BreadTalk Group eyes margin boost, targets S$1b market cap
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BREADTALK Group founder George Quek is training his sights on a market capitalisation of over S$1 billion for the food and beverage group by 2022. The group's current market cap of S$335 million is "extremely undervalued", lamented newly appointed chief investment officer (CIO) Chan Ying Jian.
For one, its investment properties are already valued at S$245 million. The portfolio includes a 5.3 per cent interest in AXA Tower, a 29 per cent stake in Chijmes, a 2.9-to-4 per cent interest in two phases of the Perennial Real Estate-led consortium's Beijing Tongzhou integrated development and BreadTalk Group's headquarters in Tai Seng.
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