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Jumbo
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Everyday
Elite |
21-Dec-2021 19:21
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JUMBO BRINGS SLAKE FROM OPERA ESTATE TO THE RIVERWALK AND OPENS TWO NEW KOK KEE WONTON NOODLE STALLS IN SINGAPORE &bull JUMBO transformed outlet at The Riverwalk into new home for Slake &ndash a homegrown modern Southeast Asian concept Added two new Kok Kee Wonton Noodle (&ldquo Kok Kee&rdquo ) stalls in Jurong West and Punggol on 13 December and 21 December 2021 respectively Continued demonstration of strategy to pivot towards concepts which are more accessible and affordable, to entrench in the daily lives of Singaporeans Singapore, 21 December 2021 &ndash JUMBO Group Limited (&ldquo JUMBO&rdquo or the &ldquo Company&rdquo and, together with its subsidiaries, the &ldquo Group&rdquo ), one of Singapore&rsquo s leading multi-dining concept food and beverage (&ldquo F& B&rdquo ) establishments, is pleased to announce the addition of a new concept, Slake, to its portfolio of restaurants and the opening of two additional Kok Kee stalls in Singapore, bringing the brand&rsquo s network to six outlets, strategically located across various parts of Singapore. JUMBO has brought Slake, the ambitious homegrown modern Southeast Asian restaurant by selfprofessed food enthusiast, Jeremy Cheok, from the Opera Estate neighbourhood to the city-centre at The Riverwalk. The new concept opened its door to customers on 8 December 2021, presenting a menu peppered with culinary creativity for an epic Southeast Asian feast. Originally a JUMBO Seafood outlet, the Group converted the space into a venue for gatherings and celebrations, offering a relaxed and fun ambience to dine and wine. The outlet has a seating capacity of 93, with an option of indoor and outdoor dine-in. Must try items include Slake&rsquo s signature dishes such as Chye Poh Fries, Charred Gula Melaka Brussel Sprouts and Charcoal Grilled Seafood Platter, and the house special cocktail, Chilli Crabby Mary. Separately, the Group is also on track with its plans to open more Kok Kee stalls in Singapore. The new stall located at 301 Punggol Central, #01-06, Stall 5, Singapore 820301 started operations on 13 December 2021, while another, housed within the newly revamped Kopitiam in Jurong Point, 1 Jurong West Central 2, #03-42, Singapore 648886, officially open today. The continued expansion of Kok Kee&rsquo s network on the island is a demonstration of the Group&rsquo s strategic plan to bring day-to-day concepts to more accessible locations for Singaporeans. Kok Kee was acquired by the Group in December 2020. Known for its springy noodles in special lard-based sauce, soup dumplings and crispy wontons, the flagship store at Foch Road continues to draw hundreds of supporters daily. Standardisation of processes and centralised production of certain products at the Central Kitchen have facilitated the Group in extending the operating hours at the flagship store, and the opening of five new outlets within a year, with consistent food quality maintained across all outlets. Full details in Sgx Co Announcement https://links.sgx.com/FileOpen/JUMBO_Press_Release_Opening_of_Slake_and_Two_New_Kok_Kee_Wonton_Noodle_Stalls.ashx?App=Announcement& FileID=695146 |
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Joelton
Supreme |
25-Nov-2021 09:46
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Jumbo reports net loss for FY2021
Jumbo Group announced a net loss of $11.8 million in FY2021, for the 12 months to Sept 30. The poor performance was blamed on Covid. Revenue declined by 16.2% or $15.8 million, from $97.6 million inFY202 to to $81.8 million in FY2021.
After adjusting for non-cash items, the company registered a positive Ebitda of $5.7 million for FY2021, albet lower than the $8.0 million recorded for FY2020. No dividends will be paid for FY2021. Liquidity will be conserved to support working capital requirements and carefully assessed growth investments and developments, Jumbo says in a statement.. Moving into FY2022, Covid continues to impose uncertainty on Jumbo' s operating environment.
Pressure on the bottom line will continue to persist, with the Singapore Government&rsquo s support such as the Jobs Support Scheme tapering off, landlords&rsquo rental rebates declining, and meaningful cost optimisation efforts maximised, the company says in a statement.
