(See also: Breadtalk 1Q earnings more than quadruple to $10.7 mil; declares special dividend of 2 cents per share)
SINGAPORE (May 4): RHB is maintaining its “buy” call on Breadtalk Group with a higher target price of $1.60 on margins improvements for all three of its business and a special dividend.
In its 1Q results last night, Breadtalk announced it would be paying out a special dividend of 2 cents or 60% of the $9.3 million divestment gain from the sale of its TripleOne Somerset investment. The stock will go ex-dividend on June 19.
