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Jumbo sees tea-riffic response with latest Tsui Wah opening

Samantha Chiew
Samantha Chiew6/27/2018 11:51 AM GMT+08  • 2 min read
Jumbo sees tea-riffic response with latest Tsui Wah opening
SINGAPORE (June 27): Singapore’s first Tsui Wah opened in Clarke Quay on Jun 15 by Jumbo Group and saw positive responses with many people queueing to enter to restaurant.
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SINGAPORE (June 27): Singapore’s first Tsui Wah opened in Clarke Quay on Jun 15 by Jumbo Group and saw positive responses with many people queueing to enter to restaurant.

Hence, UOB Kay Hian is maintaining its “hold” call on Jumbo with a target price of 53 cents.

Earlier in March, Jumbo entered into a joint venture (JV) with Tsui Wah Holdings to bring the famous Hong Kong style “cha chaan teng” to Singapore. The tea restaurant currently has 70 outlets across Hong Kong, Macau and China.

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