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PhillipTan
Supreme |
28-Sep-2021 11:38
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Jumbo opens Tsui Wah outlet at Changi Airport amid Covid-19 restrictionsSeafood restaurant operator Jumbo Group on Monday said it has opened a new Tsui Wah outlet at Jewel Changi Airport.The new outlet, which occupies a total floor area of close to 3,240 square feet, has a maximum seating capacity of 123 seats for indoor dining. However, with current social distancing measures, the available seating is capped at 88 seats. Separately, Jumbo said its outlet at The Heeren, which had been closed since December last year, will be scheduled to reopen in November. |
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PhillipTan
Supreme |
21-Sep-2021 05:16
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Jumbo Seafood opens outlet in Universal BeijingFOOD & beverage (F& B) company Jumbo Group announced that it has officially opened its second Jumbo Seafood outlet in Beijing at the Universal Studios' Beijing resort in a regulatory filing on Monday evening.It is also the group' s eighth Jumbo Seafood restaurant in China and its 17th across Asia. The newly-opened outlet is located at the Universal CityWalk complex and occupies an area of approximately 1,026 square metres, with an indoor seating capacity of 229 and an outdoor seating capacity of 36. The restaurant also features two private rooms that can seat up to 22 patrons. Jumbo group' s executive director and group chief executive officer Ang Kiam Meng said that that company is " truly excited" to be associated with the Universal Studios brand and that the location of the restaurant within the park would make it more accessible to the theme park' s visitors. " We certainly look forward to bringing Singapore cuisine to the world with the opening of this latest Jumbo Seafood restaurant," he said. Response to Universal Beijing Resort' s opening was strong on Monday, with all 10,000 of its entry tickets being sold out in three minutes in a pre-sale on Sept 14 according to Trip.com group. Shares of Jumbo group closed at 29.5 Singapore cents, down 0.5 cent or 1.7 per cent on Monday before the announcement. |
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pkli899
Supreme |
28-May-2021 11:13
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Aiyo, wrong thread la. Jumbo IPO, not Jumbo Seafood.
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Joelton
Supreme |
28-May-2021 10:17
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GlobalFoundries taps Morgan Stanley for jumbo IPO
GlobalFoundries is working with Morgan Stanley on an initial public offering that could value the chipmaker at about US$30 billion, according to a person familiar with the matter.
No final decision has been made and the company&rsquo s plans could change, said the person, who asked to not be identified because the matter isn&rsquo t public.
GlobalFoundries is backed by Abu Dhabi sovereign fund Mubadala Investment Co. Mubadala had started preparations for a US IPO of the company and is in discussions with potential advisers, Bloomberg News reported in April.
GlobalFoundries was created when Mubadala bought Advanced Micro Devices&rsquo s manufacturing facilities in 2009 and later combined them with Singapore&rsquo s Chartered Semiconductor Manufacturing.
A representative for GlobalFoundries declined to comment. Mubadala didn&rsquo t respond to a request to its general inquiry email outside regular business hours while a representative for Morgan Stanley didn&rsquo t immediately have a comment.
The chipmaker is coming to market as numerous industries complain they can&rsquo t get enough semiconductor supply and governments across the globe gear up to provide financial support for expansions in production.
GlobalFoundries&rsquo biggest rivals, Taiwan Semiconductor Manufacturing Co and Samsung Electronics, are struggling to keep up with demand for outsourced chipmaking demand.
The Philadelphia Stock Exchange Semiconductor Index has been on a tear, tripling since 2016.
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Joelton
Supreme |
18-May-2021 09:51
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Jumbo to open new F& B outlets for Tsui Wah and Kok Kee brands even as Covid-19 restrictions bite
JUMBO Group announced on Monday that it will be opening two new food and beverage (F& B) outlets for its brands Tsui Wah and Kok Kee Wanton Noodle, even in the midst of Singapore' s current Covid-19 restrictions where dining-in is not allowed so as to stem the growing number of Covid-19 community cases.
The new Tsui Wah outlet is located at Jem in Jurong East, and occupies a total floor area of approximately 3,000 square feet. The outlet has a maximum seating capacity of 134 seats, which will be available for indoor dining when the heightened Covid-19 measures are relaxed. Currently, this new outlet will provide delivery and takeaway services for all items on the menu.
Founded in Hong Kong, Tsui Wah is a cha chaan teng (local tea restaurant) offering Hong Kong dishes. It has more than 50 outlets, spanning mainland China, Hong Kong, Macau and Singapore.
Jumbo manages the Tsui Wah outlets in Singapore under the franchise arrangement via Vista F& B Services, a joint venture between Tsui Wah Holdings Limited and Jumbo.
