BREADTALK GROUP LIMITED Registration No

Total Page:16

File Type:pdf, Size:1020Kb

BREADTALK GROUP LIMITED Registration No BREADTALK GROUP LIMITED Registration No. 200302045G NEWS RELEASE FOR IMMEDIATE RELEASE BREADTALK GROUP LIMITED, ASPAC F&B INTERNATIONAL PTE. LTD AND CKE RESTAURANTS, INC. ANNOUNCE AGREEMENT TO OPEN CARL’S JR. ® RESTAURANTS IN THE PEOPLE’S REPUBLIC OF CHINA SINGAPORE and CARPINTERIA, CALIFORNIA. – June 17, 2008 – SGX-listed BreadTalk Group Limited (“BreadTalk”), a leading lifestyle food and beverage group, Aspac F&B International Pte Ltd (“Aspac”), Star Food Pte. Ltd. (“Star Food”), a joint venture between BreadTalk and Aspac, and Carl Karcher Enterprises, Inc. (“CKE”), a subsidiary of CKE Restaurants, Inc. (NYSE: CKR), today announced that they have signed a Commitment Agreement to open 100 Carl’s Jr.® restaurants in the People’s Republic of China (“PRC”) by March 2016. The Commitment Agreement calls for the execution of Master License Agreements which will grant Star Food’s wholly-owned PRC subsidiaries the right to develop restaurants under the Carl’s Jr.® brand in the municipalities of Beijing, Shanghai and Tianjin as well as the provinces of Zhejiang and Jiangsu in the PRC. “The average consumer in the People’s Republic of China’s first line cities, having been exposed to a varied offering of Western fast food is now primed for more discerning F&B caterings such as premium burgers. In this regard, BreadTalk Group is pleased to partner with CKE Restaurants, Inc. and Aspac in introducing a premium Page 1 of 3 gourmet US burger chain, Carl’s Jr.®, into Beijing and Shanghai. The experience and track record of the BreadTalk Group in the PRC would facilitate the rollout and reach of Carl’s Jr.® outlets. We are confident that the Carl’s Jr. ® brand will find ready acceptance after the first stores are opened in Beijing and Shanghai respectively before March 2009” said Dr. George Quek, Chairman of BreadTalk Group. Richard Tan, Chairman of Aspac said, “In the last five years or so, we have seen a significant rise in the demand for overseas premier brands in PRC F&B industry due to irreversible rising consumerism and economic conditions. After studying the market, conducting our due diligence and sourcing the right partner, Aspac is very excited to partner with Breadtalk Group and CKE Restaurants to roll out Carl’s Jr.® as the leading premium burger brand in the territories of Beijing and Shanghai.” “We are pleased to announce this agreement and our new partnership with the BreadTalk Group and to expand our successful relationship with Aspac” said Andy Puzder, President and CEO of CKE Restaurants, Inc. “This is a very exciting development for our company. The People’s Republic of China represents a tremendous growth opportunity for our company. The strength of our brand matched with Aspac’s Carl’s Jr.® brand operating experience in Singapore and Malaysia and BreadTalk Group’s local market knowledge and operating experience give us confidence that we have a bright future in the market.” Page 2 of 3 About BreadTalk Group Limited Founded as an F&B operator in Singapore in 2000 and listed on the SGX in 2003, BreadTalk has rapidly expanded to become a distinctive household brand owner that has established its mark on the world stage with its bakery, restaurant and food atrium footprints . Its brand portfolio comprises BreadTalk, ToastBox, Food Republic, Din Tai Fung and J Co. With global staff strength in excess of 2,000 employees across 12 countries, the Group has a network of 199 bakery outlets, with 83 owned outlets in Singapore, PRC, Malaysia, Hong Kong and Thailand , and 116 franchised outlets across Asia and the Middle East . It also owns and operates 5 world-renowned Din Tai Fung restaurants in Singapore, as well as 27 award-winning Megabite / Food Republic food atria in Singapore, PRC, Hong Kong and Malaysia. About Aspac F&B International Pte. Ltd. Aspac F&B International Pte. Ltd. is a subsidiary of Fong Tat Group Pte. Ltd. The Fong Tat Group, headquartered in Singapore, is a diversified group with core interests in auto parts distribution, property development and food and beverage ventures in the region. It currently holds the Master License rights to develop Carl’s Jr. ® restaurants in the territories of Singapore and Malaysia via Aspac F&B International Pte. Ltd. About CKE Restaurants, Inc. Headquartered in Carpinteria, California, CKE Restaurants, Inc. is publicly traded on the New York Stock Exchange under the symbol “CKR”. As of its fiscal 2008 fourth quarter ended Jan. 28, 2008, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,067 franchised, licensed or company-operated restaurants in 42 states and in 13 countries, including 1,141 Carl’s Jr.® restaurants and 1,926 Hardee’s restaurants. For further information, please contact: Company: Investor Relations Consultant: BreadTalk Group Limited SPIN Capital Asia Ms. Catherine Lee, CFO Mr. Michael Tan Tel: 65-62856116 Tel/Fax: 65-62277790 Email: [email protected] Email: [email protected] Page 3 of 3 .
