Chan Ying Jian, CFO of BreadTalk said during the conversation that the group’s Song Fa outlets in China have been doing well and that the outlets were profitable from the first month of operations. The outlets are expected to have a payback period of less than one year.
SINGAPORE (July 19): RHB is reiterating its “neutral” recommendation on BreadTalk with an increased target price of $1.04.
This came following the research house having a conversation with BreadTalk, which led to RHB expecting earnings growth for the group to accelerate in FY19-20, as its new F&B concepts mature.
