Management flagged that a 'step up' in investment is expected in FY22 to support the company's domestic and offshore growth strategy and reduce execution risk.
While organic B2B/B2G contracts can take time to execute, the broker continues to believe Jumbo is well placed to grow its SaaS/MS businesses over time, which remain exposed to large, global addressable markets affording a long runway of potential growth.
Add retained. Target is increased to
Sector: Consumer Services.
Target price is
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