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Brokers' take

Published Mon, May 16, 2016 · 09:50 PM
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Jumbo Group | Buy May 16 close: S$0.465 Target price: S$0.62 Maybank-Kim Eng Research, May 16

Q2 2016 beat our expectations. We raise FY16E EPS (earnings per share) by 6 per cent. As expected, China was the biggest driver, with revenue up 94 per cent and all three Shanghai outlets operating profitably. However, Singapore revenue also rose a strong 12 per cent on the back of more Chinese tourist arrivals. Maintain buy. We believe Jumbo has embarked on a virtuous cycle of EPS upgrades that can last for years to come.

Singapore Airlines | Buy May 16 close: S$10.80 Target price: S$12.50 DBS Group Research, May 13

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