When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DFILF - Dairy Farm: Valuations Becoming Attractive With Restructuring In Progress
Dairy Farm International Holdings Ltd.
Elevator Pitch
I maintain my "Neutral" rating on Singapore-listed pan-Asian retailer Dairy Farm International Holdings Limited (DFIHY) (DFILF) [DFI:SP]. The initial results of the multi-year restructuring program, put in place after Mr. Ian McLeod was appointed as the new CEO of the company in June 2017, have been positive, as evidenced by the company's FY2019 results. However, the current coronavirus outbreak is expected to be a drag on Dairy Farm's earnings with limited visibility in the near-term, so a "Neutral" rating is warranted.