Latest news with #YonghuiSuperstores
Business Times
23-07-2025
- Business
- Business Times
DFI Retail Group jumps 12.7% to three-year high on H1 profit growth
[SINGAPORE] Shares of DFI Retail Group climbed in early trade on Wednesday (Jul 23) morning, after the supermarket and retail store operator posted a rise in underlying profit for H1. As at 9.02 am, the counter rose to US$3.56, its highest price in more than three years. This was 12.7 per cent or US$0.40 above its Tuesday closing price of US$3.16, with around 837,000 shares changing hands. The last time it traded above S$3.56 was in November 2021, ShareInvestor data showed. By 9.59 am, it eased to US$3.44 – still higher than Tuesday's closing price by 8.9 per cent or US$0.28 – with around two million shares changing hands. On Tuesday, DFI Retail announced that its underlying profit increased 38.9 per cent to US$105 million for its first half ended Jun 30, from US$75.6 million in the year-ago period. This came despite half-year revenue inching down to US$4.39 billion from US$4.4 billion previously. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The group attributed the profit growth to lower financing costs and an improved showing in its associates, as well as its health and beauty, and food segments. Sales in DFI's health and beauty segment grew 4 per cent on the year to US$1.3 billion, and profit grew 8 per cent to US$109 million on a like-for-like basis. The group's share of Maxim's and Robinsons Retail's underlying profits grew to US$14 million and US$18 million, respectively, which also contributed to the increase. Several divestments boosted its performance. Underlying profit of the group's associates rose year on year to US$30 million from US$3 million, after accounting for its divestment of Chinese supermarket operator Yonghui Superstores, which was completed in February. Divestment of DFI Retail's minority stakes in Yonghui Superstores and Robinsons Retail, completed in H1, yielded total gross proceeds of about US$900 million. The group's US$93 million sale of its Singapore food business, comprising Cold Storage and Giant stores, to Malaysian conglomerate Macrovalue is set to be complete in H2 2025.
Business Times
22-07-2025
- Business
- Business Times
DFI Retail Group posts 38.9% rise in H1 underlying profit, pays special dividend of US$0.443 a share
[SINGAPORE] Supermarket and retail store operator DFI Retail Group's underlying profit rose 38.9 per cent to US$105 million for the first half ended Jun 30, from US$75.6 million in the same period the year before. This comes even as half-year revenue inched down to US$4.39 billion from US$4.4 billion in the previous corresponding period. DFI on Tuesday (Jul 22) attributed the profit growth to lower financing costs and an improved showing in its associates, as well as its healthy and beauty, and food segments. After accounting for the divestment of Chinese supermarket operator Yonghui Superstores, which was completed in February, underlying profit of the group's associates was US$30 million, up from US$3 million in the year-ago period. The increase was also due to higher contributions from both Maxim's and Robinsons Retail. The group's share of Maxim's and Robinson Retail's underlying profits grew to US$14 million and US$18 million, respectively. Sales in DFI's health and beauty segment grew 4 per cent on the year to US$1.3 billion and profit grew 8 per cent to US$109 million on a like-for-like basis. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The bottom line of the group's food division grew 14 per cent on the year to US$24 million on a like-for-like basis. This was despite a marginal drop in its revenue to US$1.5 billion, excluding the impact of the divestment of the Hero Supermarket business in Indonesia last year. Underlying earnings per share stood at US$0.0779 for the period, up from US$0.0562 a year ago. 'Our ongoing portfolio evolution enables us to prioritise capital on high-margin businesses and growth initiatives, while providing strategic flexibility for inorganic opportunities,' said the group. In the first quarter, the group completed the divestment of its minority stakes in Yonghui Superstores and Robinsons Retail, generating total gross proceeds of about US$900 million. The group is also selling its Singapore food business to Malaysian retail and investment conglomerate Macrovalue for about US$93 million. As a result, the group has declared a special dividend of US$0.443 per share. This is on top of an interim dividend of US$0.035 per share, unchanged from the previous year. Both will be paid on Oct 15. However, after including non-trading items, the group would have made a loss of US$37.6 million in H1 FY2025, as opposed to a profit of US$95.1 million in the year-ago period. Loss per share would then be US$0.0279 in the recorded period, reversing from an earnings per share of US$0.0707. DFI noted that it expects underlying profit to be between US$250 million and US$270 million in 2025. 'Despite a more cautious revenue outlook, the group expects to deliver stronger profitability through enhanced operational efficiency and disciplined cost management,' said DFI. It also expects 0.5 to 1 per cent growth in revenue for the full year, reflecting broader economic uncertainty and a sharper-than-expected decline in cigarette sales. Shares of DFI ended Tuesday 1 per cent or US$0.03 higher at US$3.16.
