DFI Retail Group could have a 'reasonably meaningful transaction gain' from its Singapore food business' sale, UOB Kay Hian analyst Adrian Loh writes in a note.
The sale was unsurprising, given the Asian retailer's various divestments in the segment in China, Indonesia and Malaysia over the last two years, he says.
With the sale proceeds of S$125 million, the company could continue paying down its debt and potentially deliver higher-than-expected dividends, Loh says.
However, he retains his 2025 total dividend per share forecast of $0.103. UOB KH maintains the stock's buy rating and target price of $2.80.
Shares are up 1.7% at $2.43.
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