Company Background
Jumbo is a local restaurant group that specialises in Seafood. Jumbo Seafood, a Singapore-style seafood restaurant is known for its chilli and black pepper crabs. From a single seafood restaurant, the company has grown to over 20 restaurants in Singapore, China and Japan.
Other brands by Jumbo Group include JPot, Ng Ah Sio Bak Kut Teh, Chui Huay Lim Teochew Cuisine and Yoshimaru Ramen.
For more information, see company website at:
http://www.jumboseafood.com.sg/en/
Recent Positive Signals
- Company reported good quarterly results in its latest quarter
- Analyst reports generally upbeat about the company
- More imporantly, Jumbo broke a 49-cent resistance level today, touching a high of 51 cents before coming back to close and rest at 49 cents. This is now a support level instead of a resistance level.
Market Action
19 May 2016 (Thu) - Bought Jumbo at 49 cents.
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