Singapore Stock Market News

BreadTalk Group - Eye on China

StockFanatic
Publish date: Thu, 13 Mar 2014, 10:53 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
BreadTalk to focus on China as it continues on its strong growth trajectory after ending FY13 with revenue/net profit (+20%/+13% YoY) at record highs. Reiterate BUY.

■ Management targets to double revenue to SGD1b by FY16E (+23.1% CAGR). Increasing the margins is the priority.

■ The stock remains undervalued. Our SOTP approach to cross-check the replacement value of the firm yields a conservative figure of SGD1.50 per share.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment