Jumbo: (S$0.465) 1Q16 earnings finger licking good
- 2QFY16 net profit of $5.8m (+49.4%).
- Revenue jumped 18.5% on contributions from all three Shanghai outlets in China and increased sales at its Singapore restaurants.
- Maybank KE cited 2Q16 may be the start of a virtuous EPS upgrade cycle.
- House upped its TP from $0.58 to $0.62 and maintains its Buy rating.
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