(See also: BreadTalk posts 50.4% rise in FY16 earnings to $11.4 mil)
SINGAPORE (Feb 24): RHB is maintaining its “buy” call on BreadTalk with a higher target price of $1.50, as it witnesses a turnaround in the group’s core business after its FY16 margins beat expectations.
To recap, the food and beverage (F&B) group on Wednesday posted a 50.4% rise in FY16 earnings to $11.4 million on a rise on higher income, in addition to a steeper decline in cost of sales as compared to the previous year.
