Breadtalk Group

BreadTalk launches Singapore's first Wu Pao Chun Bakery

SINGAPORE (June 17): BreadTalk announced that Wu Pao Chun has launched its first bakery in Capitol Singapore on June 14.

See: BreadTalk partners Wu Pao Chun for expansion into Singapore and Hong Kong

The 350 sqm bakery, which is named after the founder, is the result of a partnership between BreadTalk Group and Wu Pao Chun.

Breadtalk kept at 'hold' by DBS as it awaits better earnings quality

SINGAPORE (May 14): DBS Group Research is maintaining Breadtalk Group at “hold” with 92 cents target as outlook for the group continues to be mixed.

Breadtalk’s 4orth division posted startup losses while new restaurants remain a drag on operating profit. Revenue from its bakery in China has also yet improve.

Looking ahead, higher startup costs are expected for its second Din Tai Fung in London.

BreadTalk reports 52.4% higher earnings of $1.7 mil on higher revenue

Singapore (May 7): BreadTalk Group has announce earnings of $1.7 million for 1Q19, up 52.4% from $1.1 million in earnings a year ago on higher revenue.

Revenue for the quarter rose 6.1% to $157.6 million from $148.5 million a year ago, led by growth across all business divisions. The group attributes this to its continual focus on improving the quality of its products as well as the overall efficiencies in the central kitchen and procurement efforts.

BreadTalk seen less appetising after a weak 3Q; RHB slashes earnings estimates

SINGAPORE (Nov 7): RHB Research is maintaining its “sell” call on BreadTalk Group with a lower target price of 75 cents from $1 previously, after cutting FY18-20 forward earnings estimates by about 30% per annum to factor in the gestation of new businesses as well as higher interest costs.

The research house has also lowered its target EV/EBITDA for BreadTalk’s core business to 5.5 times from 7 times previously in its sum-of-parts valuation to account for a slower growth in EBITDA.

BreadTalk's 3Q earnings fall 41.7% to $2.1 mil on higher expenses

SINGAPORE (Nov 5): BreadTalk Group posted earnings of $2.1 million for the 3Q ended Sept, 41.7% lower compared to its earnings of $3.7 million a year ago on the back of higher expenses. 

The lower y-o-y profit was mainly attributed to one-off costs associated with the group’s opening of its Din Tai Fung business in London and other businesses, as well as certain underperforming segments of the Bakery Division which is in the process of undergoing restructuring.

BreadTalk partners Wu Pao Chun for expansion into Singapore and Hong Kong

SINGAPORE (Sept 10): BreadTalk Group announced that its wholly-owned subsidiary, Together Inc, has today entered into a 80:20 joint venture (JV) with Wu Pao Chun Food (WPC) to operate the Wu Pao Chun brand of Bakeries in Singapore and Hong Kong.

The first Wu Pao Chun bakery in Singapore is slated to open in Capitol Piazza in 2019.

To recap, the group’s indirect wholly-owned subsidiary, Shanghai Star Food F&B Management, has previously partnered WPC to operate the Wu Pao Chun bakeries in four major China cities – Beijing, Shanghai, Shenzhen and Guangzhou.

BreadTalk opens first TaiGai tea beverage store in NEX Serangoon

SINGAPORE (Sept 5): BreadTalk is today opening its first TaiGai flagship store in NEX Serangoon shopping mall.

TaiGai originated from Shenzhen and became the first brand to popularise the tea beverages with fruit-blended milk cheese crowns.

The brand now has more than 60 stores across China.

BreadTalk posts 10.5% increase in 2Q earnings to $2.44 mil on higher interest income

SINGAPORE (Aug 1): BreadTalk today announced that its 2Q18 earnings have increased by 10.5% to $2.44 million from $2.20 million in 2Q17 on higher interest income.

In a media release issued on Wednesday, the group also attributed its increase in earnings to its effective cost management and diversity of brand portfolio.

This brings 1H18 earnings to $3.62 million, 72.2% lower than $13.0 million in 1H17, mainly due to higher expenses.

BreadTalk-Pindao Venture partners Song Fa for high growth in Shenzhen and Guangzhou

SINGAPORE (July 2): BreadTalk says that BTG-Pindao Venture has entered into a joint venture (JV) agreement with Song Fa to incorporate BTG-Song Fa-Pindao Venture.

To recap, the BTG-Pindao Venture is a joint venture between Together Inc, a wholly-owned subsidiary of the group, and Shenzhen Pindao Food & Beverage Management, which was established to operate and manage the popular tea beverage brands Nayuki and Tai Gai in major Southeast Asia markets including Singapore and Thailand.

BreadTalk brings F&B delights from all around the world

SINGAPORE (June 25): BreadTalk Group has several business expansion plans coming up, which has caught the attention of CGS-CIMB Securities.

Earlier in May, the group entered into a joint venture (JV) with Shenzhen Pindao to bring tea beverages brands Nayuki and Tai Gai to Singapore and Thailand, with a right of first refusal to operate in Malaysia, Indonesia and the Philippines.

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