Jumbo started at 'add' for strong brand equity & regional growth prospects
Michelle Zhu • 5 years ago • 2 min read
SINGAPORE (June 25): CGS-CIMB Securities is initiating coverage on Jumbo Group with an “add” recommendation and target price of 62 cents, which is based on 23 times CY19F earnings, below its regional peer average of 24.7 times against a three-year EPS
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