Singapore Stock Market News
BreadTalk Group Ltd - Bringing you F&B delights from all over
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Publish date: Mon, 25 Jun 2018, 01:53 PM
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■ It has entered into a JV to aid in the overseas expansion of Taiwan's iconic bakery chain, Wu Pao Chun, with China, Hong Kong and Singapore as key target markets.
■ The company expects cost savings and new revenue streams to come from selling ingredients via JV partnership with 115-year-old Kobe-based firm, Shinmei Corp.
■ It targets to open Din Tai Fung's first European outlet in London by end-FY18F.
■ The stock is now trading at 30.9x FY18F P/E and 4.0x FY18F P/BV based on Bloomberg consensus estimates.
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