Hong Kong listing seen better for Jollibee valuation than US

Jollibee Group

MANILA, Philippines — Jollibee Foods Corp.’s (JFC) international business could command a higher valuation in Hong Kong than in the United States, where its relatively smaller size may put it at a disadvantage against restaurant giants.

COL Financial chief equity strategist April Lynn Tan said a Hong Kong listing could position Jollibee Foods Corp. International (JFCI) as a mid- to large-cap quick-service restaurant (QSR) stock.

READ: Jollibee proceeds with Hong Kong listing

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