Home Capital Broker's Calls

Jumbo enjoys robust outlook with expansion strategy, but China exposure may pose a problem

Michelle Zhu
Michelle Zhu5/22/2019 12:24 PM GMT+08  • 2 min read
Jumbo enjoys robust outlook with expansion strategy, but China exposure may pose a problem
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 (May 22): CGS-CIMB Research and UOB Kay Hian are maintaining their “add” and “hold” calls on Jumbo Group with target prices of 52 cents and 41 cents, respectively, after the group’s 2Q19 results came in line with both research houses’ expectations.

In a report last Wednesday, CGS-CIMB analyst Colin Tan says he expects the first Jumbo Seafood restaurant in South Korea, which is due to begin operations in 3Q19, to add to Jumbo’s growing franchise income stream going forward.

He is also positive on the group’s expansion plans through “less risky franchises” in the possible target markets of Shenzhen, Hong Kong, Macau and Indonesia.

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