DFI Retail Group

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(06-10-2015, 10:31 PM)CityFarmer Wrote:
(06-10-2015, 02:57 PM)Ivan Lu Wrote: Hi sorry,

Just a qn, how does Dairy Farm compare with Sheng Siong? I can't quite understand why SS is doing better than DF. Is it because they are cater to a lower-end more affordable & necessities customer base?

There might be many, but let me highlight only few of them.

The Sheng Siong has found solutions to control its expenses. The rental expenses, is well-managed, by acquiring rather than renting retail stores. The labor cost also was managed well, with its unique human resource policies. The warehouse and distribution center has also helped to keep other expenses well.

Sheng Siong strategy is meeting the targeted customer segment needs, and posing a threat to DF's mid market share e.g. Giants. Sheng Siong still has much room to grow in Singapore, with only 38 stores as in 1H2015, while DF stores are more than hundred in Singapore alone.

SS most efficient in terms of asset turn over when compared to ntuc and DF - since they are smaller hence more nimble i guess. Not sure if this will change now that they are buying over retail stores though.

Think for DF, they are having problems integrating and rebranding shop n save. If I am not wrong, shop n save used to target 'low-end markets' (stand corrected). Now Giant seems to have a bit of identity crisis - target mid market - similar to ntuc fairprice?
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."
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(14-08-2015, 11:41 AM)CityFarmer Wrote:
(14-08-2015, 11:18 AM)pantoo Wrote: price of DairyFarm has taken a hit for the past few weeks.

Can I assume that it is largely due to the devaluation of the Ringgit and Yuan (against the USD), which contributes to a significant part of their profits (i.e. Malaysia and China markets)?

The down-trend of market price, happened way before the RMB and MYR events. The main reason is the biz performance of two key segments, hyper/super-market, and convenience store. The margins have gone down since FY2013. Hyper/supermarket segment margin has gone down from 3.8% in FY2013, to 1.8% in recent 1H report. The convenience store margin also has gone down from 4% to 2.8% in recent 1H report.

(not vested, but monitoring it as competitor of vested Sheng Siong)

Hi cityfarmer,
                    The price seems to be taken a hit recently and went below 6USD. Do you think this is a good buying opportunity? 

Thanks,

oinkoink  Blush
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(16-11-2015, 10:22 PM)oinkoink1999 Wrote:
(14-08-2015, 11:41 AM)CityFarmer Wrote:
(14-08-2015, 11:18 AM)pantoo Wrote: price of DairyFarm has taken a hit for the past few weeks.

Can I assume that it is largely due to the devaluation of the Ringgit and Yuan (against the USD), which contributes to a significant part of their profits (i.e. Malaysia and China markets)?

The down-trend of market price, happened way before the RMB and MYR events. The main reason is the biz performance of two key segments, hyper/super-market, and convenience store. The margins have gone down since FY2013. Hyper/supermarket segment margin has gone down from 3.8% in FY2013, to 1.8% in recent 1H report. The convenience store margin also has gone down from 4% to 2.8% in recent 1H report.

(not vested, but monitoring it as competitor of vested Sheng Siong)

Hi cityfarmer,
                    The price seems to be taken a hit recently and went below 6USD. Do you think this is a good buying opportunity? 

Thanks,

oinkoink  Blush
It's not just MYR, basically emerging markets' been losing against USD for the longest time and looks like it'll continue (with Feds increasing rates) to do so in the near future... 

Don't think there's a similar company (minus Walmart) that improved significantly due to back end "upgrades", and doubt their Chinese venture will have significant growth that outweights the negatives. 

Think this is a classic case of "appears cheap but will be cheaper". 

That being said, I do have vested interests in this co.  as well Tongue
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(16-11-2015, 10:39 PM)piggo Wrote:
(16-11-2015, 10:22 PM)oinkoink1999 Wrote:
(14-08-2015, 11:41 AM)CityFarmer Wrote:
(14-08-2015, 11:18 AM)pantoo Wrote: price of DairyFarm has taken a hit for the past few weeks.

