Singapore Stock Market News
BreadTalk Group - Gunning for growth
StockFanatic
Publish date: Fri, 09 May 2014, 12:39 PM
StockFanatic
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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.
■ 1Q14 results were within expectations, though seasonally weakest historically. Net profit attributable up 11.6% YoY.
■ Our discussions with management boost our confidence that there are multiple avenues for growth.
■ With solid growth plans ahead, we take our TP higher to SGD1.95, based on 8x FY14E EV/EBITDA. Reiterate BUY.
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