BreadTalk 02 (Aug 10 - Dec 20)

by **winston** » Wed Aug 11, 2010 9:34 am

Vested.

2Q numbers dont look too good.

Rev up 25% but after tax profit down 25%.

Need to spend some time to look at the details later.

http://breadtalk.listedcompany.com/news ... E188.1.pdf

by **profittaker** » Wed Aug 11, 2010 12:21 pm

Think Q2 profit higher than Q1, but overall 1H10 is lower that 1H09.

Overall bakery segment registered 48.4% decline in operating profit to $1.0 million compared to 2Q 2009 owing to underperformance of Hong Kong and PRC bakery units.

- any info whether losses from own operated or franchise?

by **profittaker** » Wed Aug 11, 2010 3:02 pm

Tom Mangione wrote a review comparing Ramen Play with 2 established player in Shanghai: Ajisen Ramen and Noodle Plus. Click on link to read full review.

globaltimes wrote:The verdict: While Ramen Play is facing some strong competition, its noodles are more than up to taking on the challenge. Other noodle shops should take heed. This is one noodle joint that ain't playing around.

by **winston** » Wed Aug 11, 2010 3:26 pm

Presentation Materials:-

http://breadtalk.listedcompany.com/news ... A1C3.1.pdf

by **winston** » Wed Aug 11, 2010 3:34 pm

Some more slides:-

http://breadtalk.listedcompany.com/news ... 9A6D.1.pdf

by **profittaker** » Wed Aug 11, 2010 3:45 pm

hmm.. there is 'operation margin' slide in 09 presentation but not 10 presentation...

winston wrote:Some more slides:-
http://breadtalk.listedcompany.com/news ... 9A6D.1.pdf

by **ichew** » Wed Aug 11, 2010 5:46 pm

wonder how rising wheat, sugar costs will impact them?

by **winston** » Thu Aug 12, 2010 11:23 pm

Vested.

DJ MARKET TALK: Kim Eng Cuts BreadTalk To Hold; S$0.66 Target

0321 GMT [Dow Jones] STOCK CALL: Kim Eng Securities downgrades BreadTalk Group (5DA.SG) to Hold from Buy, cuts target price to S$0.66 from S$0.70, after lowering FY10 earnings estimate by 18% to factor in weaker bakery margins, start-up losses.

Notes 2Q10 earnings down 24% on year at S$2.3 million due to ongoing start-up costs related to group's restaurant segment, lower profit from bakery business. Says S$3.1 million 1H10 net profit accounts for only 26% of house's FY10 forecast. Shares off 0.9% at S$0.555.

Source: Dow Jones Newswires

by **winston** » Tue Sep 14, 2010 10:56 am

Vested.

Dont understand why this counter jumped 4% today. No news.

I went to their Toast Box recently in BJ and noticed that business is still good. They also changed their menu slightly. Curry chicken is still good.

Their Food Republic at Oriental Plaza BJ is still doing well. The other Food Republic at Xin Dong An closeby at Wang Fu Jing is also doing well.

Noticed some people in their Bread Talk shops. Competition is tough as there are other shops nearby.

Another friend tried their Ramen Play and Din Tai Fung in Spore recently and business was supposedly very good.

by **qxing78** » Tue Sep 14, 2010 1:11 pm

*DJ BreadTalk Started At Overweight, S$0.70 Target By JPMorgan

Last Fri, I was at RWS. Noticed they have many outlets there.
Ramen Play, Breadtalk and Toastbox. Every shop is packed.
Breadtalk group brands are anchoring at all the happening locations in town.

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