Dairy Farm reported Thursday its 3Q19 combined sales, including associates and JVs, were up on-year, mainly on the investment in Robinsons Retail in late 2018.
The protests in Hong Kong will “dull” Dairy Farm’s outlook, with retail sales in the protectorate taking a hit, RHB said in a note Monday.
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.
Dairy Farm International reported Thursday its 1H19 net profit was nearly flat on-year at US$178.0 million amid an ongoing restructuring program.
Daiwa cut its earnings forecasts for supermarket operator Dairy Farm International, pointing to “pressing operational challenges” and store closures.
RHB downgraded Dairy Farm to Neutral from Buy after the recent share price rally, and amid escalating uncertainty over the ongoing U.S.-China trade war.
Supermarket operator Dairy Farm said Wednesday sales and profit in Southeast Asia were impacted by the beginning of the company’s store-consolidation plan.
Daiwa downgraded Dairy Farm from Buy to Hold, saying earnings were “disappointing,” and the supermarket operator faced a longer-than-expected recovery.
These are Singapore companies which may be in focus on Friday, 1 March 2019: City Developments, Yangzijiang, Dairy Farm and Halcyon Agri.
Supermarket operator Dairy Farm reported Thursday its 2018 net profit dropped 77% after a restructuring charge for the Southeast Asia food business.
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