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DFI Retail (Maintain BUY with TP under review) - Don&rsquo t stop believing
FY23 results were largely in line with expectations at the operating profit level headline profit hit by one-off US$110m impairment in 2H23
2HFY23 saw surprisingly strong margin recovery for Food and Convenience segments which more than offset margin contraction in the Home Furnishings segment
Declared 5 UScts final dividend, bringing total FY23 dividend to 8 UScts, translating to dividend yield of 4%
FY23 results were largely in line with expectations at the operating profit level headline profit hit by one-off US$110m impairment in 2H23
2HFY23 saw surprisingly strong margin recovery for Food and Convenience segments which more than offset margin contraction in the Home Furnishings segment
Declared 5 UScts final dividend, bringing total FY23 dividend to 8 UScts, translating to dividend yield of 4%
DFI Retail Group posts 437% increase in underlying earnings to US$155m
DFI Retail Group : D01 +1.5% posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022.
The group&rsquo s net profit for the year stood at US$32.2 million, versus a loss of US$114.6 million in the prior year.
Underlying earnings distinguishes between the group&rsquo s ongoing business performance and non-trading items, DFI said in its financial results posted on the bourse on Thursday (Mar 7).
Total revenue for the year remained at US$9.2 billion, similar to the previous year, buoyed by a &ldquo strong recovery&rdquo in the group&rsquo s health, beauty and convenience divisions. However, this was offset by lower sales within its food and home furnishings divisions.
A final dividend of 5 US cents per share has been proposed, which, if approved by shareholders, would bring the total dividend for the year to 8 US cents per share, up from 3 US cents per share a year ago. The final dividend will be paid on May 15.
The group also posted a non-trading loss attributable to shareholders of US$122.5 million. This was predominantly due to a goodwill impairment in respect of its Macau business and Giant Singapore, and foreign exchange losses associated with the divestment of its grocery retail business in Malaysia. However, these losses were partially offset by gains from property divestments.
The group said that it is still adapting to changes in customer behaviours due to economic activity following the Covid-19 pandemic.
It also expects its rate of growth to reduce &ldquo substantially&rdquo in 2024 compared to 2023 due to high interest rates, inflationary pressures and a broader economic slowdown on the Chinese mainland.
I am happy with the total dividend for the full year.
https://www.theedgesingapore.com/capital/results/dfi-retail-group-turns-around-fy2023-declares-full-year-dividend-8-us-cents
Its underlying profit, which the company says is a more accurate measure of its operational performance, reached US$155 million for the year ended Dec 31 2023, versus US$29 million in FY2022.
In line with the better earnings, DFI plans to pay a final dividend of 5 US cents, bringing the FY2023 total to 8 US cents. In contrast, it paid just 3 US cents for FY2022.
https://www.theedgesingapore.com/capital/results/dfi-retail-group-turns-around-fy2023-declares-full-year-dividend-8-us-cents
Its underlying profit, which the company says is a more accurate measure of its operational performance, reached US$155 million for the year ended Dec 31 2023, versus US$29 million in FY2022.
In line with the better earnings, DFI plans to pay a final dividend of 5 US cents, bringing the FY2023 total to 8 US cents. In contrast, it paid just 3 US cents for FY2022.
2.30 tmr?
Just wonder how do you know dividends us 5 cents?
Results are great but see how the market responds Liao.
Dyodd
https://links.sgx.com/FileOpen/DFI%20PR%20Final.ashx?App=Announcement&FileID=791406
Results are great but see how the market responds Liao.
Dyodd
https://links.sgx.com/FileOpen/DFI%20PR%20Final.ashx?App=Announcement&FileID=791406
wait4opp ( Date: 07-Mar-2024 15:03) Posted:
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Hongkonger do not know need do this notification to sgx
strange, doesnt show up in the SGX company annoucements
slingshotpro ( Date: 07-Mar-2024 15:56) Posted:
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Likely to be today after market close
wait4opp ( Date: 07-Mar-2024 15:03) Posted:
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sold at batch at 205. Hedged at 208 so lets see.
wait4opp ( Date: 07-Mar-2024 15:03) Posted:
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Results will be out anytime from now, last year results on 2 March 2023.
Good results with US 5 cents coming, DYODD
Good results with US 5 cents coming, DYODD
Short ans is yes.
Southmouse ( Date: 05-Mar-2024 09:16) Posted:
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Bottom already?
OVERSOLD - nibbling
More in the money 💰 $$$
vivacious ( Date: 26-Jan-2024 11:11) Posted:
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KGi
KGI Research
DFI Retail Group. (DFI SP) - Long &ndash Entry 2.14, Target 2.30, Stop 2.06
Shares closed higher above the 50dEMA with constructive volume. 5dEMA is about to cross the 20dEMA.
MACD is positive, RSI is constructive.
KGI Research
DFI Retail Group. (DFI SP) - Long &ndash Entry 2.14, Target 2.30, Stop 2.06
Shares closed higher above the 50dEMA with constructive volume. 5dEMA is about to cross the 20dEMA.
MACD is positive, RSI is constructive.
expecting good results and higher dividends. today prices tell the true.
dyodd
dyodd
when the result come out?
next stop 22 series
Techinical Report from CGS international:
the key highlights of the technical report.
DFI Retail Group Holdings Ltd&zwnj
- Market Position: Technical Buy at last price of $2.15.
- Entry Prices: $2.15, $2.10, $1.98 with supports at $1.96 and $1.83.
- Stop Loss: $1.88, with resistance at $3.47 and $3.80.
- Target Prices: $2.42, $2.55, $2.80, $3.00.
- Overview: DFI Retail Group focuses on retail stores such as supermarkets, drugstores, and convenience stores.
KGI buy call
DFI Retail Group Ltd. (DFI SP) - Long &ndash Entry 2.10, Target 2.30, Stop 2.00
Shares closed above the 50dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
MACD is positive, RSI is constructive.
DFI Retail Group Ltd. (DFI SP) - Long &ndash Entry 2.10, Target 2.30, Stop 2.00
Shares closed above the 50dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
MACD is positive, RSI is constructive.