Can I assume that it is largely due to the devaluation of the Ringgit and Yuan (against the USD), which contributes to a significant part of their profits (i.e. Malaysia and China markets)?

The down-trend of market price, happened way before the RMB and MYR events. The main reason is the biz performance of two key segments, hyper/super-market, and convenience store. The margins have gone down since FY2013. Hyper/supermarket segment margin has gone down from 3.8% in FY2013, to 1.8% in recent 1H report. The convenience store margin also has gone down from 4% to 2.8% in recent 1H report.

(not vested, but monitoring it as competitor of vested Sheng Siong)

Hi cityfarmer,
                    The price seems to be taken a hit recently and went below 6USD. Do you think this is a good buying opportunity? 

Thanks,

oinkoink  Blush
It's not just MYR, basically emerging markets' been losing against USD for the longest time and looks like it'll continue (with Feds increasing rates) to do so in the near future... 

Don't think there's a similar company (minus Walmart) that improved significantly due to back end "upgrades", and doubt their Chinese venture will have significant growth that outweights the negatives. 

Think this is a classic case of "appears cheap but will be cheaper". 

That being said, I do have vested interests in this co.  as well Tongue

Thanks piggo. BTW I just saw this article on Seeking Alpha.

Dairy Farm: An Undervalued Asian Retail Giant

Cheers~!

oinkoink
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(16-11-2015, 10:22 PM)oinkoink1999 Wrote:
(14-08-2015, 11:41 AM)CityFarmer Wrote:
(14-08-2015, 11:18 AM)pantoo Wrote: price of DairyFarm has taken a hit for the past few weeks.

Can I assume that it is largely due to the devaluation of the Ringgit and Yuan (against the USD), which contributes to a significant part of their profits (i.e. Malaysia and China markets)?

The down-trend of market price, happened way before the RMB and MYR events. The main reason is the biz performance of two key segments, hyper/super-market, and convenience store. The margins have gone down since FY2013. Hyper/supermarket segment margin has gone down from 3.8% in FY2013, to 1.8% in recent 1H report. The convenience store margin also has gone down from 4% to 2.8% in recent 1H report.

(not vested, but monitoring it as competitor of vested Sheng Siong)

Hi cityfarmer,
                    The price seems to be taken a hit recently and went below 6USD. Do you think this is a good buying opportunity? 

Thanks,

oinkoink  Blush

I prefer SS over DF, thus I didn't do a detail valuation on DF. I will only review DF, based on today fundamentals, when the price is about US$5 per share.  Tongue

(not vested, but monitoring. The view is very preliminary and may not be accurate)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Anyone here thinks they overpaid for yonghui super stores?
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The dividend is given out in US$. How can I have the dividend credited into my account in S$? Do I need to fill any form or to inform CDP on my preference?

Thanks in advance
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(18-01-2016, 03:03 PM)palantir Wrote: The dividend is given out in US$. How can I have the dividend credited into my account in S$? Do I need to fill any form or to inform CDP on my preference?

Thanks in advance

Yes, default is in USD. You need to fill in the form and return it to CDP for if you want it in S$.
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(18-01-2016, 03:06 PM)flanforever Wrote:
(18-01-2016, 03:03 PM)palantir Wrote: The dividend is given out in US$. How can I have the dividend credited into my account in S$? Do I need to fill any form or to inform CDP on my preference?

Thanks in advance

Yes, default is in USD. You need to fill in the form and return it to CDP for if you want it in S$.

Hi flanforever

Where do I get the form from?
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(21-01-2016, 08:03 AM)palantir Wrote:
(18-01-2016, 03:06 PM)flanforever Wrote:
(18-01-2016, 03:03 PM)palantir Wrote: The dividend is given out in US$. How can I have the dividend credited into my account in S$? Do I need to fill any form or to inform CDP on my preference?

Thanks in advance

Yes, default is in USD. You need to fill in the form and return it to CDP for if you want it in S$.

Hi flanforever

Where do I get the form from?
Hi,

Check your mail. CDP will send out before Payment date.
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