SINGAPORE (July 17): Jumbo, the F&B group, is opening its first franchised Jumbo seafood restaurant in Seoul. The newly-opened Jumbo Seafood restaurant is located within Academy Plaza and situated next to Dogo Station in the Gangnam district. Gangnam is one of the upscale neighbourhoods in Sout...

SINGAPORE: A new programme aimed at grooming high-growth businesses here was launched by Enterprise Singapore on Wednesday (Jul 10), with 25 companies, including household names Jumbo Group and Koufu, making the cut for the pioneer batch.  First announced during Budget 2019, the Scale-up SG ...

SINGAPORE (July 4): Koufu Group, the operator of 50 or so food courts and coffeeshops, was the most profitable listed F&B play in FY18 with net profit of $24.5 million. This was bigger than rival Kimly Group, Breadtalk Group and Jumbo Group which recorded net profit of $21.9 million, $15.2 mill...

SINGAPORE (June 21): RHB Research is initiating coverage of Jumbo Group with a “buy” and a target price of $0.47 as the stock is expected to rerate upwards on the back of store openings and an expansion of its franchisee network. The group’s total turnover has shown an increasing trend - tota...

SINGAPORE (May 31): UOB Kay Hian is reiterating its “hold” recommendation on Jumbo Group with a target price of 41 cents and an entry price of 32 cents. After 10 years, the group opened two new Jumbo Seafood outlets in Singapore – ION Orchard (Dec 2018) and Jewel Changi Airport (Apr 2019). In...

SINGAPORE (May 22): CGS-CIMB Research and UOB Kay Hian are maintaining their “add” and “hold” calls on Jumbo Group with target prices of 52 cents and 41 cents, respectively, after the group’s 2Q19 results came in line with both research houses’ expectations. In a report last Wednesday, ...

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 ...