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DAIRY FARM INTERNATIONAL
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oops...local counter also start to follow crowd. Shake head...local ah..why u want to follow them.
This type of share..buy a bit, it will go up. So keep a bit first.
Better profit...and drop so fast. \(?_?)/
investshare ( Date: 04-Aug-2017 16:01) Posted:
Support broken?
sunview ( Date: 04-Aug-2017 14:58) Posted:
Following the 1H17 results, CIMB maintains ADD with target price of US$9.18 and RHB also maintains BUY with target price of US$10.00.
But technically, the chart looks bad. It has broken below the 200 days moving ave and the uptrend line drawn from Feb 2016. US$7.80 seems to be the first support. |
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Support broken?
sunview ( Date: 04-Aug-2017 14:58) Posted:
Following the 1H17 results, CIMB maintains ADD with target price of US$9.18 and RHB also maintains BUY with target price of US$10.00.
But technically, the chart looks bad. It has broken below the 200 days moving ave and the uptrend line drawn from Feb 2016. US$7.80 seems to be the first support. |
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Get some, show 3 counter party, all foreign brokerage.
Hmm...they ba ka to create confusion.
Exactly, the same pattern, like SS. with foreign counter party trying to create confusion.
Get ready, firers watch your front.
SuperLuckyCorn ( Date: 04-Aug-2017 14:42) Posted:
| stand one side first, based on SS experience...should be around 7.78 |
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cimb, rhb...both malaysia bank, somehow that remind me of 1mdb
sunview ( Date: 04-Aug-2017 14:58) Posted:
Following the 1H17 results, CIMB maintains ADD with target price of US$9.18 and RHB also maintains BUY with target price of US$10.00.
But technically, the chart looks bad. It has broken below the 200 days moving ave and the uptrend line drawn from Feb 2016. US$7.80 seems to be the first support. |
|
Following the 1H17 results, CIMB maintains ADD with target price of US$9.18 and RHB also maintains BUY with target price of US$10.00.
But technically, the chart looks bad. It has broken below the 200 days moving ave and the uptrend line drawn from Feb 2016. US$7.80 seems to be the first support.
stand one side first, based on SS experience...should be around 7.78
Ha...SS SS all the way. ^_^
investshare ( Date: 02-Aug-2017 11:53) Posted:
| Ppl talked about SS. No one interested in this? |
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Ppl talked about SS. No one interested in this?
DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
Interim Management Statement 9th November 2016 &ndash
Dairy Farm International Holdings Limited has today issued an Interim Management Statement for the third quarter of 2016.
All Divisions did well to achieve sales growth compared with the third quarter of last year against a background of fluctuating demand. Underlying earnings were also ahead of the prior year as higher contributions from Food, Restaurants and Yonghui offset slightly lower profits from the Health and Beauty and Home Furnishings Divisions. Similar trading conditions are expected to continue for the remainder of the year.
In the Food Division, sales in the hypermarket and supermarket operations showed some improvement for the period despite modest like-for-like sales growth being offset by some store closures. Slightly higher margins helped to produce an increased profit compared with the same period last year. Higher sales were seen in the convenience store operations in Hong Kong, Singapore and mainland China, with like-for-like sales growth stronger than in the first half of the year. Profitability of the convenience store operations also improved.
In the Health and Beauty Division, sales were higher than the prior year and overall like-for-like sales growth improved compared with the first half of the year. Profitability remained marginally below the prior year, however, principally due to margin erosion in Hong Kong and Malaysia.
While overall sales improved in Home Furnishings, like-for-like sales growth moderated compared with the first half. Profitability was slightly below that of the prior year, in part due to stock clearance activities.
Maxim&rsquo s had a seasonally strong quarter in both sales and profit compared to the prior year, partly due to its successful mooncake sales programme during the Mid-Autumn Festival period.
In August, the Group completed its further US$190 million investment in Yonghui to maintain its 19.99% shareholding following a 10% share placement by Yonghui to internet retailer JD.com. Net debt was little changed at the end of the September 2016. Dairy Farm is a leading pan-Asian retailer. The Group, together with its associates and joint ventures, operate some 6,500 outlets &ndash including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants &ndash employing over 180,000 people, and had total annual sales in 2015 exceeding US$17 billion.
Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.
- end -
For further information, please contact:
Dairy Farm Management Services Limited
Neil Galloway (852) 2299 1896
Brunswick Group Limited
Siobhan Xiaohui Zheng (852) 3512 5044
This and other Group announcements can be accessed through the internet at &lsquo www.dairyfarmgroup.com&rsquo .
http://www.dairyfarmgroup.com/DairyFarm/media/Dairy-Farm/Media/Press-Releases/p161109.pdf
http://www.dairyfarmgroup.com/en-US/Media/Press-Releases
Dairy Farm International' s 1H earnings rise 4.1% rise to $269 mil
SINGAPORE (July 28): Dairy Farm International, posted a 4.1% increase in earnings to US$199.3 ($269.4) million for the six months ended June from a year ago.
This was due to higher contributions from the Food, Home Furnishings, Restaurants and Yonghui hypermarket chain in China that helped offset lower contribution from the Health and Beauty Division.
Revenue declined 0.6% to US$5.56 billion, pulled down by the closure of a number of underperforming stores in Singapore and Indonesia.
&ldquo While sales and profit performance in the first half have been encouraging in a challenging trading environment, the outlook remains uncertain with consumer confidence fragile in most markets,&rdquo says Ben Keswick, Chairman of the group.