Business Times
22-07-2025
- Business
- Business Times
DFI Retail Group posts 38.9% rise in H1 underlying profit
[SINGAPORE] Supermarket and retail store operator DFI Retail Group's underlying profit rose 38.9 per cent to US$105 million for the first half ended Jun 30, from US$75.6 million in the same period the year before. This comes even as half-year revenue inched down to US$4.39 billion from US$4.4 billion in the previous corresponding period. DFI on Tuesday (Jul 22) attributed the profit growth to lower financing costs and an improved showing in its associates, as well as its healthy and beauty, and food segments. After accounting for the divestment of Chinese supermarket operator Yonghui Superstores, which was completed in February, underlying profit of the group's associates was US$30 million, up from US$3 million in the year-ago period. The increase was also due to higher contributions from both Maxim's and Robinsons Retail. The group's share of Maxim's and Robinson Retail's underlying profits grew to US$14 million and US$18 million, respectively. Sales in DFI's health and beauty segment grew 4 per cent on the year to US$1.3 billion and profit grew 8 per cent to US$109 million on a like-for-like basis. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The bottom line of the group's food division grew 14 per cent on the year to US$24 million on a like-for-like basis. This was despite a marginal drop in its revenue to US$1.5 billion, excluding the impact of the divestment of the Hero Supermarket business in Indonesia last year. Underlying earnings per share stood at US$0.0779 for the period, up from US$0.0562 a year ago. 'Our ongoing portfolio evolution enables us to prioritise capital on high-margin businesses and growth initiatives, while providing strategic flexibility for inorganic opportunities,' said the group. In the first quarter, the group completed the divestment of its minority stakes in Yonghui Superstores and Robinsons Retail, generating total gross proceeds of about US$900 million. The group is also selling its Singapore food business to Malaysian retail and investment conglomerate Macrovalue for about US$93 million. As a result, the group has declared a special dividend of US$0.443 per share. This is on top of an interim dividend of US$0.035 per share, unchanged from the previous year. Both will be paid on Oct 15. However, after including non-trading items, the group would have made a loss of US$37.6 million in H1 FY2025, as opposed to a profit of US$95.1 million in the year-ago period. Loss per share would then be US$0.0279 in the recorded period, reversing from an earnings per share of US$0.0707. DFI noted that it expects underlying profit to be between US$250 million and US$270 million in 2025. 'Despite a more cautious revenue outlook, the group expects to deliver stronger profitability through enhanced operational efficiency and disciplined cost management,' said DFI. It also expects 0.5 to 1 per cent growth in revenue for the full year, reflecting broader economic uncertainty and a sharper-than-expected decline in cigarette sales. Shares of DFI ended Tuesday 1 per cent or US$0.03 higher at US$3.16.
Yahoo
12-06-2025
- Business
- Yahoo
5 Singapore Stocks at 52-Week Highs: Sell, Hold or Buy More?
You must admit it's a happy problem to have when your stock hits a 52-week high. The surge in the share price may signal that the business is improving and reporting higher profits, free cash flow, and dividends. But what should you do now? Is it better to sell the stock and to another, hold it for more upside, or to buy even more if the business continues to grow? This decision will depend on the attractiveness of the company and whether it has the potential to continue doing well in the long term. We highlight five Singapore stocks that recently hit their 52-week highs, and you can decide if you should buy more, hold, or sell them. DFI Retail Group is a pan-Asian retailer operating around 7,700 outlets and employing over 85,000 people as of 31 May 2025. The retailer's share price has shot up almost 20% year-to-date (YTD) and recently hit its 52-week high of US$2.84. DFI Retail Group released its interim management statement for the first quarter of 2025 (1Q 2025). For 1Q 2025, underlying subsidiary sales were 1% lower year on year, but underlying profit shot up 28% year on year once divestments are excluded. The group is evolving its portfolio to focus more on high-growth, high-margin businesses. To this end, it announced the sale of its Singapore Cold Storage and Giant stores back in March 2025 for S$125 million. In February, DFI Retail also completed the sale of its stake in Yonghui Superstores, netting proceeds which were used to pay down US$617 million of debt. Because of this, the retailer ended the quarter in a net cash position of US$127 million. Boustead Singapore, or BSL, is a conglomerate with four divisions – energy engineering, real estate, geospatial technology, and healthcare. Boustead's share price has risen 21.4% YTD to hit its 52-week high of S$1.25. The conglomerate reported a mixed set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025. Revenue plunged 31% year on year to S$527.1 million as the group carried a much lower order book at the end of FY2024. However, gross profit improved by 3% year on year to S$233.3 million because of effective cost control. Net profit after adjusting for one-off items rose 8% year on year to S$68.6 million. In light of the improved profit, BSL declared a final dividend of S$0.04 and a special dividend of S$0.02, taking its FY2025 total dividend to S$0.075. VICOM is a leading test and inspection centre for vehicles, and the group also performs non-vehicle testing in areas such as biochemical, mechanical, and non-destructive testing. VICOM's share price has climbed steadily in recent months to hit its 52-week high of S$1.46, and is up nearly 10% YTD. The test and inspection firm reported a commendable set of earnings for 1Q 2025. Revenue jumped 19% year on year to S$33.3 million, aided by the installation