DFI Retail Could Buy Assets in Health and Beauty, Convenience Segments -- Market Talk

Dow Jones12-05

0727 GMT - DFI Retail Group could look into acquisitions in its high-growth segments such as health and beauty, and convenience stores, say CGS International analysts Meghana Kande and Lim Siew Khee in a note. Health and beauty acquisitions are likely to be in Indonesia and Vietnam, while convenience-store-related assets in China could attract the retailer, they say. They believe DFI's 25% target leverage ratio gives it funding flexibility to pursue majority-stake acquisitions that could complement its existing formats. The analysts increase their 2026-2027 earnings-per-share estimates by 6%-10% to factor in the company's new growth goals. CGS International raises its target price for DFI to US$4.50 from US$4.00 while maintaining its add rating. Shares rise 3.05% to US$4.05. (megan.cheah@wsj.com)

 

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December 05, 2025 02:27 ET (07:27 GMT)

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