SINGAPORE (May 14): Jumbo Group’s 2Q19 earnings have increased by 18.4% to $5.1 million, compared to $4.3 million in 2Q18. This brings 1H19 earning to $7.5 million, 18.0% higher than $6.4 million in 1H18. However, revenue for the second quarter ended March was 1.4% lower at $41.3 million from $41...

JUMBO Group's wholly-owned unit Jumbo Group of Restaurants has entered a franchise agreement with Jumbo's newly-incorporated South Korean joint venture, the Catalist-listed food and beverage (F&B) company said on Thursday after market close.

SINGAPORE (April 12): Jumbo Group has opened three new restaurants in a move to expand in Singapore, with a new Jumbo Seafood outlet at Jewel Changi Airport as well as two new concepts at Far East Square, all of which were launched today. This brings the group’s total number of food and beverage ...

SINGAPORE (Feb 25): Singapore’s Budget 2019 speech, delivered by Finance Minister Heng Swee Keat on Feb 18, hogged headlines for the better part of the week. Analysts were quick to parse which stocks would be affected by the projected government spending of $80.25 billion. Some $22.7 billion, or ...

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his...

SINGAPORE (Feb 18): UOB Kay Hian is maintaining its “hold” call on Jumbo Group with a target price of 41 cents, following the group’s 1Q19 results announcement. For 1Q19, the group reported a 15.7% rise y-o-y in its earnings to $2.4 million, while revenue dropped 1.5% to $35.5 million, due to...

SINGAPORE (Feb 18): Jumbo Group is bringing its Jumbo Seafood line of seafood restaurants to South Korea via a 50:50 joint venture (JV) between its indirect wholly-owned subsidiary, Jumbo F&B Services, with TCI Inc. The first Jumbo Seafood restaurant in South Korea targeted to be operational in...

SINGAPORE: Jumbo Group is set to open a seafood restaurant in Seoul by September this year, in its first foray into the South Korean market. The new restaurant will help Jumbo, which is famous for its chili crab, expand its portfolio of brands to major cities in the region, the company said on ...

SINGAPORE (Feb 15): CGS-CIMB Research is maintaining its “add” call on Jumbo Group while lowering its target price to 52 cents from 54 cents previously to reflect 2-3% lower FY20-21F EPS on the account of weaker China operations. The latest price target is pegged to 21 times FY20F P/E versus th...

MULTI-DINING concept food and beverage establishment Jumbo Group posted a 15.7 per cent improvement in its first quarter net profit at S$2.4 million.