DFIRG USD    Last:3.89   -

DAIRY FARM INTERNATIONAL

Last:3.53        -0.04
rothschild business won' t go bust
Great business at a discount
business will recover once economies start to open up
aggressively accumulate
gd luck dyodd

ozone2002      ( Date: 07-Sep-2021 13:09) Posted: Last:3.61        +0.06 jardine should do the same to DAiryfarm just like what they did to HK land DF valuation now is back to many years back valuation gd luck dyodd

 

Incrementally positive newsflow to benefit Dairy Farm International in the near term

UOB Kay Hian analyst Adrian Loh believes that despite margin pressures impacting Dairy Farm International (DFI) in 2021, " incrementally positive newsflow" should benefit the company in the medium term.

This includes higher vaccination numbers in DFI' s markets like Hong Kong, Indonesia, Malaysia, Singapore and Thailand as well as in China. " With an increasing number of Asia' s population obtaining the first and second doses of vaccines, we expect a gradual reopening of economies over the next three to six months," Loh says. He expects this to boost both domestic and tourism-related spending.

Citing Bloomberg consensus forecasts, he notes that 2021 growth estimates for Hong Kong and Singapore have been raised by 0.7 percentage points and 20 basis points respectively, though Indonesia and Thailand have seen forecast downgrades by their respective governments.

Loh also believes newsflow on travel opening up between Hong Kong and China will impact DFI positively. Earlier this week, the Hong Kong government stated that it will allow quarantine-free entry for up to a total of 2,000 residents from mainland China and Macau each day, subject to certain requirements such as a negative Covid-19 test prior to arrival. 

" While visitors would have to undergo 14 days of quarantine upon their return to the mainland or Macau, thus deterring day tourists, we nevertheless view such developments as incrementally positive for Hong Kong' s overall retail sales, thus benefiting DFI' s Mannings business," Loh explains.

Retail spending in Hong Kong also appears to have stabilised, with sales rising 3% y-o-y in July. The government' s HK$5,000 ($864) consumption voucher is expected to further boost spending in the third quarter. " While y-o-y comparables for 2021' s supermarket sales will remain challenging due to the high base effect of the panic-buying in 2020, we note that average sales for 2021 have reverted to pre-Covid-19 numbers," Loh adds.

Given the positive developments, Loh has kept his " buy" rating and target price of US$4.53 for DFI unchanged. His target price is pegged to a P/E target multiple of 24.7 times, which is one standard deviation below its five-year average.

" We believe that the discount to its average P/E is fair and reasonable given the continued Covid-19-related challenges that the company faces in its various business segments and geographies," Loh remarks.

" As the region progresses towards having a greater proportion of its population vaccinated, and further evidence of DFI' s business transformation surfaces in the near to medium-term reporting periods, we expect DFI to trade at higher multiples compared with the present," he adds.

As at 1.32pm, shares in DFI are trading up 2 cents or 0.56% higher at US$3.62.

 

china hk border opening... shld boost dairy farm retail sales in hk n eateries.. plus hk land cheonging.. jardine grp shld be doing good

 

Last:3.61        +0.06
jardine should do the same to DAiryfarm just like what they did to HK land
DF valuation now is back to many years back valuation
gd luck dyodd

 

rev n profit kept dropping....eps drop 85%...

vivacious      ( Date: 19-Aug-2021 17:30) Posted: only 2 lots. 15 year low. Shld be safe lol Linnaeus      ( Date: 19-Aug-2021 17:19) Posted:   good time, i think so to

 

lai liao ma?
 

 

wow

 

Last:3.52 +0.05
Buy when u see value
Gd luck dyodd

ozone2002      ( Date: 20-Aug-2021 12:35) Posted: Last:3.47        +0.08 lower than its 2009 price  value buy gd luck dyodd

 

 

who had been short selling dairy farms

 

https://www.smh.com.au/business/companies/david-jones-a-very-poor-investment-says-south-african-shareholder-20200601-p54ya4.html

 

Last:3.47        +0.08
lower than its 2009 price 
value buy
gd luck dyodd

 

on the way UP

 

only 2 lots. 15 year low. Shld be safe lol

Linnaeus      ( Date: 19-Aug-2021 17:19) Posted:   good time, i think so too vivacious      ( Date: 19-Aug-2021 17:00) Posted: entered a bit at 337

 

  good time, i think so too

vivacious      ( Date: 19-Aug-2021 17:00) Posted: entered a bit at 337

 

entered a bit at 337

 

one stock i would avoid for sure.
weak fundamentals...

 

not historic low lah...but about 15 year low which is quite significant

MARKWONG      ( Date: 16-Aug-2021 17:10) Posted: Historic Low level today. Could be a entry point and start to accumulate. DYODD

 

Historic Low level today. Could be a entry point and start to accumulate.
DYODD