By right supermarkets is selling essential items for the retails and businesses should be quite profitable! May be businesses were affected because of the pandemic situation.
Other supermarkets player lije Sheng Siong and NTUC Fair Price I think they are quite profitable!
I think Dairy Farm is seeing improvement in their profitability as reflected on their 1st quarter update.
Chart wise, bearish mode!
It has managed to bounce-off from the low of 2.11 ND closed higher at 2.28 looks rather interesting.
It would be good to wait for reversal to kicks in before taking action for the next move!
Not a call to buy or sell!
Please dyodd.
DFI Retail Group (the ‘Group’) is a leading pan-Asian retailer. At 31st December 2022, the Group and its associates and joint ventures operated over 10,600 outlets and employed some 216,000 people. The Group had total annual revenue in 2022 exceeding US$27 billion.
The Group provides quality and value to Asian consumers by offering leading brands, a compelling retail experience and great service; all delivered through a strong store network supported by efficient supply chains.
The Group (including associates and joint ventures) operates under a number of well-known brands across food, health and beauty, home furnishings, restaurants and other retailing.
The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong by DFI Retail Group Management Services Limited through its regional offices.
DFI Retail Group is a member of the Jardine Matheson Group.
The story of DFI Retail Group dates back to 19th century Hong Kong, when Scottish surgeon Sir Patrick Manson and five businessmen embarked on a venture to improve the health of the Hong Kong community by breeding imported cattle locally, and to ensure a daily supply of disease-free fresh milk at an affordable price - a challenging move as the herd had to adapt to Hong Kong's sub-tropical climate.
From such modest beginnings, DFI has expanded and reinvented itself over the decades to become one of Asia's most dynamic and reputable companies. Today, DFI is primarily into retailing with a focus on supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishings stores and restaurants. The Group commands a leadership position in many key Asian markets and has upheld its principles for quality products, business integrity and commitment to the community.
These historical milestones highlight key dates and events and are a record of the many defining moments in the making of a very unique and special company.
OUR GOAL
To give our customers across Asia a store they TRUST, delivering QUALITY, SERVICE and VALUE.
Chart wise, Bearish mode!
It has managed to bounce-off from the low of 1.95 and rises higher to close at 2.86 looks like she is trying to do a reversal price patterns!
We will need to wait for market confirmation to see if she can reclaim the recent high of 3.38 level.
A nice breakout accompanied with good volume that may likely reverse this downtrend!
NAV USD0.7.
Yearly dividend of about 3 cents.
Yield is about 1.05 percent.
Not a call to buy or sell!
Please dyodd.
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