{"id":330526,"date":"2024-11-21T10:57:37","date_gmt":"2024-11-21T02:57:37","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330526"},"modified":"2024-11-21T10:57:40","modified_gmt":"2024-11-21T02:57:40","slug":"trade-the-news-jfc-to-finalize-tim-ho-wan-acquisition-by-jan-2025","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-jfc-to-finalize-tim-ho-wan-acquisition-by-jan-2025\/","title":{"rendered":"Trade the News: JFC to finalize Tim Ho Wan acquisition by Jan. 2025"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Jollibee Foods Corp. <\/td><\/tr>
Stock Code<\/strong><\/td>JFC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 335.28<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

JOLLIBEE Foods Corp. (JFC) expects to finalize the S$20.2-million acquisition of Hong Kong-based restaurant Tim Ho Wan by January 2025, according to its chief financial officer (CFO).<\/p>\n\n\n\n

\u201cBeginning January, this (Tim Ho Wan) brand and business of 80+ stores will be a subsidiary of JFC, so the ownership change will be January,\u201d JFC CFO Richard Shin said during a recent virtual media briefing.<\/p>\n\n\n\n

\u201cWhat we\u2019re doing from now until January is all the legal matters that need to be done, things like landlord consent, etc.,\u201d he added.<\/p>\n\n\n\n

Mr. Shin said that JFC\u2019s return on invested capital is expected to improve following the transaction.<\/p>\n\n\n\n

\u201cThis brand represents the lead brand in our fourth pillar, Chinese cuisine. What we\u2019ve seen is that Cantonese cuisine, whether it is dim sum, barbecue meat, or wok-fried dishes, which Tim Ho Wan now has all three, the taste profile of this brand will resonate very well across geographies,\u201d Mr. Shin said.<\/p>\n\n\n\n

Earlier this month, JFC announced that it would acquire full ownership of Tim Ho Wan after buying the remaining 8% stake held by other investors in Titan Dining LP (Titan Fund) for S$20.2 million or more than P890 million.<\/p>\n\n\n\n

The ownership and management of Tim Ho Wan will then be transferred to JFC subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) from Titan Dining LP (Titan Fund).<\/p>\n\n\n\n

Prior to the deal, JWPL has held a 92% participating interest in Titan Fund since January 2024.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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-330526","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\/330526","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=330526"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330526\/revisions"}],"predecessor-version":[{"id":330528,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330526\/revisions\/330528"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}