I’m usually more biased towards food and beverage companies because I see them as an extremely resilient industry. Think of it this way, during the circuit breaker period last year, the only businesses which could remain open were essential businesses such as supermarkets, convenience stalls, and restaurants (all of which Dairy Farm Group operates). As the situation got better, we saw companies such as Sheng Siong handing out massive bonuses to their employees, which is by and large an indication that they did well during that period. I had expected that Covid-19 would be a positive catalyst for Dairy Farm International Holdings Limited (DFI) and for a very short period of time, the price action did see some bullish momentum. However this momentum was unable to gain traction as overtime, DFI’s share price was unable to break its bearish trend. At the time of this writing, DFI is trading at an almost 10-year low of $3.50, which greatly puzzles me. The technical data couldn’t be any clearer...