Sunday, March 12, 2017

COULD THIS STOCK BOUNCE BACK NEXT?


Jumbo stock
Jumbo stock had been a Singapore stocks market darling for the previous few months until its stock price slump recently. At its 52-weeks high, Jumbo stock traded at a high of $0.78 and currently the stock traded at $0.68 which means to say that Jumbo stock has corrected around 13% from its 52-week high. Jumbo stock has been on the radar of some investors as Jumbo’s whose Chili crab restaurant business is quite successful in Singapore is also eyeing the China markets in a bid to diversify its markets. Jumbo also has Ron Sim, founder of Osim holding an almost 10% stake in the company. Many retail investors have believed that Jumbo is a growth stock with much more potential in its stock price.

SGX website has a consensus target price of $0.708 for Jumbo which implies a potential 4.12% upside for the stock from the current stock price. Whether or not the current price is an attractive entry for investors or should investors wait further remains to be seem. Jumbo currently trades at a Price-to-Earnings ratio of 27.173, this compares with the Price-to-Earnings ratio of 17.195 of Japan Food stock. ABR Holdings stock currently trades at a Price-to-Earnings ratio of 29.74. These Price-to-Earnings ratio do give investors a gauge on whether Jumbo stock price is attractive now. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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