In a Wednesday report, lead analyst Joohijit Kaur says, “Despite being smaller outlets, the higher foot traffic at these outlet locations should more than offset the closure of the National Service Resort & Country Club (NSRCC) Seafood outlet in 2018.”
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).
