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Brokers' take

BreadTalk Group | Take Profit
Target Price: S$2
March 19 close: S$1.89

RHB Research, March 19

BREADTALK'S share price has surged 14.1 per cent year-to-date, outperforming the Straits Times Index by 10.9 per cent. We believe the market has factored in the higher dividends as well as potential earnings growth from its existing businesses. However, with more joint ventures in the pipeline, we think that the rising capital expenditure (capex) and start-up costs could be a near-term overhang.

This year,...

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