0124 GMT - DFI Retail Group Holdings appears on track to achieve its 2026 targets, RHB Research's Alfie Yeo says in a research report. Its 1Q performance is in line with RHB Research's estimates, with 2026 earnings guidance of US$270 million-US$300 million and 70% dividend payout ratio policy remaining unchanged. The Asian retailer's store network and margins are expected to expand, given its commitment to reduce selling, general and administrative expenses to 1.1% of sales by 2028 via cost optimization, offshoring, and outsourcing. RHB Research raises the stock's target price to US$5.03 from US$4.75 to reflect a valuation roll-over, with an unchanged buy rating. Shares are 0.9% lower at US$4.24. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 21:24 ET (01:24 GMT)
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