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...

SINGAPORE: Singapore investment firm Commonwealth Capital and seafood restaurant Jumbo Group have come forward to offer jobs to recently retrenched employees from the Singapore Airlines (SIA) Group, said Trade and Industry Minister Chan Chun Sing on Monday (Sep 14). The two companies join ...

Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

SINGAPORE (June 17): As Singapore is expected to enter Phase 2 of the reopening of its economy on June 19, F&B players are poised to benefit from the increase in traffic flow, according to analysts. This, however, comes at the expense of grocery retailers, which are expected to see less footfall...

SINGAPORE (May 18): Analysts are losing their appetite for Jumbo as this stock has lost its flavour. On May 14, Jumbo also released its 1H20 results, which saw earnings fall some 71.5% to $2.1 million from $7.4 million in 1H19. Revenue in the same period was down 13.1% y-o-y to $66.7 million. “The...

SINGAPORE (May 14): The Covid-19 outbreak has caused restaurant operator Jumbo Group to suffer a 71.5% y-o-y drop in earnings to $2.1 million for its 1HFY20 ended March 31. Revenue in the same period was down 13.1% y-o-y to $66.7 million. “The last few months have proved to be the most challengin...

JUMBO Group is expected to report a significantly lower profit after tax year-on-year for H1 FY2020, owing to the impact of Covid-19 across its markets, it warned.

SINGAPORE (May 4): Restaurant chain operator Jumbo Group is expecting to report a “significantly lower profit after tax” for 1HFY2020. In a profit warning issued on Monday after market hours, the group says it has suffered a “significant decline” in its Singapore revenue from January to Mar...

DBS Group Research has downgraded Jumbo Group to "hold" from "buy", with a lowered target price of S$0.18, from S$0.38 previously.