of on-board units (OBUs) for the electronic road pricing 2.0. A total of 53,000 OBUs were installed in 1Q 2025 compared with 35,000 in the previous corresponding quarter. Operating profit increased by 8.7% year on year to S$9 million while net profit improved by 7.5% year on year to S$7.5 million. VICOM also churned out a positive free cash flow of S$4.5 million for the quarter. Sabana REIT owns a diversified portfolio of 18 properties in Singapore with total assets under management of around S$1 billion as of 31 December 2024. The industrial REIT's unit price shot up 11.1% YTD and hit its 52-week high of S$0.41 recently. The REIT reported a sturdy set of results for 1Q 2025 with gross revenue rising 4.6% year on year to S$29.1 million. The better results were because of higher occupancy at a multi-tenanted building, coupled with positive rental reversions across the portfolio. Net property income climbed 22% year on year to S$16 million, and distributable income per unit surged 26.5% year on year to S$0.0086. Occupancy improved slightly quarter-on-quarter to 86.4%, and the REIT continued to log a strong positive rental reversion of 15.3% for 1Q 2025. Hongkong Land Holdings, or HKL, is a property development, management, and investment group. The group's real estate footprint spans more than 830,000 square metres of property in Hong Kong, Singapore, and Shanghai. HKL's share price has risen almost 25% YTD to hit its 52-week high of US$5.54. Back in October 2024, the property group announced a strategic review to unlock value for shareholders and double its dividend by 2035. For its 1Q 2025 business update, management announced the sale of office floors and selected office space of One Exchange Square in Hong Kong for around US$810 million. This transaction means that the group has secured 30% of its target to recycle at least US$4 billion of capital by the end of 2027. In the longer term, HKL aims to recycle up to US$10 billion of capital over 10 years. The group's underlying profit for 1Q 2025 remained flat year on year and had net gearing of 16% with committed liquidity of US$3.2 billion. For Singapore, rental reversions were positive and on a committed basis, vacancy remained very low at just 0.8%. Ready to discover the next $100 billion stock? Our newest FREE report dives deep into five popular SGX companies that many say are the next big thing. Read our team's findings to guide your investment strategy. Click the link here to download now. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of VICOM and Boustead Singapore. The post 5 Singapore Stocks at 52-Week Highs: Sell, Hold or Buy More? appeared first on The Smart Investor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
19-05-2025
- Business
- Business Times
DFI Retail Group's Q1 underlying profit falls 18% on sale of Chinese supermarket
[SINGAPORE] DFI Retail Group's underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last year. The Chinese supermarket operator contributed US$23 million in earnings in the corresponding period a year ago. Excluding the divestment, the underlying profit of the mainboard-listed group rose 28 per cent for Q1 compared with a year ago. DFI Retail Group said in a bourse filing on Monday (May 19) that it continues to expect its underlying profit for FY2025 to be between US$230 million and US$270 million, supported by an organic revenue growth of about 2 per cent. The group's underlying subsidiary sales for Q1 of FY2025 were stable on a like-for-like basis, with strong performance in the health and beauty segment offset by lower contributions from other divisions. The underlying subsidiary sales exclude the impact of Hong Kong's cigarette tax and the divestment of its Hero Supermarket business in Indonesia. Within its home market of Hong Kong, the group saw its like-for-like sales down by 2 per cent for Q1, compared with a year ago. The group noted that growth in the market 'slowed noticeably' in Q1, even as cross-border travel between Hong Kong and China has continued. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Operating performance Sales in DFI Retail Group's health and beauty division for Q1 were up 4 per cent compared to a year ago, with all operating markets reporting positive like-for-like sales growth. Pharmacy chain Guardian continued to deliver strong performance across key markets, particularly in Indonesia, which achieved double-digit growth in both like-for-like sales and profit. However, like-for-like sales in its convenience division fell 6 per cent year-on-year. Cigarette sales slowed after a tax increase was imposed on cigarette sales in Hong Kong last February. Overall, non-cigarette sales on a like-for-like basis were down 2 per cent compared with Q1 2024. Similarly, DFI Retail Group's food division reported marginally lower sales this quarter. Sales in this division remained largely stable year on year in the Hong Kong market due to growth from omnichannel sales. The division posted a 14 per cent year-on-year increase, supported by growth in its Singapore food business. The group said that its home furnishings division reported a significant recovery in its underlying profit despite intense competition. This was due to effective cost control measures across markets. For example, Ikea Hong Kong is strengthening its omnichannel proposition to compete better with digital players from mainland China, while Ikea Indonesia remains focused on expanding its sales through digital channels. 'The group believes that Ikea remains well-positioned to capitalise on a recovery in demand for home furnishings when market conditions improve, given its strong brand equity and commitment to consumer protection and product safety,' it said. DFI Retail Group added that the divestment of its food business in Singapore, which includes the Cold Storage, CS Fresh, Jason's Deli and Giant brands, will be completed by the end of 2025 and will strengthen the group's balance sheet. The counter closed US$0.04 or 1.5 per cent lower at US$2.69 before the announcement on Monday.
