Jumbo Group - Tsui Wah Opening A Success | I3investor

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Jumbo Group - Tsui Wah Opening A Success

StockFanatic

Publish date: Wed, 27 Jun 2018, 01:47 PM

Jumbo has opened the first Tsui Wah outlet, known for its crispy bun served with condensed milk, in Clarke Quay in Jun 18. The outlet has so far seen a very positive response with queues in the late afternoon on some days. We are optimistic that Tsui Wah will mirror the success seen in Hong Kong, Macau and China. Maintain HOLD with a DCF-based target price of S$0.53. Suggested entry price: S$0.48.

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