DFI Retail Group shares up 5.6% after rise in Q3 underlying profit
Conglomerate has also committed to lifting its dividend payout ratio from 70% in FY2026 to 80% in FY2027
DFI Retail Group shares experienced a 5.6% increase following a surge in Q3 underlying profit for the quarter ending September 30. The retail conglomerate reported a 17% year-on-year rise in underlying profit, bringing its opening price to US$3.40 before reaching US$3.57 by 9.43 am. The stock saw a trading volume of 536,699 shares, valued at US$1.9 million.
DFI also announced an upward revision of its full-year underlying earnings guidance, projecting between US$295 million and US$305 million, with the lower limit increasing from US$285 million. Additionally, the company pledged to raise its dividend payout ratio from 70% in FY2026 to 80% in FY2027. DFI Retail Group's move to assume Maxim's interest in the Starbucks licensed business has received positive feedback from analysts.
Financial institutions such as DBS Group Research and CGS International maintain a favorable outlook on the company, with CGSI maintaining an "add" recommendation and a target price of US$5.50. DBS Group Research reiterated its "buy" call with an unchanged target price of US$4.50.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Shinhan Financial Group Q3 net profit up 10.9% to $1.2 bil. koreatimes.co.kr
