This F&B stock is brimming with growth potential

SINGAPORE (Oct 10): UOB Kay Hian is keeping restaurant chain operator Jumbo Group at “hold” with an unchanged target price of 60 cents despite noting that the group is on track with its expansion plans, with more potential joint venture (JV) and franchise opportunities ahead.   

This is due to the stock’s current share price of 63 cents, as opposed to the research house’s recommended entry price of 54 cents.

In a Monday report, analysts Nicholas Leow and Andrew Chow say they continue to view Jumbo as a “strong cash-generative consumer play with defensive characteristics”.

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