SINGAPORE (Mar 25): With the escalating Covid-19 outbreak and more social distancing restrictions in place, there is good reason to believe that grocery retail stocks are rare beneficiaries of the situation. 

Analysts at DBS Group Research believe that supermarket sales will continue to rise as customers are forced to spend more time at home. In fact, random instances of panic buying are also likely to emerge, which will further bolster these stocks. 

In a Wednesday report, DBS analyst Alfie Yeo believes that Dairy Farm International (DFI) is one stock to watch. With its share price having plunged some 22% since Mar 6, Yeo attests that the counter is now not only “attractively valued”, but also has a dividend yield of more than 5% with a low risk of a dividend per share (DPS) cut.  

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