I've been accumulating JFC (Jollibee Food Corporation) stocks for the past week. I am led to believe that it has corrected already because it retraced up to 66%. That's a deep correction! Furthermore, support is heavy at P86.
Just a while ago, the PSE disclosed that JFC has acquired a percentage of a large Vietnamese company that operates various restaurant-chains in Vietnam, and all of its Chow King stores from Fortune Food Services Inc. who was licensed to manage said stores in the U.S. This means that JFC is really expanding its restaurant business portfolio to tap other countries, and may be serious in growing their Chow King stores in the U.S. because of its potential. I hope this good news can help JFC's price reach P100.00 already.
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