2024-04-29 04:57:04 ET
Summary
- The key positive for Jollibee Foods is that the company is making good progress with its plans to expand in overseas markets.
- JBFCF's key negative is that the growth outlook for its business operations in the Philippines is unfavorable, considering inflationary pressures.
- After assessing both the good and bad for the stock, I have chosen to award a Hold rating to Jollibee Foods.
Elevator Pitch
I award a Hold rating to Jollibee Foods Corporation ( JBFCF ) [JFC:PM]. My prior update, published on December 19, 2023, reviewed the company's Q3 2023 performance and touched on its overseas expansion plans....
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For further details see:
Jollibee Foods: The Good And The Bad (Rating Downgrade)