Jumbo Group suffers 71.5% earnings drop

14 May 2020 - The Edge Markets
SINGAPORE (May 14): The Covid-19 outbreak has caused restaurant operator Jumbo Group to suffer a 71.5% y-o-y drop in earnings to $2.1 million for its 1HFY20 ended March 31. Revenue in the same period was down 13.1% y-o-y to $66.7 million. “The last few months have proved to be the most challenging periods ...
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Jumbo expects 'significant decline' in 1HFY2020 profits as Covid-19 restrictions batter operations

4 May 2020 - The Edge Markets
SINGAPORE (May 4): Restaurant chain operator Jumbo Group is expecting to report a “significantly lower profit after tax” for 1HFY2020. In a profit warning issued on Monday after market hours, the group says it has suffered a “significant decline” in its Singapore revenue from January to March, due to ...
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Stocks to watch: Sembcorp, SIA, Singtel, OCBC, Biolidics, Raffles Medical

27 Apr 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Monday: Sembcorp Industries: The conglomerate on Monday said its wholly-owned subsidiary has obtained a court order to restrain Universal Terminal - co-owned by beleaguered oil trader Hin Leong Trading - from ...
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15 companies that will benefit from the Covid-19 Resilience Budget - AsiaOne

27 Mar 2020 - AsiaOne

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STI's rally loses steam, ends 0.7% lower on Thursday

26 Mar 2020 - The Business Times
The recent rally in the Singapore equity market fizzled out on Thursday, as optimism gave way to the harsh reality facing the local economy due to the Covid-19 outbreak. Before trading commenced, official advanced growth estimates showed a 2.2 per cent contraction in Q1, worse than street expectations ...
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Not all-gloomy: retail sales shift to supermarkets

25 Mar 2020 - Singapore Business Review
Sheng Shiong’s and Dairy Farm’s earnings would likely grow by around 3%. As local communities are panicking over the COVID-19 pandemic, retail demand has turned to supermarkets as grocery sales followed the same boost seen during SARS in 2003, according to DBS Group Research. Travellers being grounded ...
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Hospitality & tourism to slow down amidst Coronavirus outbreak

27 Jan 2020 - Singapore Business Review
Singapore hotels’ performance will likely imitate the 42% fall in daily average rate during the SARS outbreak. Singapore hotels’ average occupancy rates (AOR), and average daily rates (ADR) are sighted to plunge should the SARS-like outbreak develop further, according to a report by DBS equity research. ...
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Jumbo opens maiden bak kut teh and chicken rice restaurants in Shanghai

16 Dec 2019 - The Edge Markets
SINGAPORE (Dec 16): Jumbo Group, the food and beverage (F&B) operator, has opened its first Ng Ah Sio Bak Kut Teh and Xinyao Hainanese Chicken Rice restaurants in China. Located at Shanghai One International Trade Centre (ITC), the Ng Ah Sio restaurant can seat up to 68 people, while Xinyao can seat ...
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Stocks to watch: DBS, UOB, Keppel, Debao, Mercurius, Jumbo, Raffles Infra, Sim Leisure

16 Dec 2019 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Monday: DBS, UOB: UOB and DBS have teamed up with Standard Chartered Bank (Singapore) to extend a S$945 million green loan to Allianz Real Estate and Gaw Capital Partners, the banks announced on Monday morning. The ...
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Stocks to watch: OCBC, Keppel Infra Trust, Kimly, Jumbo, mm2 Asia, United Global, Biolidics

27 Nov 2019 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Wednesday: OCBC Bank: The lender has priced A$500 million (S$463 million) of senior floating-rate green notes due 2022 under its US$30 billion global medium term note programme. The notes will bear interest at ...
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