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Revenue up but profits down means that new outlets still trying to draw enough crowd.
Having 100 customers walking in a day needs the same number of staff as serving 10 customers a day.
Having 100 customers walking in a day needs the same number of staff as serving 10 customers a day.
moron101 ( Date: 14-Feb-2018 19:50) Posted:
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Q1 result out. Revenue up but net profit down around 20% due to operations cost & expenses for staff benefit .. Looks like mgt really take good care of staff..
One more seafood restaurant set up in China Xi'An.. good..
Share buy back proposal passed during EGM. More good days ahead.
Now over 600
Can aim 650
See how lor
Can aim 650
See how lor
REACH 60cents le..SHIOK...next target $0.65..
johnng ( Date: 05-Dec-2017 14:59) Posted:
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aim 1st target $0.60.
1.2cents dividend coming ....
destinykraze ( Date: 05-Dec-2017 13:57) Posted:
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price will only go up if BBs allows. only enter if you are ok with long term investments.
volume pathetic low..someone accumulating...must be BBs or some fish...
ron sim buy more?
time to chiong today?
congratulation to Jumbo for beating No Signboard hollow. Jumbo now is leader against no signboard. Maybe one ay jumbo may do a takeover of no signboard
i will enter again when 0.55.
Will open 60 cents tomorrow? Let's see..
Taking off..wonderful
JUMBO: Opens Fifth JUMBO Seafood Outlet In The PRC.
28 Nov 2017 17:27
Located at the luxury L' Avenue Mall, Hongqiao in Shanghai. Group now has four restaurants in Shanghai and one in Beijing. Revenue contribution from the PRC set to continue its uptrend since Group' s listing in 2015...
http://repository.shareinvestor.com/rpt_view.pl/id/714008.1/type/sgxnet/original_filename/1
DBS lowered TP to 61c (previously 67c) based on 23x FY18 PE.
Earnings below on higher than expected opex: Earnings of S$2.6m (-37% y-o-y) for 4Q17 were below expectations. While revenue of S$38.2m (+14.1% y-o-y) was in line with expectations, higher than expected operating expenses S$20.6m (+16.2%) led to lower operating profit of S$3.2m (-31%) and margins of 8.6% (-5.6ppt). Final and special dividends of 0.5 and 0.7 Scts declared, totaling 1.2 Scts per share, above our 1 Sct final dividend expectation.
Revenue and gross margins in line: Revenue was in line with expectations. Growth of 14.1%/6.1% y-o-y for 4Q17/FY17 was largely driven by China sales, which posted 27% y-o-y growth from FY16 to FY17. Gross margins also remained stable at 63.4% (+0.2ppt) in FY17.
Higher than expected operating expenses Jumbo&rsquo s underperformance in FY17 and 4Q17 was largely due to higher than expected other operating expenses which include marketing and transport. Jumbo had inked deals with local partners in Beijing, Vietnam and Taiwan this year to establish more Jumbo Seafood outlets. Along with startup costs in the new outlets, these have collectively contributed to higher operating expenses and lower operating margins.
Expansion strategy on track: Jumbo&rsquo s JV/franchise deals for Jumbo Seafood this year included Vietnam (franchise rights for HCMC and Da Nang), Beijing (51% JV with Beijing Hualian Group), and Taiwan (49% JV with Baipin Co. Ltd). These should deliver earnings over the next few years. More possible franchises include Thailand, Indonesia, Hong Kong Macau, and Korea markets. New Jumbo Seafood stores may also possibly open in Xi&rsquo an and Shenzhen.
Lower FY18-19F earnings by 4-9%: While no significant near-term impact is expected, we believe the above developments set the stage for future growth overseas. Near term, we expect to see operating margins and earnings growth dampened by higher operating expenses and hence impute higher opex in our FY18-19F earnings. We have cut our net profit forecast by 4-9% for FY18-19F.
Maintain HOLD, lower TP to S$0.61: In line with the cut in earnings forecast, our TP is now lower at S$0.61, pegged to 23x FY18F PE (derived from Jumbo&rsquo s historical PE average). Maintain HOLD as growth prospects are largely priced in.
Earnings below on higher than expected opex: Earnings of S$2.6m (-37% y-o-y) for 4Q17 were below expectations. While revenue of S$38.2m (+14.1% y-o-y) was in line with expectations, higher than expected operating expenses S$20.6m (+16.2%) led to lower operating profit of S$3.2m (-31%) and margins of 8.6% (-5.6ppt). Final and special dividends of 0.5 and 0.7 Scts declared, totaling 1.2 Scts per share, above our 1 Sct final dividend expectation.
Revenue and gross margins in line: Revenue was in line with expectations. Growth of 14.1%/6.1% y-o-y for 4Q17/FY17 was largely driven by China sales, which posted 27% y-o-y growth from FY16 to FY17. Gross margins also remained stable at 63.4% (+0.2ppt) in FY17.
Higher than expected operating expenses Jumbo&rsquo s underperformance in FY17 and 4Q17 was largely due to higher than expected other operating expenses which include marketing and transport. Jumbo had inked deals with local partners in Beijing, Vietnam and Taiwan this year to establish more Jumbo Seafood outlets. Along with startup costs in the new outlets, these have collectively contributed to higher operating expenses and lower operating margins.
Expansion strategy on track: Jumbo&rsquo s JV/franchise deals for Jumbo Seafood this year included Vietnam (franchise rights for HCMC and Da Nang), Beijing (51% JV with Beijing Hualian Group), and Taiwan (49% JV with Baipin Co. Ltd). These should deliver earnings over the next few years. More possible franchises include Thailand, Indonesia, Hong Kong Macau, and Korea markets. New Jumbo Seafood stores may also possibly open in Xi&rsquo an and Shenzhen.
Lower FY18-19F earnings by 4-9%: While no significant near-term impact is expected, we believe the above developments set the stage for future growth overseas. Near term, we expect to see operating margins and earnings growth dampened by higher operating expenses and hence impute higher opex in our FY18-19F earnings. We have cut our net profit forecast by 4-9% for FY18-19F.
Maintain HOLD, lower TP to S$0.61: In line with the cut in earnings forecast, our TP is now lower at S$0.61, pegged to 23x FY18F PE (derived from Jumbo&rsquo s historical PE average). Maintain HOLD as growth prospects are largely priced in.
A lot of expansion plans.good if u got holding power. will chiong to 70 c next year.
NobleJunky ( Date: 27-Nov-2017 14:18) Posted:
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Gapped down today. But closing higher than intra day so it' s a good sign. Whatever stock it is, the numbers tell how they can perform eventually. Short term up and down, but with the kind of crap numbers Jumbo produces, whatever crab they sell is useless. Probably can bang on the fact that they may expand rapidly, set up a central kitchen, cut costs, double the revenue, then maybe can play a bit. that' s a lot of hope put in there, might as well shift attention to some other company that is making money and clinching contracts, expanding revenue and profits.