🔴 DFI Retail Group is trading 9% down on Starbucks deal-related earnings concerns

DFI Retail Group is trading at $3.10, down 8.82%, amid concern over a near-term earnings hit from the Starbucks reorganisation and takeover.

• On October 2, DBS lowered its target price to US$4.50 from US$5.00, citing integration costs and lost Maxim’s associate profit.
• DBS forecast a US$43 million FY2027 earnings shortfall.
• The Straits Times Index fell 0.6% on October 2; DFI was its worst-performing constituent, down 8.8%.