Jumbo Group

Broker's Calls

Jumbo cut to 'hold' as coronavirus outbreak expected to eat into restaurant business

SINGAPORE (Feb 13): UOB Kay Hian has downgraded seafood restaurant chain Jumbo Group to “hold” from “buy” previously, and slashed its target price by 27% to 32 cents.

Company in the news

Jumbo opens maiden bak kut teh and chicken rice restaurants in Shanghai

SINGAPORE (Dec 16): Jumbo Group, the food and beverage (F&B) operator, has opened its first Ng Ah Sio Bak Kut Teh and Xinyao Hainanese Chicken Rice restaurants in China.

Investing ideas

Analysts keep up ravenous appetite for Jumbo

SINGAPORE (Nov 27): Analysts are still hungry for more of Jumbo even after the group's revenue came in flat at about $153.6 million in FY19 from $153.7 million in FY18.

Results

Jumbo posts 5.9% rise in FY19 earnings to $11.7 mil even as revenue stalls

SINGAPORE (Nov 27): Restaurant chain operator Jumbo Group reported a 5.9% increase in full-year earnings to $11.7 million for FY2019 ended September, from $11.0 million a year ago.

Broker's Calls

New Tsui Wah outlet opening leaves Jumbo at 'hold'

SINGAPORE (Sept 27): UOB Kay Hian is keeping its “hold” recommendation on Jumbo with a target price of 37 cents and an entry price of 33 cents, following the opening of Jumbo’s second Tsui Wah outl

Company in the news

Jumbo opens second Tsui Wah outlet in Singapore

SINGAPORE (Sept 17): Jumbo Group has opened its second Tsui Wah outlet in Singapore, located at The Heeren along the Orchard Road shopping belt.

Investing ideas

Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses.

Investing ideas

Jumbo's rapid expansion may have caused 3Q earnings miss but growth thesis stays intact

SINGAPORE (Aug 13): Jumbo Seafood restaurants serve up Singaporean-style Chinese seafood cuisine that is popular with locals and tourists alike.

Results

Jumbo posts 24.8% drop in 3Q earnings to $1.7 mil amid renovation closure, higher costs on outlet openings

SINGAPORE (Aug 7): Restaurant operator Jumbo Group saw its earnings fall 24.8% to $1.7 million for the 3Q19 ended June amid operational costs incurred from its new restaurants.

Jumbo goes Gangnam; brings total seafood restaurants in Asia to 18

SINGAPORE (July 17): Jumbo, the F&B group, is opening its first franchised Jumbo seafood restaurant in Seoul.

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