Separately, a second Kok Kee stall will be opening at the Rasapura Masters food court in The Shoppes at Marina Bay Sands on or about May 18. This is the first Kok Kee stall to be opened since Jumbo acquired Kok Kee in December 2020.
Jumbo Group has a portfolio of seven F& B brands in total - Jumbo Seafood, Hack It, Ng Ah Sio Bak Kut Teh, Zui Teochew Cuisine, Chao Ting Pao Fan, Kok Kee Wanton Noodle and Xinyao Hainanese Chicken Rice.
Jumbo' s announcement comes as Singapore embarked on a month-long ban on dining out starting May 16. This is expected to be a setback to F& B operators, especially for those that had recently opened or expanded with new outlets.
Even so, under the Jobs Support Scheme (JSS), the government will raise its wage support for F& B establishments to 50 per cent, up from 10 per cent.
To support hawkers and coffee shop stallholders who are self-employed and do not benefit from the JSS, the government will waive one month of rent for hawker stall and coffee shop tenants of government agencies.
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Joelton
Supreme |
04-May-2021 08:25
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Jumbo Group board issues loss guidance for upcoming H1 2021 results amid virus woes
CATALIST-LISTED seafood restaurant operator Jumbo Group warned on Monday of an expected net loss for the first half-year to March 31.
The board blamed the impact of the " long-drawn Covid-19 pandemic" , especially in its home market of Singapore, in a profit guidance on Monday.
" Despite efforts to rationalise overheads and operating costs, and year-on-year improvement in the performance of the group' s business in the People' s Republic of China, the decline in the group' s revenue from its Singapore' s business eclipsed the aforementioned positives," the directors said, citing " persistently muted footfall" at its outlets in Singapore.
Still, based on group balance sheet and liquidity, the board disclosed that Jumbo does not face imminent difficulty in meeting working capital needs. More details will be available in financial results slated for release by May 14.
Jumbo most recently reported a full-year net loss of S$8.17 million in 2020, a sharp U-turn from the profit of S$11.67 million in the year prior.
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Joelton
Supreme |
12-Feb-2021 11:52
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Jumbo taps hawker scene to diversify income and adapt to new dining habits
This will accelerate breakthrough into local mass segment amid ongoing pandemic restrictions, says group CEO
AS THE current business environment remains challenging for restaurants, food and beverage (F& B) player Jumbo Group has expanded to tap into opportunities in the local hawker scene that come with lower operating costs and a wider market segment.
The group made headlines in November 2020 for its proposed acquisition of a 75 per cent interest in popular dumpling noodle stall Kok Kee Wanton Noodle for S$2.1 million in cash and shares, marking its first inorganic expansion since 2015.
In January, its indirect wholly owned subsidiary entered into a joint venture (JV) agreement with The Art of Mee Pok to run outlets selling Teochew fishball, minced meat noodles and pao fan - a Teochew dish of cooked rice served in broth.
Executive director and group chief executive officer (CEO) Ang Kiam Meng told The Business Times that Jumbo' s foray into hawker dining concepts was part of the group' s strategy to expand its presence in the local scene amid the long-drawn pandemic.
With hawker culture deeply entrenched in the lives of many Singaporeans, he believes that having a stake in a " staple food concept will accelerate the group' s breakthrough into the local mass segment" .
This is necessary given that business performance is expected to remain lacklustre, particularly as borders remain sealed and virus safety measures continue to be in place.
Against this backdrop, the group had been on the lookout for inorganic growth opportunities and saw bright spots in the local hawker scene.
" Such hawker concepts will also help to diversify our income streams, away from the group' s current dominant full service dine-in restaurants," said Mr Ang.
It is less challenging to run a hawker stall in the current environment given the lower operating costs and wider customer base.
" The business model of a hawker stall is much simpler, compared to a restaurant," he said. " A hawker stall requires less manpower for daily operations as the menu is usually more focused."
The key to success for restaurants, on the other hand, is often reliant on the quality of food and customer service and experience.
" Generally, restaurants have a higher fixed cost due to the requirements for skilled labour, both in kitchen and also front-end service staff, and higher cost for quality raw materials, though margins are relatively higher," said Mr Ang.
" With the high operating cost for restaurants, those with weaker concepts and financials are likely to struggle in the current business environment if they cannot adapt to the new norm," he said.
The CEO also felt that, being a homegrown brand, Jumbo has a part to play to " preserve and promote local heritage flavours and food culture" .
