Home Capital Broker's Calls

Jumbo ‘in’, Sheng Siong ‘out’ for Maybank KE

Benjamin Cher
Benjamin Cher9/28/2016 11:33 AM GMT+08  • 3 min read
Jumbo ‘in’, Sheng Siong ‘out’ for Maybank KE
SINGAPORE (Sept 28): Maybank Kim Eng is upgrading Jumbo to a “buy” with a higher target price of 78 cents, while downgrading Sheng Siong to “hold” with a target price of $1.13.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 28): Maybank Kim Eng is upgrading Jumbo to a “buy” with a higher target price of 78 cents, while downgrading Sheng Siong to “hold” with a target price of $1.13.

In a report on Tuesday, analyst Gregory Yap cites Jumbo’s franchising as a positive factor while Sheng Siong’s catalysts are fading with the delay with its maiden China store and closure of the Verge outlet.

Yap cites Jumbo as a “stock to own” as the year enters the seasonal 4Q peak. Catalysts such as franchising business development efforts should kick in by 1Q2017.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now