$DFIRG USD (D01.SG)$ DFI Retail Group reiterates its guidanc...
DFI Retail Group reiterates its guidance for net profit to come in between US$180 million to US$220 million for 2024.
Based on the profit guidance, the minimum EPS for Fy2024 should be around 13 cents. Sheng Siong is trading at around P/E 16. If we apply the same P/E on DFI in comparison, since they are both supermarket businesses, the stock should be trading at 16 x 0.13 = $2.08. This is based on the assumption DFI will really hit the target profit of $180 million.
At the current price 1.72, the stock is trading at 20% discount. DYODD.
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102087836 : dfi's cost ctrl measures have been commendable but it's revenue growth has been flat, even -4%. it still hasnt been able to reinvent itself to gain marketshare & simply sell more. cost cuts can only go so far
Deep Sea OP 102087836 : The company is still undergoing restructuring and costs cutting is part of it. It takes time for the business to improve its revenue. At least, we are seeing improved fundamentals in terms of earnings and that’s why we see dividend hike and higher profit guidance from the management.
102087836 Deep Sea OP :