Maybank keeps Jumbo at 'buy' following JV to bring Tsui Wah brand to Singapore

SINGAPORE (Mar 12): Maybank Kim Eng is maintaining its “buy” call on Jumbo Group with a target price of 70 cents.

This came on the back of the group on Friday announced that it has entered into a joint venture (JV) with Hong Kong’s Kang Wah Holdings to bring the Tsui Wah brand of “cha chaan teng” to Singapore.