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Glad I added on when it reveresed :)
n3wbie ( Date: 27-Sep-2016 22:04) Posted:
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Maybank just upgraded Jumbo to BUY and increased TP to $0.78 from $0.69.
Switch from Sheng Siong (D/G) to Jumbo (U/G)
We downgrade Sheng Siong from BUY to HOLD with an unchanged TP of SGD1.13 (6% upside), and upgrade Jumbo from HOLD to BUY with a higher TP of SGD0.78 (32% upside). As we head into the seasonally stronger 4Q, we believe stocks that do better in 4Q such as Jumbo will outperform more defensive stocks such as Sheng Siong, which typically see weaker sales. Valuations also favour Jumbo currently. On top of that, positive catalysts await Jumbo (eg potent earnings lift from franchising) while Sheng Siong could face a slew of neutral to negative developments in its industry, eg China expansion delay, possibility of higher competition, etc.
The franchising cards favour Jumbo
Jumbo&rsquo s eagerly-awaited franchising strategy could have some results to show by early 2017. In our conservative scenario, just a 3-5% franchise fee alone could add a decent 4-7% to FY18E earnings. However, if management wants the franchise strategy to be moderately impressive, it should target at least five outlets per city. Five outlets per city at 3-5% franchise fee pa could boost FY18E earnings by 10-17%, and at 10 outlets per city, 20-33%. We believe franchisees will be attracted to Jumbo&rsquo s high revenue potential per store of SGD6m and its high ROI of 25-30%.
Reversal in progress.
Target $0.645.
With Zika here no tourists want to come here and hence Jumbo empty. There goes my Pepper crab
time for a correctios..
up too much after ipo..
jessliew ( Date: 23-Sep-2016 09:35) Posted:
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It seems may keep going downhill... How come???
Accumulation in Progress.
Yum Yum.
Zika situation will get it in coming days eventually. But now have fun
60c almost cleared.. Chilli crab on the way.. yummy!
niteowl68 ( Date: 05-Sep-2016 12:07) Posted:
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Target 70ct!!!!!!!!Chili crab, black pepper crab, Teochew steamed crab, XO sauce crab...jin ho Jiak! Yummy yummy.
Fears on effects of Zika virus overplayed... now rebound in place..vested now with avg at 57c.. testing 60c resistance today.. huat ahh
Over value. Let it slowly correct to find it fair value. 38x pe is simply too much...
I agree that this firm is still strong fundamentally and it is now on my watchlist. I am trying to guess the rock bottom but see how it goes the next few days.
kimchi_korea ( Date: 03-Sep-2016 13:36) Posted:
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It's normal for price fluctuation due to fear(Zika) & greed. However, when invest into the company, one must look at the long term prospect. The company has long term plan to improve top line & bottom line by collaborating with partners like Breadtalk in China. Imagine once the master franchise is established, Jumbo restaurant will open in more China cities. There are reasons behind price weakness now. If one do not buy on weakness then when to buy? Big traders are flushing weak holders out of the game now. So, your guess on rock bottom lie on invisible hands. However, if buying on stages and when the tide come again many will chant yummy chilli crabs!
investlin78 ( Date: 02-Sep-2016 22:36) Posted:
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Sitting on the 3rd support.... break and it will fall further.
bishan22 ( Date: 02-Sep-2016 09:55) Posted:
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I dont think the Zika virus will affect the local F& B much...it is only very serious if a pregnant woman gets it
investlin78 ( Date: 02-Sep-2016 22:36) Posted:
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The "Zika virus" effect cannot be ignored, just like previous SARS effect that caused local tourism and F&B businesses down 75%, although Zika is not as lethal as SARS but seriously affects local businesses. It will take awhile before the Zika virus can be eliminated, and that affect emotional fears.
In Singapore, East Coast Parkway Jumbo has mostly OUTDOOR seatings. People still dare to sit outside? Maybe business is badly affected.
pnuklis ( Date: 02-Sep-2016 14:45) Posted:
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if 565 break,sure will go down more.lets wait and see.no suitable price to enter
i CANNOT IMAGINE RESTAURANTS BE HIT ALSO