Tai Gai

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.

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 Singapore and Thailand with first right of refusal to operate in Malaysia, Indonesia and the Philippines.

BreadTalk in JV to bring new tea beverages and cafes to Singapore and Thailand

SINGAPORE (May 21): BreadTalk Group is bringing new tea beverages to Singapore to excite the tastebuds of local consumers.

Wholly-owned subsidiary Together Inc has entered into a joint venture agreement with Shenzhen Pindao Food & Beverage Management Co to incorporate BTG-Pindao Venture.

Together Inc will hold a 90% stake of the JV, with Pindao holding the remaining 10%.

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