Jumbo: Maybank KE visited Jumbo’s new restaurant at the IFC Mall in Shanghai, and walked away encouraged.
The IFC outlet is expected to help China ops turn to profitability soon, even as soon as 2QFY16, where results will be reported next week.
The house expects strong 15-16% growth in the top and bottom line respectively. Maybank KE maintains Buy with TP of $0.58
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