Jumbo Group

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Jumbo Extends North Asia Footprint to South Korea

* Entered into a joint venture agreement with TCI Inc., a subsidiary of Didim Inc., a F&B company listed on KOSDAQ
* This is Jumbo’s first foray into the South Korean market, in line with the Group’s plans to expand its portfolio of brands to major cities in Asia

More details in http://infopub.sgx.com/FileOpen/Jumbo_Ex...eID=543772

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JUMBO Further Expands Footprint in Singapore

JUMBO Group Limited, one of Singapore’s leading multi-dining concept food and beverage ("F&B") establishments, as part of its expansion in Singapore, has opened a new JUMBO Seafood outlet at Jewel Changi Airport, as well as launched two new dining concepts – Zui Yu Xuan Teochew Cuisine (" 醉宇轩经典潮膳 ") and Chao Ting (" 潮亭 ") at Far East Square, today.

The opening of the JUMBO Seafood outlet at Jewel Changi Airport comes on the back of the successful opening of the JUMBO Seafood outlet at ION Orchard. With six JUMBO Seafood outlets in Singapore, the Group now has a footprint of 17 JUMBO Seafood outlets across nine cities in Asia.

The JUMBO Seafood outlet at Jewel Changi Airport occupies a total floor space of over 4,000 square feet, with a seating capacity of approximately 108 seats, which includes 2 VIP rooms –the largest of these rooms can accommodate up to 12 guests.

More details in https://links.sgx.com/FileOpen/Jumbo_Fur...eID=551853

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Jumbo Opens Second Ng Ah Sio Bak Kut Teh Outlet in Taiwan

Highlights :
* Strategically-located within Zhongshan District and near to Taipei Main Station
* Plans to open two more outlets in Taiwan in the next 12 months
* Together with its outlets in Singapore, the opening of the second Taipei outlet brings the total number of NG AH SIO Bak Kut Teh outlets to six
* The Singapore outlets are located at Rangoon Road, Chui Huay Lim Club, The Shoppes at Marina Bay Sands, and Resorts World Sentosa

More details in https://links.sgx.com/FileOpen/Jumbo_Ope...eID=557379

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Jumbo Expands Footprint in Taiwan with Opening of Third Ng Ah Sio Bak Kut Teh Outlet
* Brings total number of NG AH SIO Bak Kut Teh outlets in Asia to seven
* Strategically located at Big City Mall, a popular retail and lifestyle destination location at the heart of Hsinchu City

JUMBO Group Limited announced the opening of its NG AH SIO Bak Kut Teh franchise outlet in Hsinchu City, Taiwan.

This is the Group’s third NG AH SIO Bak Kut Teh franchised outlet, and comes on the back of the recent successful opening of its second Taipei outlet in April 2019. Together with its four locations in Singapore, this brings the total number of NG AH SIO Bak Kut Teh outlets across Asia to seven.

Through its franchisee, Ho Sing Food Co., Ltd. (和興餐飲股份有限公司, “Ho Sing”), NG AH SIO Bak Kut Teh opened its first outlet outside of Singapore in July 2018. JUMBO had also previously partnered with Ho Sing to successfully introduce the JUMBO Seafood brand in Taiwan.

More details in https://links.sgx.com/FileOpen/Jumbo_Ope...eID=565330

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Jumbo Seafood Makes Debut in Seoul's Upscale Gangnam District
* Marks opening of the sixth franchised JUMBO Seafood restaurant
* Expands network of JUMBO Seafood restaurants across Asia to 18

This is the Group’s sixth franchised JUMBO Seafood restaurant. The Group has five other franchised JUMBO Seafood outlets in the cities of Bangkok, Fuzhou, Ho Chi Minh, Taipei and Taichung. This latest restaurant opening brings the total number of JUMBO Seafood restaurants across Asia to 18.

JUMBO’s indirect wholly-owned subsidiary, JUMBO F&B Services Pte Ltd., had on 15 February 2019 entered into a joint venture agreement with TCI Inc., a member of Didim Inc., a F&B company listed on KOSDAQ, a trading board of Korea Exchange in South Korea, to introduce JUMBO Seafood to South Korea.

The newly-opened JUMBO Seafood restaurant is located within Academy Plaza and situated next to Dogo Station in the Gangnam district. Gangnam is one of the upscale neighbourhoods in South Korea, featuring luxury residential real estate properties and home to upmarket fashion brands. The area is also frequented by tourists. The restaurant’s strategic location will allow JUMBO to leverage on the affluent crowd in the area.

The JUMBO Seafood Seoul restaurant occupies a total floor area of approximately 827 square metres. The restaurant’s seating are all indoors, with a seating capacity of 200 persons.

More details in https://links.sgx.com/FileOpen/Jumbo_Sea...eID=570540

[karlmarx]

While its expansion may demonstrate to shareholders of its commitment to growing the business, these franchisee stores are growing too slow to be able to contribute to Jumbo's bottom line in any meaningful way.

There are only two geographical segments of Jumbo that investors should pay attention to. The first is its Singapore business, which has matured. The second is its China business, which is growing. Jumbo owns and operates the stores in these two countries.

[mkzhou88]

how is this chili crab doing? any potential?

[¯|_(ツ)_/¯]

Jumbo 1HFY2021 Result
Rev S$45m (vs 66m)
GP  S$28m (vs 41m)
NP  S$-4m (vs 0.9m)

As major economies progress into different stages of their respective vaccination process, the Group believes that the business and financial performance of the Group would gradually recover, alongside probable measured re-opening of international borders as the pandemic situation stabilises. Nonetheless, the Group is realistic about the timeline of recovery, which will probably be protracted, given periodic community outbreaks in the countries which the Group operates in and are surrounded by, and these shall continue to adversely affect its business operations.

Meanwhile, the Group intends to continue strengthening its brand portfolio by actively seeking out partnerships and/or acquire Singapore heritage brands. The Group believes that a diversified brand portfolio which represents an authentic Singapore food culture and flavours will place the Group in a strong position to cater to the local mass market and tourists when international travels regain momentum post COVID-19. Besides intensifying its efforts to contain costs and improve operational efficiency through digitalisation and consolidation initiatives, the Group is also closely watching the health of its balance sheet and liquidity position and does not foresee any imminent challenges in meeting its working capital requirements.

https://links.sgx.com/FileOpen/JUMBO_1H_...eID=666506

Gratitude.

[john]

Re Jumbo's OFF-MARKET EQUAL ACCESS SHARE BUYBACK OFFER of $0.26 a share. Can't imagine anyone could be interested in such a low offer? Especially when  it's prospects have improved lately. Pleased to hear from forumers.

[john]

Re Jumbo's OFF-MARKET EQUAL ACCESS SHARE BUYBACK OFFER of $0.26 a share. Can't imagine anyone could be interested in such a low offer? Especially when  it's prospects have improved lately. Pleased to hear from forumers.