Recommended publications
  • Acquisition of 100% Stake in Food Junction Group of Companies
    Investor Presentation Acquisition of 100% Stake in Food Junction Group of Companies 2 September 2019 Acquisition of 100% Stake in Food Junction (“FJ”) Group . Transaction Summary . Food Junction Business Overview . Appendix – List of Food Republic Food Courts in Singapore and Malaysia 1 Acquisition of 100% Stake in FJ Group TRANSACTION SUMMARY Acquisition BreadTalk Auric Pacific Structure Group Limited (“BTG”) Group Limited Singapore Singapore 100% 98.10% Topwin Investment Food Junction Holding Pte Ltd Holdings Ltd Singapore Singapore 100% Acquisition of 100% Stake Food Junction Management (“FJM”) Pte Ltd Singapore 100% 100% Food Junction T&W Food Singapore (“FJS”) Junction (“T&W”) Pte Ltd Sdn Bhd Singapore Malaysia Acquisition . Enterprise Value S$ 80 million. Terms . Funded by approximately 60% borrowings and 40% cash. 2 Acquisition of 100% Stake in FJ Group FJ BUSINESS OVERVIEW Singapore FJ operates 12 food courts and its direct operated stores across Singapore, including the newly opened Five Spice Food Court at Jewel Changi Airport. Lot One Shoppers’ Mall Junction 8 Nex Serangoon Jewel Changi Airport Food Junction Food Court LocationsList of Food Junction Food Courts 1. Bugis Junction 2. Century Square 3. Great World City 4. Harbourfront Centre 5. Junction 8 6. Lot One Shoppers’ Mall 7. Nex Serangoon 8. One Raffles Place 9. Raffles City 10. Rivervale Mall 11. United Square 12. Jewel Changi Airport Source: Google Maps, Food Junction Website 3 Acquisition of 100% Stake in FJ Group FJ BUSINESS OVERVIEW Malaysia FJ operates a total of 3 food courts and its direct operated stores in Kuala Lumpur, Malaysia. The 4th food court is scheduled to open in 2020 at The Mall, Mid Valley Southkey in Johor Bahru, Malaysia.
    [Show full text]
  • & Catering Times
    asian hotel & Catering times Published since 1976 Vol 36 March 2011 ANCIENT HOTEL Boutique renovation project CATERING TIMES Contemporary desserts hong Kong sAR HK$50 china RMb50 singapore S$15 Malaysia RM30 DEGREE OF PRACTICE Thailand Bt300 Rest of Asia US$10 Training tools for hotel schools LSM-eng-rosso.qxd 5-07-2007 9:27 Pagina 1 E d i t o r ’ s M E s s a g E elcome to the March issue of your if you have a journalist on the property make On a point of detail – can we make a plea favourite hospitality read! sure everyone relevant knows and behaves to the authorities at Bangkok’s international Sometimes it only takes a accordingly. airport? We hear passengers in transit are Wtrivial incident to put your property in a Looking after the details can be time- struggling to catch their onward flights and journalist’s bad books and the result can be consuming but the rewards can be stunning. getting lost in the terminal building purely years of bad publicity. Unfairly these incidents Take a look at the renovation of an ancient because the stunningly designed building can even be down to misunderstandings or residence in Jodhpur in the Indian state of lacks one thing – adequate signage. poor research by the journalist but the mud Rajasthan. The developer ran through 30 sticks. We asked two PR veterans how they options before getting the result he wanted would handle some real life situations. The and the spectacular beauty of the property advice is that solid answers to questions, comes through in the photography on humour and the odd freebie can go a long our front cover and in our design story, Mischa way to restoring a good name.
