DFI Retail Group’s Share Price is Close to its 52-Week Low: Can the Retailer Enjoy a Rebound?

The Smart Investor04-12

[ Share Facebook Twitter LinkedIn Email WhatsApp Investors in DFI Retail Group (SGX: D01) have a reason to feel despondent. Shares of the pan-Asian retailer have lost a third of their ...

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AcidIce
04-17
AcidIce
Half truth though. If more War breaks out, more destruction, more unemployment, lesser spending & then what right? I still seeing it should go down further until USD$1.55++ then ready for a stronger convincing recovering is likely. Until then wait for it to drop further.

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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDFI Retail Group’s Share Price is Close to its 52-Week Low: Can the Retailer Enjoy a Rebound?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/dfi-retail-groups-share-price-is-close-to-its-52-week-low-can-the-retailer-enjoy-a-rebound/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nInvestors in DFI Retail Group (SGX: D01) have a reason to feel despondent.\nShares of the pan-Asian retailer have lost a third of their ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/dfi-retail-groups-share-price-is-close-to-its-52-week-low-can-the-retailer-enjoy-a-rebound/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6034","symbol_name":"食品零售","start_time":0,"source_url":"https://thesmartinvestor.com.sg/dfi-retail-groups-share-price-is-close-to-its-52-week-low-can-the-retailer-enjoy-a-rebound/","article_id":"2426766612","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2023/09/guardian-DFI-300x200.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426766612","pubTimestamp":1712905200,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Can the pan-Asian retailer see its share price recover this 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enjoy a rebound this year.\nEarnings jumped more than five-fold\nDFI Retail Group released a strong set of earnings for 2023 that saw a sharp rebound in its underlying profit.\nRevenue stayed flat year on year at US$9.2 billion while the group posted a net profit of US$32 million for the year, reversing the net loss of US$115 million in 2022.\nUnderlying net profit, however, shot up more than five-fold year on year from US$29 million to US$155 million for 2023.\nNote: Underlying net profit strips out the effects of non-trading, one-off items and focuses on ongoing business performance.\nThe pan-Asian retailer more than doubled its final dividend from US$0.02 to US$0.05.\n2023’s dividend came in at US$0.08, sharply higher than the prior year’s US$0.03.\nA mixed performance \nIt was a mixed result as we dug into each of DFI Retail Group’s four business divisions.\nThe Food division saw revenue fall 15% year on year to US$3.3 billion, led by intense competition and weakening consumer sentiment caused by high inflation.\nOperating profit for this division plunged by 46% year on year to US$45 million.\nDFI Retail Group’s Home Furnishings division also saw its revenue and operating profit fall by 5% and 27% year-on-year, respectively, to US$794 million and US$19 million.\nIt was not all bad news, though.\nThe group’s Convenience and Health & Beauty divisions performed well, registering year-on-year sales increases of 8% and 21%, respectively.\nHealth & Beauty saw the biggest improvement in operating profit with a 119% year-on-year surge from US$94 million to US$213 million.\nThe Convenience division saw a 37% year-on-year jump in operating profit to US$88 million for 2023.\nLooking over at DFI Retail Group’s key associates, it was also a mixed bag.\nMaxim’s did well with a 23% year on year increase in sales to US$3.1 billion but China’s Yonghui saw sales tumble by 16% year on year to US$10.7 billion.\nEncouraging business developments\nDuring 2023, the group reported encouraging business developments for each of its divisions.\nThe Food division launched a new website and app in the fourth quarter of 2023 (4Q 2023).\nThere was also a partnership with food delivery company Foodpanda in Singapore to strengthen DFI Retail Group’s digital capabilities.\nThe Health & Beauty division continued with its network expansion with the opening of more than 130 new stores last year.\nThe division also upgraded its fulfilment capabilities to support more than 70% of e-commerce order growth in Southeast Asia.\nAs for the Convenience division, the group introduced more than 4,000 new products last year while opening over 300 new stores.\nReady-to-eat meals were launched which helped in broadening the product portfolio.\nDFI Retail Group’s loyalty program yuu now has 4.9 million members in Hong Kong, making up three-quarters of the adult population.\nThere are new partner launches in the pipeline with monetisation plans in place with suppliers.\nYuu Rewards Singapore has over 1.5 million members comprising 30% of the adult population.\nManagement intends to implement analytics to enhance the group’s merchandising decisions.\nExecuting its strategic framework\n\nSource: DFI Retail Group’s 2023 Presentation Slides\nDFI Retail Group is utilising a three-pronged strategic framework as shown above.\nThe first point about putting customers first ensures that the group aligns its store format with customer focus groups.\nManagement will also implement a “digital reset” to achieve better market share across all its markets and drive engagement with its customer base.\nDFI Retail Group also strives to be an employer of choice and will develop and train its staff’s skills.\nDriving shareholder value is also a priority for the group and it plans to invest in organic growth and return cash to shareholders through special dividends and share buybacks.\nGet Smart: Healthy guidance for 2024\nManagement has released a healthy outlook for this year with subsidiaries’ revenue expected to post flat to single-digit year on year growth.\nUnderlying net profit is projected to be in the range of US$180 million to US$220 million, the midpoint of which represents a 29% year-on-year improvement over 2023’s underlying net profit of US$155 million.\nThe retailer has also committed to absolute dividend growth and will focus on reducing debt levels in light of higher interest rates.\nBy the time your child grows up, inflation will have gobbled up their savings. If you not only want to protect their money but also grow it, there are 3 SGX stocks you can consider buying. One has already proven to give a 55.8% dividend pay rise. Get all the details in our latest special FREE report. Just click here.\nDisclosure: Royston Yang does not own shares in any of the companies mentioned.\n\n\n\nYahoo\n]","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":296167385747664,"gmtCreate":1713336446695,"gmtModify":1713336556716,"author":{"id":"3569382039983887","authorId":"3569382039983887","name":"AcidIce","avatar":"https://static.tigerbbs.com/25a5edd325094826cf6e8822874786ab","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Half truth though. If more War breaks out, more destruction, more unemployment, lesser spending &amp; then what right? I still seeing it should go down further until USD$1.55++ then ready for a stronger convincing recovering is likely. Until then wait for it to drop further.","listText":"Half truth though. If more War breaks out, more destruction, more unemployment, lesser spending &amp; then what right? I still seeing it should go down further until USD$1.55++ then ready for a stronger convincing recovering is likely. Until then wait for it to drop further.","text":"Half truth though. If more War breaks out, more destruction, more unemployment, lesser spending & then what right? I still seeing it should go down further until USD$1.55++ then ready for a stronger convincing recovering is likely. Until then wait for it to drop further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296167385747664","repostId":2426766612,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426766612"}