“The stock is currently trading at a forward P/E of 30.8x, and EV/EBITDA of 4.5x for FY2023 respectively,” he writes.
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.
