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DFIHY - Dairy Farm: Restructuring Program Continues Despite COVID-19 Headwinds
Dairy Farm International Holdings Ltd. ADR
Elevator Pitch
I maintain a Neutral rating on Singapore-listed pan-Asian retailer Dairy Farm International Holdings Limited (OTCPK:DFIHY) (OTCPK:DFILF) [DFI:SP].
This is an update of my prior article on Dairy Farm published on March 19, 2020. Dairy Farm's share price has increased slightly by +5% from $4.01 as of March 18, 2020 to $4.21 as of August 17, 2020 since my last update. Dairy Farm trades at 22.3 times consensus forward FY 2020 P/E, and it offers a consensus forward FY 2020 dividend yield of 3.7%.