Fast Food Giant Jollibee To Acquire Tim Ho Wan Franchises In APAC For US$33.4M

Jollibee Foods Corp (JFC) announced yesterday that it would invest US$33.4 million (S$45 million or Php 1.74 billion) in a private equity fund that is set to acquire the master franchise of Tim Ho Wan in the Asia Pacific.

In a disclosure to the Philippine Stock Exchange, Jollibee said that it would account for 45 per cent of the total committed investments in Titan Dining LP, which is worth S$100 million. Read More

TECHNICAL CHART & OUR VIEWS

KEY TAKEAWAYS

  • The timing of the purchase is good as China slows-down
  • We will not see a impact yet as the consumer spending have lessen in China
  • We believe its a good move by JFC to move to China as US is at the peak now
  • JFC recent big purchases will put to earnings under pressure in the short-term
  • Price is now seating at critical support

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Article by: Ashok MBA – Strategic Financial Markets Coach

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