*Official* Jumbo Group Limited (SGX: 42R)

mrtanbg

mrtanbg

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Was looking for it to turn but alas, drop more..

Whether looking at weekly or monthly chart buay swee, broken down from uptrend line..

I waiting at 60 cents, hopefully it turns..if not 45 cents:eek::eek:

FnB always tough biz, yes can scale...but staffing cost and overheads are a killer unless they do more corporate catering

Not sure if botak still has the midas touch, he has the midas touch before, not sure now......for all we know, he take it private, sapo all and inject into this HK project....

rvzp50.jpg
 
HerbalTeaSeller

HerbalTeaSeller

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mrtanbg said:
Was looking for it to turn but alas, drop more..

Whether looking at weekly or monthly chart buay swee, broken down from uptrend line..

I waiting at 60 cents, hopefully it turns..if not 45 cents:eek::eek:

FnB always tough biz, yes can scale...but staffing cost and overheads are a killer unless they do more corporate catering

Not sure if botak still has the midas touch, he has the midas touch before, not sure now......for all we know, he take it private, sapo all and inject into this HK project....

rvzp50.jpg
Click to expand...

If 0.615 breaks, see you at 0.57 :s13:
 
Deathzz

Deathzz

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revenue drop in singapore. singaporean do know that eat crab at jumbo is alamak price. many zhi char offer cheaper and comparable crab dishes. tough business here.

shall see how the stock perform on monday
 
Wood41

Wood41

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#JumboGroup (JUMBO SP) -
UOB Kay Hian 2017-05-16: 2QFY17: Singapore Sales Slow Down But Shanghai Operations Still Growing.

Jumbo reported weaker-than-expected 2QFY17 results. Competition has intensified in Singapore. The group’s flagship JUMBO Seafood Singapore East Coast outlet is under pressure from the newly-redeveloped Marine Cove enclave as crowds are thinning. The group’s decision to expand into Shanghai is proving to be astute as business is doing well there.

Maintain HOLD but with a slightly lower DCF-based target price of S$0.64.
 
Shion

Shion

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Jumbo to open 8 outlets in Taiwan

Jumbo to open 8 outlets in Taiwan

https://www.theedgesingapore.com/jumbo-open-8-outlets-taiwan

SINGAPORE (Nov 6): Jumbo Group today announced that it has entered into a joint venture (JV) agreement with Baipin Co. to introduce the “JUMBO Seafood” brand to Taiwan.

Under the agreement, the group plans to open at least eight Jumbo Seafood outlets in Taiwan.

The restaurants will then be operated by a JV company incorporated in Taiwan, in accordance with the franchise agreement to be entered between the JV Company and Jumbo’s wholly-owned subsidiary, Jumbo Group of Restaurants.

The JV company will be a 51:49 joint venture between Baipin and Jumbo.

This agreement comes shortly after the group announced its establishment of its new branch office in Shanghai, China.

Ang Kiam Meng, group CEO and executive director of Jumbo says, ““The introduction of JUMBO Seafood to Taiwan marks another solid step for our expansion in North Asia and we look forward to bringing quality Singapore heritage seafood into the vibrant Taiwanese consumer market.”

Shares in Jumbo closed 60 cents on Monday.
 
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