BreadTalk

BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain
SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year. This was largely due to the absence of a $9.3 million net capital gain from the divestment of BreadTalk’s partial stake in TripleOne Somerset, excluding which the group would have seen 1.1% higher core net ...
Winners and losers from Singapore's budget as election looms
SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. ...
GrabPay now available at BreadTalk, to roll out at Toast Box in Oct
SINGAPORE (Aug 8): BreadTalk has partnered with Grab to introduce the ride hailing and mobile payments app’s GrabPay service across its 42 bakery outlets across Singapore. Starting from Oct, the partnership will extend to the group’s subsidiary brand Toast Box, such that GrabPay services will also be accepted across 63 of its outlets island wide.   In a Wednesday release, BreadTalk ...
BreadTalk gets too pricey for RHB's taste; FY18 earnings projected to decline
SINGAPORE (Aug 3): RHB Research is downgrading its call on BreadTalk to “sell” from “neutral” with a lower target price of $1 compared to $1.04 previously, as the research house expects FY18F earnings to decline on rising overhead costs and weaker JV & associates performance. This comes after the group’s 2Q18 results missed expectations due to losses from associates and joint ...
BreadTalk growth seen to accelerate: RHB
SINGAPORE (July 19): RHB is reiterating its “neutral” recommendation on BreadTalk with an increased target price of $1.04. This came following the research house having a conversation with BreadTalk, which led to RHB expecting earnings growth for the group to accelerate in FY19-20, as its new F&B concepts mature. Chan Ying Jian, CFO of BreadTalk said during the conversation that the ...
BreadTalk's new ventures are mouth-watering, but at what cost?
SINGAPORE (May 23): RHB Research is maintaining its “neutral” call on BreadTalk with a target price of 93 cents after the group signed a joint venture (JV) agreement to bring new tea beverages as well as cafes to Singapore and Thailand. To recap, BreadTalk has partnered Shenzhen Pindao Food & Beverage Management Co. to bring two popular Chinese tea brands, Nayuki and Tai Gai, to ...
Surbana Jurong, F&N join Randstad's 2018 list of top companies to work for in Singapore
SINGAPORE (Apr 26): Recruitment and HR services agency Randstad has released its list of top 75 companies to work for in Singapore based on findings from its latest Randstad Employer Brand Research 2018. See: 18 new companies join Singapore’s Top 75 employers for 2017 In its 18th edition, the global independent annual survey measures the world’s 75 largest companies by workforce ...
Take profit on BreadTalk before rising capex & start-up costs set in, advises RHB
SINGAPORE (Mar 19): RHB advises investors to sell BreadTalk and take profit given its current share price is approaching the target of $2. The research house recommends buying back the stock when prices are closer to $1.70, which implies six times core EV/EBITDA plus investment properties’ net asset value (NAV). This is due to expectations of rising capex and start-up costs which could ...
BreadTalk partners Wu Pao Chun Bakery to expand into 4 major China cities
SINGAPORE (Mar 12): BreadTalk announced that its wholly-owned subsidiary, Shanghai Star Food F&B Management has entered into a joint venture agreement with Taiwanese bakery brand, Wu Pao Chun Food (WPC), to operate the Wu Pao Chun brand of bakeries in Beijing, Shanghai, Shenzhen and Guangzhou. Under the agreement, the joint venture company entered into a master franchise agreement with WPC ...
BreadTalk's FY17 earnings double to $21.8 mil
SINGAPORE (Feb 22): BreadTalk announced FY17 earnings of $21.8 million, almost double the $11.4 million recorded in FY16. The stronger botttomline came on the back of lower cost of sales and losses from associates as well as higher other income and interest income. For FY17, group revenue dropped 2.5% to $599.7 million from $615.0 million a year ago, in line with its consolidation strategy ...