But even as the group embarks on making its mark in the local hawker scene, he is taking a cautious approach, pointing out that hawkers will also need to be able to adapt quickly to thrive.
For instance, dining habits have changed amid social distancing and stay-home measures. Deliveries and takeaways are likely to stay and serve as an additional stream of revenue, said Mr Ang.
Prior to the Covid-19 pandemic, Jumbo' s restaurants mainly focused on dine-in business given the appeal of communal dining at its outlets. But the group has been exploring ways to make its concepts more appealing for takeaways and deliveries.
Mr Ang is therefore upbeat on the prospects of Jumbo' s new casual dining concepts such as Kok Kee and Chao Ting pao fan as they cater primarily to the local mass market and are well-suited for both the dine-in and takeaway businesses.
In line with appealing to new consumer behaviours, Jumbo has introduced new concepts that are better suited for stay-home dining targeted at younger crowds and smaller families.
This includes its first online-only brand, Hack It Seafood, which positions itself as a fuss-free dining concept that allows customers to enjoy fresh seafood in the comfort of their homes.
Beyond the F& B industry, Jumbo is deepening its presence in the the fast-moving consumer goods segment through retail products such as cooking paste and sauces that allow customers to replicate their signature dishes at home.
Jumbo has stepped up on its distribution network through e-commerce platforms such as Qoo10 and Shopee to cater to both local and overseas customers, said Mr Ang. Jumbo' s retail products can also be found at departmental stores and hypermarts.
" We are also working with some of our suppliers, to sell bundle deals - fresh seafood together with our retail packs," he said.
With the F& B sector taking a hit from the pandemic, Jumbo' s growth had initially hit a snag.
For the full year ended Sept 30, 2020, the group reported a net loss of S$8.2 million, reversing from a profit of S$11.7 million a year earlier. Revenue shrank 36.5 per cent to S$97.6 million from S$153.6 million the previous year.
The group attributed the poorer business performance to the pandemic, saying that businesses in China and Singapore bore the brunt of the impact when restrictions to curb the spread of the virus were in place.
The group managed to generate net cash flows from operating activities of S$12.7 million.
" Having been in the F& B industry for more than 30 years, we have been through many challenges. Strong liquidity and strong balance sheet are what has kept us resilient," said Mr Ang.
This has allowed the group to prioritise innovation with a focus on providing more food options for Singaporeans.
Still, it will continue to expand its global footprint through the franchising model, which the CEO said is less risky and demanding in terms of capital investments. It will also allow the group to leverage on their partners' understanding of the local consumers' tastes and behaviour.
Jumbo had noted in its latest financial results that its franchises, particularly in Ho Chi Minh City, Bangkok and Fuzhou, are holding up well despite the challenging business climate.
The franchisees in those regions are also on track for further expansion of their outlets network in FY2021.
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newbie19
Supreme |
11-Feb-2021 18:33
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Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks.. | ||
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Joelton
Supreme |
07-Dec-2020 09:26
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Jumbo Group
On Nov 30, Kuang Ming Investments Pte Ltd increased its direct interest in Jumbo Group to above the substantial shareholder threshold from 4.99 per cent to 5.01 per cent.
The 124,000 shares were acquired for a consideration of S$40,300 at 32.50 cents per share.
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Joelton
Supreme |
17-Nov-2020 09:06
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Jumbo expects to post net loss in FY20 results due out by Nov 29
SEAFOOD restaurant group Jumbo Group on Monday said that it expects to report a net loss for FY20, following a preliminary review of its financial results for the fiscal year ended Sept 30, 2020.
This is because the Covid-19 pandemic has severely impacted the global economy and correspondingly, the group' s business operations across its key markets in Singapore and China.
" The net loss is mainly due to a substantial decline in revenue due to much reduced dine-in crowds in restaurants, unprecedented pandemic containment measures, including border controls, travel bans, lockdowns/circuit breaker equivalent measures and social distancing measures less than proportionate decline in key expenses and impairment losses on certain group assets," it said in a disclosure to the Singapore Exchange.
The board expects the group' s financial performance to continue to be affected depending on the duration of the pandemic, when borders will reopen for general travel, and also the lifting of social distancing measures to boost dining-in capacity and demand.
Meanwhile, the management has implemented cost and risk management measures while setting aside reserves to build up its capabilities for the future, it said.
