Singapore Stock Market News
BreadTalk Group - Initiation: comfort food
StockFanatic
Publish date: Thu, 10 Sep 2015, 09:35 AM
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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.
• A bakery, restaurant and food-court company whose share price has underperformed peers on the back of negative news flow
• This seems unjustifiable given its revenue growth for 2015-17E, and as we expect further upside from outlet and margin expansion
• Initiate coverage with Buy(1) rating and 12-month TP of SGD1.31; we see a net-profit CAGR of 26.3% over 2014-17E
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