Singapore Stock Market News

BreadTalk - Too Pricey a Bread

StockFanatic
Publish date: Fri, 03 Aug 2018, 11:15 AM
StockFanatic
0 10,453
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.

Downgrade to SELL from Neutral with new SGD1.00 TP from SGD1.04, 12% downside. BreadTalk's share price has performed well YTD. Trading at 33x FY19F P/E, we think valuation is steeper compared to peer average of 18x. Following a weak 1H18, we believe full-year earnings would decline YoY, with higher overhead cost in 2H resulting from the opening of Wu Pao Chun bakery, Nayuki, Tai Gai and UK Din Tai Fung as well as weaker performances from associates and JV. Read More
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment