Dairy Farm International
Price targets:
US$4.70 UPGRADE BUY (DBS Group Holdings)
US$5.05 HOLD (HSBC Global Research)
US$4.38 REDUCE (CGS-CIMB Research)
US$5.05 NEUTRAL (RHB Group Research)

Despite the doom and gloom as additional safe distancing measures are put in place amid the escalating Covid-19 outbreak, there is good reason to believe that grocery retail businesses are likely to emerge as one of the few beneficiaries of the crisis.

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