0434 GMT - DFI Retail Group's shares are set to rise on its medium-term growth prospects and continued business development, Citi's research team says in a note. The multiformat retailer, which operates brands across food, health and beauty and convenience stores, targets 2028 underlying net profit of US$310 million to US$350 million, exceeding Citi analysts' expectations. The retailer's 2025-2028 strategy includes store-network expansion through an asset-light franchise model and the launch of new concept stores, which the analysts describe as key growth drivers. Citi sees possible upside to this guidance through merger and acquisition opportunities. The bank raises its target price to US$4.30 from US$3.90 and maintains a buy rating. The analysts open a 30-day positive catalyst watch on the stock. Shares rise 4.1% to US$3.82. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
December 03, 2025 23:34 ET (04:34 GMT)
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