Jumbo Group Limited

DBS loses appetite on Jumbo as Covid-19 impacts earnings

The timing of the outbreak comes at an unfortunate time for Jumbo, as this is typically a seasonally stronger quarter for the group.

SINGAPORE (Dec 16): Jumbo Group, the food and beverage (F&B) operator, has opened its first Ng Ah Sio Bak Kut Teh and Xinyao Hainanese Chicken Rice restaurants in China.

SINGAPORE (Nov 27): Analysts are still hungry for more of Jumbo even after the group's revenue came in flat at about $153.6 million in FY19 from $153.7 million in FY18.

SINGAPORE (Nov 27): Restaurant chain operator Jumbo Group reported a 5.9% increase in full-year earnings to $11.7 million for FY2019 ended September, from $11.0 million a year ago.

SINGAPORE (Sept 27): UOB Kay Hian is keeping its “hold” recommendation on Jumbo with a target price of 37 cents and an entry price of 33 cents, following the opening of Jumbo’s second Tsui Wah outlet in Singapore.

SINGAPORE (Sept 27): UOB Kay Hian is keeping its “hold” recommendation on Jumbo with a target price of 37 cents and an entry price of 33 cents, following the opening of Jumbo’s second Tsui Wah outlet in Singapore.

SINGAPORE (Sept 17): Jumbo Group has opened its second Tsui Wah outlet in Singapore, located at The Heeren along the Orchard Road shopping belt.

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.

SINGAPORE (Aug 13): Jumbo Seafood restaurants serve up Singaporean-style Chinese seafood cuisine that is popular with locals and tourists alike.