0221 GMT - Expectations for DFI Retail Group's earnings recovery continue to be positive, RHB Research's Alfie Yeo says in a research report. The pan-Asian retailer's core operations have shown profitability improvement while its recent divestment of Yonghui Superstores reduces future earnings risks, the analyst says. The company has raised the lower end of its 2024 earnings guidance to US$190 million from US$180 million, maintaining the higher end at US$220 million, the analyst notes. RHB lifts its 2024 earnings forecast for DFI Retail Group by 3% to partly reflect the company's strategy to grow market share across all formats. RHB raises the stock's target price to US$2.70 from US$2.61 with an unchanged buy rating. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 21:21 ET (02:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.