The_King Posted January 19, 2020 Share Posted January 19, 2020 SINGAPORE (Jan 16): BreadTalk Group, one of the biggest Singapore food and beverage names, is likely to report a loss for the financial year ended Dec 31 2019. At the nine-month mark, the company had already reported earnings of just $1.7 million, down 71.9% y-o-y versus nearly $6.1 million from the year earlier nine-month period. That’s despite the company generating 8.7% increase in revenue to $494.6 million for the nine month ended Sept 30 2019. In an SGX filing on Jan 16, it blames the likely losses to the following factors. First, it will suffer wider losses at its bakery business in China and Thailand. Next, it is likely to suffer losses at its so-called 4orth division, due to a “challenging operating environment.” This 4orth division houses the operation of BreadTalk’s new brands such as Wu Pao Chun, Song Fa, Tai Gai and Nayuki. Last but not least, BreadTalk blames the recent unrest in Hong Kong to cause “significant deterioration” in the financial performance of its bakery and food atrium divisions in the former British colony. “The Group is still in the process of finalising its unaudited financial results for FY2019. Further details of the Group’s financial results will be disclosed when the Group finalises and announces its unaudited financial results for FY2019 on or around 24 February 2020,” the company states. In August last year, the company announced that Chu Heng Hwee is resigning from his post as the group CEO. His last day was Dec 31 2019. George Quek, BreadTalk’s iconic founder and group executive chairman, is covering the group CEO duties. In the past 12 months, BreadTalk’s share price has dropped from 88 cents to close at 69 cents on Jan 16. At this level, the company is trading at a historical price earnings ratio of 44.4 times. https://www.theedgesingapore.com/news/results/breadtalk-group-sink-red-fy2019 1 Link to comment Share on other sites More sharing options...
|||||||||| Posted January 19, 2020 Share Posted January 19, 2020 they gonna sell more soya bean drink 5 Link to comment Share on other sites More sharing options...
XianGe Posted January 19, 2020 Share Posted January 19, 2020 Bad management sibo... Link to comment Share on other sites More sharing options...
socrates469bc Posted January 19, 2020 Share Posted January 19, 2020 1 hour ago, The_King said: In the past 12 months, BreadTalk’s share price has dropped from 88 cents to close at 69 cents on Jan 16. At this level, the company is trading at a historical price earnings ratio of 44.4 times. https://www.theedgesingapore.com/news/results/breadtalk-group-sink-red-fy2019 53 minutes ago, XianGe said: Bad management sibo... investment 101, if a listed restaurant group has a pe of more than 25x, it is overvalued. https://www.investopedia.com/ask/answers/071615/what-average-pricetoearnings-ratio-retail-sector.asp https://www.macrotrends.net/stocks/charts/QSR/restaurant-brands/pe-ratio 2 Link to comment Share on other sites More sharing options...
Homelander Posted January 19, 2020 Share Posted January 19, 2020 Sg shud be ok ba. I see toastbox n bread talk bakery everyday long q Link to comment Share on other sites More sharing options...
The_King Posted January 19, 2020 Author Share Posted January 19, 2020 34 minutes ago, Homelander said: Sg shud be ok ba. I see toastbox n bread talk bakery everyday long q those HDB bread shop Sell on average 80cent to 1.60. breadtalk sell 40cent to $1 more. and their rental pwn them gao gao not surpise Link to comment Share on other sites More sharing options...
socrates469bc Posted January 19, 2020 Share Posted January 19, 2020 1 hour ago, Homelander said: Sg shud be ok ba. I see toastbox n bread talk bakery everyday long q 43 minutes ago, The_King said: those HDB bread shop Sell on average 80cent to 1.60. breadtalk sell 40cent to $1 more. and their rental pwn them gao gao not surpise i dont buy from breadtalk or toastbox now if given a choice as i find those small bakeries to have fresher selection. 2 Link to comment Share on other sites More sharing options...
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