Dairy Farm International

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  • #15482

    Questions

    Who are the regional competitors for Dairy Farm? Can you share your view about high P/B of Diary Farm? 6.48?

     

    – Asked by a participant during Weekly Market Outlook (19 Mar 2018)

    #15483

    Research Department

    Thank you for the questions!

    Some regional competitors for

    (a) Food: Sheng Siong, Sun Art Retail, Matahari Putra Prima, Puregold Price Club, and FamilyMart;

    (b) Health & Beauty: Sa Sa International

    (c) Home Furnishing: Siam Global House

    (d) Restaurant: Tsui Wah
    Drivers behind Dairy Farm’s high P/B: High ROE at 23.8x in FY17 as well as expected earnings growth in FY18.

    – Soh Lin Sin, Investment Analyst 

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