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SmallSmall
Supreme |
17-Jun-2020 09:30
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Slowly edging upwards for days.......anything brewing except CB over? | ||
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Joelton
Supreme |
19-May-2020 10:09
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This stock has lost its flavour SINGAPORE (May 18): Analysts are losing their appetite for Jumbo as this stock has lost its flavour. On May 14, Jumbo also released its 1H20 results, which saw earnings fall some 71.5% to $2.1 million from $7.4 million in 1H19. Revenue in the same period was down 13.1% y-o-y to $66.7 million. &ldquo The last few months have proved to be the most challenging periods for Jumbo since the group was established 33 years ago,&rdquo says group CEO and executive director Ang Kiam Meng, noting that the circuit breaker measure due to the Covid-19 pandemic has caused the business environment to be very challenging. As it is, ten out of its 16 outlets are temporarily closed. The remaining six outlets are getting by with takeaways and delivers. On the other hand, Singapore was impacted by the ban of Chinese tourists at the end of January and subsequent social distancing measures as COVID-19 cases increased. High fixed costs from labour and rental expenses resulted in PATMI declining more than the topline. Ultimately, Jumbo&rsquo s 1H20 was saved by a $3 million worth of a Government grant from the Job Support Scheme (JSS). To conserve cash, Jumbo will not pay an interim dividend. This time last year, it paid 0.5 cent per share. See: Jumbo Group suffers 71.5% earnings drop With the outlook for Jumbo looking bleak, RHB Group Research has downgraded its call on Jumbo to &ldquo sell&rdquo from &ldquo neutral&rdquo with a slightly lower target price of 19 cents from 20 cents previously. In a Monday report, analyst Juliana Cai expects sales and profitability in 3Q20 for Jumbo to be adversely impacted by the absence of tourist demand coupled with the ban of on-premise dining. Although the circuit breaker is expected to be lifted on June 2, but local ministers have said that dining out would take a longer time to resume. &ldquo We expect takeaways and delivery to be less than 20% of normal sales,&rdquo says Cai. Jumbo has implemented a reduction in variable and base salaries, cut down on casual labours and overtime work to reduce its fixed cost. It has also managed to negotiate for some rental waivers for the circuit breaker period. The enhanced JSS for April and May could also provide some relief for the group. &ldquo But, overall, with the major decline in Singapore sales and a slow recovery in China&rsquo s footfall, we think 3Q20 might go into losses, before a gradual recovery in 4Q20 when more social distancing restrictions could be eased,&rdquo says Cai, who also does not expect any dividends for FY20. Similarly, CGS-CIMB believes the stock has lost its heat as analyst Ong Khang Chuen has also downgraded his recommendation on Jumbo to &ldquo reduce&rdquo from &ldquo hold&rdquo with a lowered target prive of 20 cents from 21.8 cents previously. &ldquo We estimate tourists and business meals account for some 60% of Jumbo&rsquo s typical revenue base in Singapore. With local consumer spending also likely to remain cautious under the current macro backdrop, we believe Jumbo&rsquo s footfall will take time to recover even after the circuit breaker measures are lifted,&rdquo says Ong. Meanwhile, the decline for Jumbo&rsquo s same store sales growth (SSSG) is expected to worsen in April and May by to -80% y-o-y, before showing a slight recovery to -50% in June. Management also noted that while its China operations are seeing signs of recovery, footfall remained weak at about 70% of the normal rate in April. To ease its pain, Jumbo has boosted its online food delivery offerings and promotional activities implemented cost-saving measures as well as actively negotiating with landlords to secure rental relief. &ldquo Despite active cost-saving measures and government relief programme, we forecast Jumbo to record a net loss of $2.8 million in FY20. With our lower SSSG assumption, we also cut our FY21-22 EPS by 7-39%,&rdquo says Ong. As at 12.30pm, shares in Jumbo are trading at 25 cents or 2.3 times FY20 book. https://news.nestia.com/detail/This-stock-has-lost-its-flavour/4164726 |
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Joelton
Supreme |
15-May-2020 10:09
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Jumbo posts 72% decline in half-year profit to S$2.1m amid virus outbreakRESTAURANT operator Jumbo on Thursday recorded a 71.5 per cent year-on-year fall in half-year net profit to S$2.1 million amid the novel coronavirus outbreak, calling the past few months the " most challenging" since the group was established 33 years ago. Revenue fell 13.1 per cent on the year to S$66.7 million for the half year ended March 31, as takings declined across its key markets of Singapore, China and Taiwan. Gross profit margin for the period was also compressed to 62.6 per cent, from 64.2 per cent previously, as Jumbo sought to maintain market share and retain local customers with promotional campaigns and discounts in February and March. To cut costs during the pandemic, the group also implemented non-bonus accruals, a " minimal use" of casual labour and shorter operating hours. These resulted in employee benefits expenses decreasing by 3.6 per cent year on year to S$22.8 million in H1.
