Home Capital Broker's Calls

What does Hong Kong’s recovery mean for Dairy Farm?

Gwyneth Yeo
Gwyneth Yeo1/12/2017 10:32 AM GMT+08  • 2 min read
What does Hong Kong’s recovery mean for Dairy Farm?
SINGAPORE (Jan 12): Dairy Farm International’s core business in Hong Kong could be set for a recovery, and for that, RHB Research has maintained its “buy” recommendation on the stock. Hong Kong contributes between 40% and 45% to Dairy Farm’s overa
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 12): Dairy Farm International’s core business in Hong Kong could be set for a recovery, and for that, RHB Research has maintained its “buy” recommendation on the stock. Hong Kong contributes between 40% and 45% to Dairy Farm’s overall group revenue.

In 2016, retail sales in Hong Kong was impacted by lower spending by Mainland Chinese tourists, but is likely to improve after mainland Chinese tourist arrivals ticked up from November 2016.

“We believe this bodes well for its business at Mannings in 2017,” said the RHB Singapore research team in a note on Thursday.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.