SINGAPORE (Sept 28): Maybank Kim Eng is updating Jumbo to a "purchase" with a higher target cost of 78 pennies, while minimizing Sheng Siong to "hold" with an objective cost of $1.13.
In a report on Tuesday, examiner Gregory Yap refers to Jumbo's franchising as a positive component while Sheng Siong's impetuses are blurring with the postponement with its lady China store and conclusion of the Verge outlet.
Yap refers to kind sized as a "stock to claim" as the year enters the occasional 4Q top. Impetuses, for example, franchising business advancement endeavors ought to kick in by 1Q2017.
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