Breadtalk Group

Broker's Calls

Still room for BreadTalk to rise, says RHB

SINGAPORE (Jan 26): RHB Research is keeping its “buy” call on BreadTalk Group and raising its target price to $2.09, from $1.83 previously.

BreadTalk and Song Fa to open first bak kut teh restaurant in Shanghai Jing An Kerry Centre

SINGAPORE (Jan 26): BreadTalk and Song Fa is opening the first Song Fa restaurant in Shanghai's Jin An Kerry centre today.

Property

Perennial-led consortium sets up US$1.2 bil JV to develop high-speed railway linked mega healthcare developments in China

SINGAPORE (Jan 3): A Perennial Real Estate-led consortium has taken the first step to develop US$1.2 billion ($1.61 billion) worth of integrated healthcare property mega mixed developments in China linked by high speed railway (HSR) network.

M&A

BreadTalk in JV with century-old Japanese food trader and supplier

SINGAPORE (Dec 22): BreadTalk Group has incorporated a joint venture with a century-old Japanese firm to oversee the supply of ingredients to support its F&B operations globally.

Results

BreadTalk posts 22% rise in 3Q earnings to nearly $4 mil on lower expenses

SINGAPORE (Nov 6): BreadTalk announced 3Q earnings rose 22.2% to nearly $4 million compared to a year ago even as revenue fell 2% to $154.3 million.

Property

Breadtalk granted option to purchase Holland V shop for $16.2 mil

SINGAPORE (Sept 27): Breadtalk Group has been granted an option to purchase the property located at 22 and 22A Lorong Mambong for $16.2 million.

BreadTalk ba kut teh JV incorporates wholly-owned subsidiary in Shanghai

SINGAPORE (Sept 14): BreadTalk’s ba kut teh JV with Song Fa Venture has incorporated a wholly-owned subsidiary in Shanghai.

Broker's Calls

Breadtalk kept at ‘buy’ on earnings growth, recovery of Foodcourt segment

SINGAPORE (Aug 3): DBS is maintaining its “buy” call on Breadtalk Group with a target price of $2.04 as it continues to deliver earnings growth, driven by the recovery of its Foodcourt segment.

Broker's Calls

Consortium including Perennial, BreadTalk could net gain of $398 mil in potential AXA Tower sale

SINGAPORE (Aug 1): DBS Group Research says the consortium including Perennial Real Estate Holdings, BreadTalk Group, and Wilmar CEO Kuok Khoon Hong could realise a net gain of at least $398 million in the potential en bloc sale of AXA Tower.

BreadTalk and Song Fa in JV to expand Bak Kut Teh business in China and Thailand

SINGAPORE (July 3): BreadTalk Group, through its wholly owned subsidiary, Together Inc, and Song Fa Holdings are entering a joint venture (JV) agreement to incorporate BTG-Song Fa Venture and operate the Song Fa Bak Kut Teh chain of restaurants in China
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