RHB lifts DFI Retail Group target price to $5.23 on strong core margin
RHB analyst Alfie Yeo keeps a buy rating on DFI Retail Group and raises his target price to US$5.23 after stronger-than-expected third-quarter results.
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what happened
According to Market Talk, RHB Research analyst Alfie Yeo sees an upbeat medium-term earnings path for DFI Retail Group and keeps his bullish stance on the retailer's stock. The company's third-quarter core margin came in above expectations, and DFI also lifted the bottom end of its 2026 core earnings guidance. The group runs brands across food and beverage, health and beauty, and convenience formats.
Yeo raised his 2026 to 2028 earnings estimates by 3% to 6% and lifted his target price for the Singapore-listed shares to US$5.23 from US$4.93. RHB keeps its buy rating. At the time of the report, the shares were up 5.0% at US$3.55.
why it matters
The key point is that earnings forecasts are rising, not only the target price, which supports sentiment around the stock. Still, this reflects one brokerage's view rather than a shift across the sector, so investors will watch whether the company confirms its guidance in coming quarters.
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sources
- DFI Retail Group's Medium-Term Earnings Path Appears Upbeat — Market Talk, 27 October 2026 at 02:46 UTC
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