BreadTalk Group - Treasure Bun | I3investor

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BreadTalk Group - Treasure Bun

StockFanatic

Publish date: Tue, 09 Sep 2014, 12:36 AM

BreadTalk, the most successful F&B retailer in Singapore, has its ubiquitous brands found in every corner of the island. It also owns one of the largest bakery chains in China, with a footprint in 57 cities. Over the last decade, the company has built up scale and we believe it is now on the cusp of reaping this advantage to achieve profit growth.

We initiate coverage on this under-researched company with a BUY, with our SGD2.00 TP implying a 50% upside.

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