Positive investor sentiment continues to support Jollibee Foods Corp. (JFC) but the homegrown food giant has not been spared recent market volatility. For JFC, “there may [have]some foreign sell-off but not as much as other index members because . “Investors’ sentiment towards JFC is good because of its increasing foreign presence,” Tan also said. “Jollibee is also a proxy for food prices in general and consumer sentiment. “Typhoon will lessen traffic…in some JFC [stores],” Limlingan added.

Source: Manila Times September 16, 2018 16:07 UTC