JUMBO's appetite for expansion could prove good for growth
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Nisha Ramchandani
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RESTAURANT group JUMBO Seafood could prove promising for investors as the chain sharpens its focus on expanding in China and the rest of Asia.
While the food-and-beverage (F&B) industry in Singapore is expected to remain challenging due to the slowing economy and stiff competition, some analysts are upbeat on the counter, pointing to its ongoing plans to grow its footprint outside of its home base.
"We expect revenue to be driven by more store openings in the medium (term), especially in China," wrote DBS Group Research analysts Alfie Yeo and Andy Sim in a recent report. "In Singapore, there will be scope for one or two more outlets, with one JUMBO Seafood outlet to be located in the business district.
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