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Brokers' take

Published Thu, Nov 3, 2016 · 09:50 PM
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BreadTalk Group | Sell (under review)

Nov 3 close: S$1.00

Target price: S$0.99

OCBC Investment Research, Nov 3

BreadTalk Group's Q3 2016 results came in within our expectations.

Against a set of mixed performance across segments, notably on an overall basis, the group's Q3 2016 results showed improvements in margins suggesting that cost management initiatives may be bearing fruit.

As the stock's share price has declined to levels around our fair value…

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