Jumbo (42R)

Latest update as of 21/03/2017 @$0.73:

• Jumbo Group has entered into a joint venture agreement with the Beijing Hualian Group to open its first Jumbo Seafood restaurant in Beijing, China. The restaurant is scheduled to open by the third quarter.
• I personally think that this joint venture are a smart move where it could indirectly help to promote the taste of Jumbo Group signature crabs and it attracts more people to visit Singapore in the future to try the origin Jumbo branch for its taste.
• This would indirectly further promotes Jumbo Group and bring more revenue.
• For more details information, please visit infopub.sgx.com.

 

Latest updates on 04/01/2017:

•  JUMBO Group has entered into its first franchise agreement to bring JUMBO Seafood to Vietnam, with the first restaurant expected to open mid-2017 in Ho Chi Minh City.
• The franchise agreement is for an initial term of 10 years commencing from 21 December 2016, which may be renewed for a further 10 years subject to certain conditions.
  For details, please refer to:
  Jumbo_Vietnam_Franchise_and_6th_NAS_Opening_Press_Release.pdf
  Jumbo_Vietnam_Franchise_and_6th_NAS_Opening.pdf

Business Overview:

Jumbo is an operator of F&B outlets in Singapore and China. Its anchor brand Jumbo Seafood is widely recognised for its signature Chilli Crab dish. Its overall business brands include Jumbo Seafood, JPOT - Hotpot Singapore Style, Ng Ah Sio Bah Kut Teh, Chui Huay Lim Teochew Cuisine, J Cafe - Singapore Local Delights, JUMBO Catering, JUMBO eShop, Yoshimaru Ramen Bar, and Singapore Seafood Republic.

The Company is engaged in retail sales of its packaged sauces and spice mixes for some of its dishes through its outlets, selected stores, supermarkets, travel agencies and online through the Jumbo eShop. The Company is also engaged in providing catering services in Singapore. The Company's retail packs include JUMBO Cereal Premix, JUMBO Chilli Crab Paste and JUMBO Black Pepper Crab Spice.

The Company has grown to over 20 restaurants in Singapore, China, Japan and recently expanded to Vietnam.

Refer to Jumbo Group SG website for the details reference of the company.

Dividend Payout: 

There is no constant dividend payout for Jumbo shares. This would based on any special announcement by the Company.

Therefore, for Investor hoping for a steady income profit from dividend stocks, this will not attracts their attention much.