Looking ahead, improvements are being made to existing stores to enhance the shopping experience of customers, and its private label range is being expanded to offer consumers a choice of high quality products at lower prices.
In addition, the group will also seek to achieve greater efficiencies and productivity through investment in information systems and supply chain infrastructure.
The group has declared an interim dividend of 6.5 US cents.
Shares of Dairy Farm closed 0.9% lower at US$6.68.
Featured Singapore Stock #3 &ndash Dairy Farm
Analyst Report: Stanley Lim, CFA
What Dairy Farm International does
Dairy Farm International Holdings is a leading pan-Asian retailer that manages popular store formats including supermarkets and hypermarkets, convenience stores, health and beauty stores, home furnishing stores, and even restaurants.
Today, Dairy Farm houses a packed stable of well-known brands that include
Cold Storage and
Guardian in Singapore,
Wellcome and
Mannings in Hong Kong,
Hero supermarket in Indonesia and more. Dairy Farm has also locked down a place as the master franchisee for global powerhouse,
Ikea, in Hong Kong, Taiwan and Indonesia.
FACTS BOXAll data values as of 29 April 2016
| Market cap |
US$9.3 billion |
| Cash/Debt |
US$258.5 million/US$740.2 million |
| Revenue (TTM) |
US$11.1 billion |
| Earnings (TTM) |
US$418.0 million |
| Price-to-earnings ratio (TTM) |
22 |
| Return on equity (TTM) |
30.3% |
Why we like it
Dairy Farm has been a consistent, and rapid, grower in the past decade and we expect this growth to potentially benefit shareholders in coming years. Its revenue has impressively doubled to US$11.1 billion from FY2006 through FY2015. Management has run the business well over the same period with net profit doubling as well. This sort of financial performance certainly has our attention as we consider adding Dairy Farm to our formal list of recommended stocks.
Furthermore, Dairy Farm is able to expand its outlets mostly through the profits churned out from current operations. Dairy Farm has been generating an increasing amount of free cash flow (operating cash flow minus capital expenditures) over the past ten years. In fact, free cash flow jumped 18% in 2015 alone.
The enviable growth in free cash flow has, in turn, translated into strong dividend growth for income-hungry shareholders who can now expect a 3% yield.
Areas of concern
However, the company is not without risk. Growth in e-commerce might have an impact on the company due to its mostly brick-and-mortar business model. Moreover, Dairy Farm has decided to expand in China through an investment in Yonghui, one of the leading retailers in the country, instead of expanding organically. We&rsquo d much prefer organic growth and harvesting all of the profits in the world&rsquo s largest market and it may signal that Dairy Farm has to rely upon sometimes risky, not to mention costly, mergers and acquisitions to fund growth.
The Stock Advisor Gold bottom line
Overall, the company has proven to be a strong and stable grower over a tumultuous 10-year period for consumer businesses. While non-organic growth in China isn&rsquo t ideal, we recognize China&rsquo s borders are tough to penetrate and it&rsquo s better to grab a small cut of this massive potential rather than none at all. Add in a solid stream of free cash flow accompanied by a 3% dividend yield and we find ourselves unable to ignore the company&rsquo s growth prospects.
https://www.fool.sg/stock-advisor-hub/2016/05/05/dairy-farm-international/?mc_cid=de16377021& mc_eid=6d15bd5357
Dairy Farm International: Dairy Farm' s underlying earnings for 1Q16 were broadly in line with 1Q15. IKEA and Maxim&rsquo s performed well with increased sales and profits, but this was offset by challenging operating environment in the Food and Health & Beauty divisions. The Food division faced margin pressure across most markets, aggravated by higher costs and unfavourable exchange rate movements, leading to a decline in operation profits, which was partially offset by contributions from Yong Hui and San Mui. Profit in the Health and Beauty division was impacted by increased promotional activity and adverse exchange rate movements. Dairy Farm expects to complete a further US$200 mn investment in Yonghui to maintain its 19.99% shareholding following a 10% placing by Yonghui to JD.com.
DBS set TP $7.34 upside from here
rebounce in sight??
pretty low now.. can buy :D
aksg78 ( Date: 20-Aug-2015 22:39) Posted:
| Good time to accumulate. Looking at the direction of the USD. Should appreciate to 1.5 by year end. |
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Good time to accumulate. Looking at the direction of the USD. Should appreciate to 1.5 by year end.
its a snail...
copper29 ( Date: 02-Jul-2015 09:53) Posted:
Hi All,
Anyone has any thought or advice on Dairy Farm? Thanks.
ahbutthen ( Date: 11-Mar-2015 01:22) Posted:
Mr. Research Analyst, Diary Farm has too much exposure to Hong Kong, which has an aging population and declining tourist arrivals. How does that translate to increase consumption is beyond me ...
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Hi All,
Anyone has any thought or advice on Dairy Farm? Thanks.
ahbutthen ( Date: 11-Mar-2015 01:22) Posted:
Mr. Research Analyst, Diary Farm has too much exposure to Hong Kong, which has an aging population and declining tourist arrivals. How does that translate to increase consumption is beyond me ...
triphopper ( Date: 07-Oct-2013 19:52) Posted:
| From DBS Vickers:
We are initiating coverage on Dairy Farm with BUY recommendation and target price of S$11.60. Dairy Farm is a beneficiary of rising middle class population and food consumption in Asia. The stock offers defensive earnings and sound financials and is trading at undemanding valuations. Recent selldown provides entry opportunity. Dairy Farmhas corrected by c.23% from May'13, more than STI Index. Valuation is attractive at 25.5x FY14F PE, below its last three years' average valuations. |
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