Brokers' take

Jumbo Group | Buy Jan 13 close: S$0.455 Target price: S$0.58 Maybank Kim Eng, Jan 13

Nuggets of information gleaned from our recent meeting suggest a faster turnaround for its new China outlets. Raffles City Shanghai's startup costs could be lower than expected and IFC Mall could break even sooner, as it will open in time to catch CNY business. First quarter FY2016 should provide insights and potentially, earnings upside. Our "Buy" call will be reinforced if current forecasts prove too conservative. We leave them unchanged for now. Buy with a blended 25 times price/earnings and discounted cash flow target price (weighted average cost of capital 9.2 per cent) of S$0.58.

Sheng Siong | Buy Jan 13 close: S$0.83 Target price: S$1.05 RHB Research Institute, Jan 13