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Joelton
Supreme |
05-May-2020 09:25
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Jumbo Group issues profit warningMON, MAY 04, 2020 - 7:59 PMJUMBO Group is expected to report a significantly lower profit after tax year-on-year for H1 FY2020, owing to the impact of Covid-19 across its markets, it warned. In a filing to the Singapore Exchange, it said: " The pandemic had significantly impacted our China&rsquo s operations since January... https://www.businesstimes.com.sg/companies-markets/jumbo-group-issues-profit-warning |
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johnng
Supreme |
30-Apr-2020 11:12
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Good brands worth a look | ||
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Joelton
Supreme |
26-Mar-2020 09:59
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DBS loses appetite for Jumbo amid Covid-19 restrictionsSamantha Chiew 25/03/2020, 12:20pm SINGAPORE (Mar 25): DBS is downgrading its recommendation on Jumbo to &ldquo hold&rdquo from &ldquo buy&rdquo previously with a lowered target price of 18 cents from 38 cents previously. In a Wednesday report, lead analyst Alfie Yeo says, &ldquo We were sideswiped by the rapid deterioration and severe restriction arising from Covid-19. While share price has taken a severe beating, we believe it could take time for operations to normalise, and we are hence downgrading Jumbo to &lsquo hold&rsquo .&rdquo In Singapore, travel restrictions and social distancing measures are currently in place, while China is experiencing a slowdown. Hence these are expected to deeply impact Jumbo&rsquo s FY20 earnings, such that its China business is expected to head back into losses from FY20. Overall the analyst has slashed the group&rsquo s FY20-21 earnings estimates by another 31-58%, factoring in lower revenue traction from Singapore and China, outlet rationalisation, and lower margins on relatively fixed operating costs. &ldquo We see Jumbo as the most exposed of all F& B plays in Singapore to Covid-19. We estimate that more than half of Jumbo Seafood Singapore&rsquo s customers are tourists and with restriction on short term visitors to Singapore, this would have a deep implication on its operations,&rdquo says Yeo. Additionally, with social distancing encouraged, discretionary trips to restaurants are expected to reduce in both Singapore and China. These will put pressure on earnings going forward. On the back of this, Yeo sees shifts in food consumption into supermarkets, and other format outlets and away from restaurant dining during this period, on the back of reduced visits by tourists and locals. &ldquo We anticipate a lower footfall in view of the wide-spread impact of Covid-19 situation. We now expect a recovery to take place further into the future, leading us to reduce our FY20 revenue forecast to $110 million, representing a 28% y-o-y decline from lower footfall and store rationalisation,&rdquo says Yeo. Meanwhile, the analyst has also factored in lower dividend payout ratio as he believes it will be prudent for the group to conserve cash during this challenging period. &ldquo We believe share price could lag the market if and when the current pandemic blows over. That said, its strong balance sheet and cash position (7 cents per share as of Sep 19 or about 38% of market cap) should see the group weather through this storm,&rdquo adds Yeo. On the other hand, DBS is positive on Koufu in the F& B space, as it operates foodcouts, which are mass market and resilient to downtrading. But it has some 10% of revenue from Macau and its key Rasapura foodcourt at MBS is dependent on tourists. These may pose earnings risk along with lower capacity at F& B foodservice outlets after social distancing among dine-in customers is now in force. DBS has a &ldquo buy&rdquo call on Koufu with a target price of 84 cents. As at 12.15pm, shares in Jumbo are trading at 20 cents or 1.9 times FY20 book with a dividend yield of 1.7%, while shares in Koufu are trading at 58 cents. https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-downgrades-jumbo-to-hold-on-covid-19-impact-to-earnings |
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sengsk
Elite |
09-Jan-2020 13:58
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Jumbo might next to move. In Radar, Lets watch after it cross 0.39 with Volume Time for monitoring..............Hmmm......Still cheap ! ( 50% of 2017 high, 50 % Rule ) |
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jeffreyting
Member |
11-Sep-2019 14:29
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DBS gives target price SGD0.47..... | ||
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