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Jumbo kept at 'add' on raid regional expansion mode although costs may escalate

PC Lee
PC Lee10/5/2018 10:45 AM GMT+08  • 2 min read
Jumbo kept at 'add' on raid regional expansion mode although costs may escalate
SINGAPORE (Oct 5): Jumbo Group is rapidly expanding into new cities in Asia and opening more seafood franchise outlets over the next four years.
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SINGAPORE (Oct 5): Jumbo Group is rapidly expanding into new cities in Asia and opening more seafood franchise outlets over the next four years.

In FY18 ended Sept, Jumbo added three new Jumbo Seafood franchise outlets in Taipei, Taichung and Fuzhou. It plans to open one new franchise outlet in Bangkok by end of the year.

“We estimate its franchise outlet count will rise to five by end FY18, including one Bak Kut Teh franchise outlet that was opened in Taipei in July,” says CGS-CIMB lead analyst Colin Tan in a Thursday report.

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