Shares & Derivatives
Why this stock is heading south?
By Singapore Stocks Investing (SSI)  •  September 3, 2016
Since its IPO, Jumbo Group stock has been on an ascent. The attractive F&B scene, the support of investors like Temasek Holdings and Ron Sim, founder of Osim further lends a vote of confidence to investors vested in this stock. Jumbo has also plans to expand in China. But as we know for all stocks, the ascent of stocks could not be unabated. And the time has come for Jumbo Group stock to correct south.What has contributed to Jumbo stock slowing down? Well, there are many factors but perhaps one reason might be that with Zika rearing its ugly head in Singapore and more countries are now issuing travel advisories against Singapore, there is a possibility that tourism numbers to Singapore will slow and when that happens, investors might think the number of customers to Jumbo group of restaurants may head south too. If Zika is to continue, I ......
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By Singapore Stocks Investing (SSI)
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