JUMBO Group has opened its second franchised Jumbo Seafood restaurant in Fuzhou, China, bringing the total number of Jumbo Seafood restaurants across Asia to 19.

RHB Research Securities has upgraded the consumer sector to "overweight" from its previous "neutral" stance.  This is as “consumer companies with exposure to the re-opening of domestic activities, such as those in retail and food & beverage services, should see some earnings rec...

Wilmar International again led the consideration tally, buying back 11.98 million shares in a price range of S$4.16 to S$4.30 per share. As of Dec 3, the current buyback mandate had seen Wilmar International purchase 0.58 per cent of its issued shares (excluding treasury shares) as of the date of th...

DBS analyst Alfie Yeo has recommended “fully valued” on Jumbo Group with a maintained target price of 21 cents after the restaurant operator reported a $8.2 million loss for the FY2020 on Nov 27. At 27x FY2021F price-to-earnings (P/E), Yeo believes the counter is currently “overpriced”. “A...

FOOD and beverage (F&B) play Jumbo Group is looking to acquire a 75 per cent interest in popular dumpling noodle stall Kok Kee Wanton Noodle for S$2.1 million in cash and shares. This will mark the group's first inorganic expansion since it listed in 2015.

Despite the encouraging beginnings in FY2020, fuelled by strong expansion momentum with four new outlets opening in South Korea, China and Taiwan, the Covid-19 pandemic led to a slowdown in Jumbo’s growth plans. Jumbo Group has reported a loss of $8.2 million for the FY2020 ended September, compar...

FOOD and beverage (F&B) play Jumbo Group is looking to acquire a 75 per cent interest in popular dumpling noodle stall Kok Kee Wanton Noodle for S$2.1 million in cash and shares.

SEAFOOD restaurant group Jumbo Group on Monday said that it expects to report a net loss for FY20, following a preliminary review of its financial results for the fiscal year ended Sept 30, 2020.

Henry Wee, a substantial shareholder of Imperium Crown, increased his stake in the company to more than a quarter. On Sept 15, Wee, who used to hold a 23.03% stake in the company, acquired 23.9 million shares for a total of $287,020.80, or 1.2 cents each, on the open market. He now owns just over 20...