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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  Jollibee Foods Corporation    JFC   PHY4466S1007

JOLLIBEE FOODS CORPORATION

(JFC)
  Report
End-of-day quote. End-of-day quote Philippines Stock Exchange - 03/31
106.4 PHP   +3.30%
03/05Thailand rises on rate cut prospects; others post slim gains
RE
02/05JOLLIBEE FOODS : closes stores in China
AQ
02/03JOLLIBEE : 14 Stores Temporarily Closed in Hubei Province
DJ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Philippines hits two-week low on Jollibee Foods; most others edge higher

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07/25/2019 | 12:34am EDT
A Thai investor reads a newspaper in front of an electronic board displaying live market data at a stock broker's office in central Bangkok

(Reuters) - Philippine shares hit a two-week low on Thursday, dragged by sharp losses in fast-food giant Jollibee Foods Corp, while most other Southeast Asian markets inched higher ahead of a key European Central Bank meeting later in the day.

Jollibee declined as much as 8%, wiping out $850 million in market value in two days after the country's largest food service network operator said it was buying loss-making U.S.-based Coffee Bean & Tea Leaf.

The sharp losses underlined investors scepticism over Jollibee's foray into the U.S. market as hamburger chain Smashburger Master's performance is expected to weigh on the company's earnings, according to analysts.

Jollibee acquired Smashburger last year. Shares of Jollibee, which hit their lowest in nearly two years, have lost 12.1% in the past eight sessions.

The benchmark Philippine stock index <.PSI> slipped as much as 0.6% after a 1% drop in the previous session.

Among other Southeast Asian markets, Singapore <.STI> and Thailand firmed 0.3% and 0.2%, respectively, while Indonesia <.JKSE> edged higher.

This comes as soft economic data cemented case for monetary action by the ECB. The euro zone reported weaker-than-expected data for business activity in July, with manufacturing and foreign trade, considered the engine of recent economic growth, contracting heavily.

Adding to the sentiment is the upcoming U.S. Federal Reserve meeting, merely days after the ECB, where a quarter-point cut is widely expected.

In Indonesia, telecom and financial stocks were among the top gainers, with state-owned network services provider PT Telekomunikasi Indonesia (Persero) Tbk and lender Bank Rakyat Indonesia (Persero) Tbk PT rising 0.7% each.

The country's planning ministry on Wednesday revealed plans to lift its economic growth to an average of 6% annually during President Joko Widodo's second term in office by attracting more investment in the infrastructure sector.

(Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)

By Anushka Trivedi

Stocks mentioned in the article
ChangeLast1st jan.
JOLLIBEE FOODS CORPORATION 3.30% 106.4 End-of-day quote.1.33%
PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA TBK 0.64% 3160 End-of-day quote.-0.63%
PT BANK RAKYAT INDONESIA (PERSERO) TBK 0.33% 3020 End-of-day quote.-2.58%
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Latest news on JOLLIBEE FOODS CORPORATION
03/05Thailand rises on rate cut prospects; others post slim gains
RE
02/05JOLLIBEE FOODS : closes stores in China
AQ
02/03JOLLIBEE : 14 Stores Temporarily Closed in Hubei Province
DJ
01/26JOLLIBEE FOODS : Equal opportunity work program brings PWD couple to Jollibee
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01/17SOUTHEAST ASIA STOCKS : Gain as solid China data fuels risk appetite; Philippine..
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01/14JOLLIBEE FOODS : opens 2 stores in 1 week as part of US expansion
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2019JOLLIBEE FOODS CORPORATION : Ex-dividend day for interim dividend
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2019JOLLIBEE FOODS : says 'to expand and operate' Tim Ho Wan in China
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2019JOLLIBEE FOODS : begins rapid US expansion
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2019JOLLIBEE FOODS : JFC completes purchase of Coffee Bean Tea Leaf
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More news
Financials (PHP)
Sales 2019 181 B
EBIT 2019 5 646 M
Net income 2019 6 005 M
Debt 2019 3 142 M
Yield 2019 2,03%
P/E ratio 2019 18,8x
P/E ratio 2020 21,8x
EV / Sales2019 0,64x
EV / Sales2020 0,54x
Capitalization 113 B
Chart JOLLIBEE FOODS CORPORATION
Duration : Period :
Jollibee Foods Corporation Technical Analysis Chart | JFC | PHY4466S1007 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 181,67  PHP
Last Close Price 103,20  PHP
Spread / Highest target 176%
Spread / Average Target 76,0%
Spread / Lowest Target -22,5%
EPS Revisions
Managers
NameTitle
Ernesto Tanmantiong President, CEO & Executive Director
Tony Tan Caktiong Chairman
Ysmael Villoso Baysa CFO, Compliance Officer & VP-Corporate Finance
Chuan Hua Yang Vice President & Head-Research & Development
William Tan Untiong Secretary & Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
JOLLIBEE FOODS CORPORATION1.33%2 296
STARBUCKS CORPORATION-28.78%77 159
COMPASS GROUP PLC-38.57%24 989
SODEXO-44.16%9 867
DARDEN RESTAURANTS, INC.-57.78%6 617
JUBILANT FOODWORKS LIMITED4.26%2 573