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UOB KAYHIAN

UOB KAYHIAN

Jumbo Group (JUMBO SP) Second Tsui Wah Outlet In Singapore

Jumbo has opened a second Tsui Wah (Hong Kong-style “Cha Chaan Teng”) outlet in Singapore, known for its crispy buns served with condensed milk, at The Hereen along Orchard Road. The group plans to open a third outlet in Singapore in the next 12 months.

F&B industry data remain healthy with F&B service index posting growth of 3.2% yoy in 7M19. Maintain HOLD and PE-based target price of S$0.37. Suggested entry price: S$0.33.

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Singapore Strategy

Energy Correlation

The recent attack on key oil assets in Saudi Arabia is significant in our view as it took out 5% of global oil production. We examine the correlation of Singaporean companies with oil prices. On a 1-year historical basis, China Aviation Oil, Keppel Corp, Sembcorp Industries, Falcon Energy and Baker Technology showed the highest correlation.

 

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LionelLim8.16Check out our compilation of Target Prices



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Counter NameLastChange
AEM Holdings2.4900.120
Best World2.460-
Boustead Singapore0.9550.010
Broadway Ind0.130-0.003
China Aviation Oil (S)0.920-
China Sunsine0.420-
ComfortDelGro1.5000.020
Delfi Limited0.895-
Food Empire1.3000.040
Fortress Minerals0.3100.010
Geo Energy Res0.3100.005
Hong Leong Finance2.5300.030
Hongkong Land (USD)3.110-0.030
InnoTek0.5600.010
ISDN Holdings0.305-
ISOTeam0.044-
IX Biopharma0.0430.001
KSH Holdings0.250-
Leader Env0.047-
Ley Choon0.044-0.001
Marco Polo Marine0.0700.003
Mermaid Maritime0.1420.003
Nordic Group0.3100.005
Oxley Holdings0.088-
REX International0.132-0.001
Riverstone0.8200.025
Southern Alliance Mining0.430-
Straco Corp.0.485-
Sunpower Group0.200-0.010
The Trendlines0.063-0.004
Totm Technologies0.021-0.001
Uni-Asia Group0.820-
Wilmar Intl3.340-0.130
Yangzijiang Shipbldg1.720-0.020
 

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