Jumbo stock had been a Singapore stocks market darling for the previous few months until its stock price slump recently. At its 52-weeks high, Jumbo stock traded at a high of $0.78 and currently the stock traded at $0.68 which means to say that Jumbo stock has corrected around 13% from its 52-week high.Jumbo stock has been on the radar of some investors as Jumbo’s whose Chili crab restaurant business is quite successful in Singapore is also eyeing the China markets in a bid to diversify its markets. Jumbo also has Ron Sim, founder of Osim holding an almost 10% stake in the company. Many retail investors have believed that Jumbo is a growth stock with much more potential in its stock price.
SGX website has a consensus target price of $0.708 for Jumbo which implies a potential 4.12% upside for the stock from the …Read the full article →