOB Kay Hian upgraded its target price on the stock to US$5.30 from US$4.30, a goal which DBS Group Research analyst Zheng Feng Chee described as street-high. Investors could be repositioning ahead of DFI's earnings due early March, adds DBS's Chee in an email. The retailer is well-positioned to beat 2025 consensus estimates based on its nine-month progress, with the potential to deliver US$270 million in underlying profit--the top end of the company's guidance, the analyst says. DFI, which operates brands across food, health and beauty and convenience stores, could also sell Macau supermarket San Miu, as it likely operates at a loss, he says. Shares rise 5.85% to US$4.16. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 20, 2026 00:09 ET (05:09 GMT)
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