SAC Capital analyst Yeo Peng Joon has initiated coverage on Catalist-listed Jumbo Group with a “buy” call as he sees several growth drivers to the counter.Yeo has also given the group a target price of 38 cents.“The stock is currently trading at a forward P/E of 30.8x, and EV/EBITDA of 4.5x fo...

SAC Capital has initiated coverage on Catalist-listed Jumbo Group in a report published on Monday (Aug 1), propelled by optimistism on a sales rebound driven by pent-up domestic demand and tourist arrivals.

WITH Shanghai aiming to reopen from Jun 1, Singapore businesses caught in its protracted lockdown are gearing up for a long-awaited return to business as usual. However, given how the earlier plans for easing did not materialise, not all are confident of the latest timeline given by the auth...

RESTAURANT operator Jumbo Group will likely face a bumpy road to recovery given the ongoing uncertainties in China, CGS-CIMB said.

WITH Shanghai aiming to reopen from Jun 1, Singapore businesses caught in its protracted lockdown are gearing up for a long-awaited return to business as usual. However, given how the earlier plans for easing did not materialise, not all are confident of the latest timeline given by the auth...

SEAFOOD restaurant operator Jumbo Group has opened its third franchised outlet in Vietnam’s Ho Chi Minh City. 

RESTAURANT operator Jumbo Group announced on Tuesday (Apr 5) it has opened 2 new Kok Kee Wanton Noodle stalls in Singapore - bringing the total number of outlets to 8.

The additional $500 million jobs and business support package for SMEs announced as part of Budget 2022 is deemed positive for the three local banks, given how they will enjoy some relief from fallout of the pandemic. As such, risks of non-performing loans – which is already at a level deemed “b...

Tax changes in Singapore’s budget are positive for certain retail stocks and firms that are reducing their carbon emissions, but some multinational companies, property developers and luxury vehicle stocks emerge as losers. Finance Minister Lawrence Wong unveiled a budget on Friday that seeks to re...

This year has been tough on the local F&B players, especially restaurateurs. It appears that it will take quite a while for them to return to their glory days as the adverse effects of the Covid-19 pandemic since early last year continue to loom. However, market analysts believe things are looki...

F&B group Jumbo Group announced that it has introduces a new F&B concept, Slake, to its portfolio of restaurants and has opened two additional Kok Kee Wanton Noodle stalls in Singapore, bringing the brand’s network to six outlets across Singapore. Slake is a homegrown modern Southeast Asia...

Several billionaire families were in the market in recent weeks, buying up some shares just as market sentiment was unsettled over the emergence of a new variant of the Sars-CoV-2 virus. The Wee family that controls UOL Group were among those that added to their stake. The buying was done via their ...

SEAFOOD restaurant operator Jumbo Group saw its net loss widen to S$11.8 million for its full year ended Sep 30, 2021, from S$8.2 million a year ago.

Jumbo Group announced a net loss of $11.8 million in FY2021, for the 12 months to Sept 30. The poor performance was blamed on Covid. Revenue declined by 16.2% or $15.8 million, from $97.6 million inFY202 to to $81.8 million in FY2021. After adjusting for non-cash items, the company registered a po...

SEAFOOD restaurant operator Jumbo Group saw its net loss widen to S$11.8 million for its full year ended Sep 30, 2021, from S$8.2 million a year ago.