Punters like their chilli crab
Jumbo Group up 3.7% with almost 16 million shares traded; ST Index down 2.3 points at 2,875.32
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IT IS perhaps fitting, given the state of the Singapore market, that one of the hottest stocks in town is a Catalist-listed chilli crab restaurant making just over S$10 million in net profit a year.
Jumbo Group ended Monday's trading at S$0.425, up 1.5 cents or 3.7 per cent. Almost 16 million shares were traded, putting its traded value of S$6.7 million ahead of blue chips such as City Developments, Hongkong Land, CapitaMall Trust and SIA.
Jumbo is now trading at 25 times its financial year 2015 earnings per share of 1.7 cents. The stock listed in November. Since its first-day pop of nine cents from its offering price of S$0.25, Jumbo's closing prices have fluctuated between S$0.31 and S$0.43.
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