{"id":328746,"date":"2024-08-05T00:41:05","date_gmt":"2024-08-04T16:41:05","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328746"},"modified":"2024-08-05T00:41:07","modified_gmt":"2024-08-04T16:41:07","slug":"trade-the-news-jfc-to-open-more-tim-ho-wan-stores-in-china","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-jfc-to-open-more-tim-ho-wan-stores-in-china\/","title":{"rendered":"Trade the News: JFC to open more Tim Ho Wan stores in China"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Jollibee Foods Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>JFC<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 335.28<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Jollibee Foods Corp. (JFC) disclosed that it plans to put up more Tim Ho Wan branches in China this year following its successful expansion in 2023. Tim Ho Wan, its flagship Chinese cuisine brand, has continued to gain momentum in China after the launch of its 19th store in the country last year.<\/p>\n\n\n\n<p>\u201cOverall, 2023 was a year filled with business opportunities in China with Tim Ho Wan performing well and delivering multiple achievements,\u201d JFC president and CEO Ernesto Tanmantiong said.<\/p>\n\n\n\n<p>\u201cThis 2024, we are optimistic and geared up to continue achieving new milestones and further boosting our presence in the country,\u201d he said.<\/p>\n\n\n\n<p>In 2018, JFC invested $45 million to own a 45 percent participating interest in Titan Dining LP which was the master franchisee of Tim Ho Wan in Asia-Pacific and has since raised its investment in the brand.<\/p>\n\n\n\n<p>With its growing appeal in China, Tim Ho Wan opened in April last year its 19th location in Wuxi, a city with a population of 7.49 million people in the southern Jiangsu province in eastern China.<\/p>\n\n\n\n<p>Tim Ho Wan also opened a store in Beijing, China\u2019s capital with more than 22 million residents, in January 2023.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328746","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328746"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328746\/revisions"}],"predecessor-version":[{"id":328748,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328746\/revisions\/328748"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}