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Dairy Farm's food and health & beauty divisions facing challenges

PC Lee
PC Lee10/8/2018 08:20 AM GMT+08  • 2 min read
Dairy Farm's food and health & beauty divisions facing challenges
SINGAPORE (Oct 8): Dairy Farm will find it difficult to show decent improvement in its food division margins in 2H18 given flattish growth in the supermarket industry, rising rental rates in Hong Kong as well as store closures in Singapore, according to 
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SINGAPORE (Oct 8): Dairy Farm will find it difficult to show decent improvement in its food division margins in 2H18 given flattish growth in the supermarket industry, rising rental rates in Hong Kong as well as store closures in Singapore, according to RHB Research.

An unofficial Facebook post suggested that seven Giant supermarket outlets in Singapore could be closed, reported RHB.

Of these, two at Junction 10 and Jalan Tenteram have already been closed while the Vivocity outlet is officially slated to shutter early next year.

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