Dairy Farm (D01.SG) heads higher as investors digest recent solid FY09 results; shares gain 5.3% at US$6.54 ($9.15) with resistance at 2009’s highest close of US$6.90.
Food retailer’s underlying net profit gained 14% on-year at US$364 million, as company says core business of “selling goods that meet the everyday needs of Asian customers” again proved resilient amid challenging economic conditions, with prospects for coming year remaining “positive”.
