![JUMBO GROUP LIMITED (SGX:42R) | SGinvestors.io](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU6eAS72Pgz7MDtpy50xXsSzc11fPbbXwoNMyLT_hg-T8xejycmPXoj032DAhSY8H7F01XcaV1gS2aWAzwGAyRTyJRvQr1SOt904-UStie8HxFTlKnPJDRwq4Q-dH4mibQRIaGNN1i7eKm/s1600/Jumbo+Group+Limited.png)
Jumbo Group Limited - In Rapid Regional Expansion Mode
- JUMBO is rapidly expanding into new cities in Asia and plans to open more JUMBO Seafood franchise outlets over the next four years.
- Operating cost per sq ft of restaurant space was down 16.5% q-o-q in 3QFY18 due to cost optimisation efforts, which could lead to margin uplift in future.
- We think JUMBO’s net profit will trough in FY18F, before strong recovery in FY19F. Maintain ADD with lower Target Price of S$0.58 after adjusting cost estimates.
Number of franchise outlets to quintuple by end-FY18F
- JUMBO added three new JUMBO Seafood franchise outlets in Taipei, Taichung and Fuzhou in FY9/18F and plans to open one new franchise outlet in in Bangkok by end- 2018F. We estimate its franchise outlet count will rise to five by end-FY18F, including one Bak Kut Teh franchise outlet that was opened in Taipei in Jul 2018.
- JUMBO plans to add 5-6 franchise outlets each year and ......
~ SGinvestors.io ~ Where SG investors share
Renowned chilli crab restaurant chain in Singapore still growing
- JUMBO Seafood outlets in Singapore continue to capitalise on their signature chilli crab dish, evidenced by .....
- Other F&B brands under the JUMBO group also showed improvement in sales per ......
Colin TAN
CGS-CIMB Research
|
Cezzane SEE
CGS-CIMB Research
|
https://research.itradecimb.com/
2018-10-04
SGX Stock
Analyst Report
0.58
Down
0.620