    [Show full text]
  • Sino Land Company Limited Annual Report 2008
    www.sino.com This annual report (“Annual Report”) is available in both English and Chinese. Shareholders who have received either the English or the Chinese version of the Annual Report may request a copy in the language different from that has been received by writing to the Company’s Registrars, Tricor Standard Limited, 26th Floor, Tesbury Centre, 28 Queen’s Road East, Hong Kong. The Annual Report (in both English and Chinese versions) has been posted on the Company’s website at http://www.sino.com. Shareholders who have chosen to rely on copies of the Corporate Communications (including but not limited to annual report, summary financial report (where applicable), interim report, summary interim report (where applicable), notice of meeting, listing document, circular and proxy form) posted on the Company’s website in lieu of any or all the printed copies thereof may request the printed copy of the Annual Report. Shareholders who have chosen to receive the Corporate Communications using electronic means through the Company’s website and who for any reason have difficulty in receiving or gaining access to the Annual Report posted on the Company’s website will promptly upon request be sent the Annual Report in printed form free of charge. Shareholders may at any time choose to change their choice of language and means of receipt (i.e. in printed form or by electronic means through the Company’s website) of all future Corporate Communications from the Company by giving reasonable notice in writing to the Company’s Registrars, Tricor Standard Limited, 26th Floor, Tesbury Centre, 28 Queen’s Road East, Hong Kong.
    [Show full text]
  • Shwe Taung Group Breadtalk ့
    Shwe Taung Group BreadTalk ႔ BreadTalk new concept store at Vivo City Singapore. Photo courtesy of BreadTalk Singapore - ၂၀၁၆ (၃) - BreadTalk Group Limited ၸဏီတစ္ခ ႔ BreadTalk Pte. Ltd. Shwe Taung Group ႔၀ ျဖစ သည္႔ Myanmar Bakery Co., Ltd ႔ BreadTalk Bakery ႔ Myanmar Bakery Co., Ltd Franchise Bakery မ်ား BreadTalk ၏ Singapore, Mainland China, Hong Kong, Indonesia, Thailand and the Middle East ၀ (၁၆) (၈၀၀) ႔ BreadTalk ႔ ၀ BreadTalk ၏ ႔ Shwe Taung Group ၏ ႔ 1 ၊ ၄ ၏ ႔ ႔ ၾ ႔ BreadTalk ႔ Shwe Taung Group shopping centre ၌ ၀ှဿ၇ ဖြင့္လွစ္မည္ျဖစ္သည္။ Shwe Taung Group Junction Centre group of shopping centres ႔ shopping centre (၄) (၁) ႔ ႔ ၻာ႔အဆင့္မီဖံြ႔ၿဖိဳးေရးအသြင္သ႑ာန္မ်ိဳးစံု ေပါင္းစည္းထားသည္႔ Junction City Shwe Taung Group Master Developer ၂၀၁၇ ႔ Phase1 ၀ ႔ shopping centre ၊ ၀ ႔ Grade A office tower ၊ၾ ႔ luxury hotel ႔ ၀ “ ၏ Retail BreadTalk ၾ ၊ ႔၏ Singapore ႔ ၏ Shwe Taung Group ၊ ႔ BreadTalk ၏ boutique Bakery ႔ ၀ ၾ ၾ ၊ ႔ Shwe Taung Group ၏ ႔ ၾ ႔ ၾ ၾ ” Mr. Tan Aik Peng (Chief Executive Officer, Bakery Division) ၾ ႔ ၵ (Deputy Managing Director, Shwe Taung Group) “ ႔ ႔ BreadTalk ႔ ၀ BreadTalk Bakery Bakery ႔ BreadTalk ႔ ႔ ” ၍ လည္းေကာင္း၊ “ Shwe Taung Group ႔ ၾ ၊ ႔ 2 Café and Restaurants, Fast Food Chains ႔ Modern Food Courts ႔ ႔ food and beverage ႔ ႔ ” ၍ လည္းေကာင္း၊ ၾ ### BreadTalk Group Limited ၾ ၂၀၀၀ ႔ BreadTalk Group Limited ၄ ၏ ာၻ႔အဆင့္အတန္းမီ bakery, restaurant food atrium footprints ႔ ၄ ၏ BreadTalk, Toast Box, Food Republic, Din Tai Fung, The Icing Room, Bread Society, RamenPlay, Thye Moh Chan Carl’s Jr.
    [Show full text]
  • Hong Kong Monthly
    Research October 2012 Hong Kong Monthly REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Knight Frank 萊坊 Office Vacancy pressure to remain high in Central Residential Local demand further boosts residential market Retail Slowdown in Chinese economy curbs tourist spending 1 October 2012 Hong Kong Monthly M arket in brief The following table and figures present a selection of key trends in Hong Kong’s economy and property markets. Table 1 Economic indicators and forecasts Economic Latest 2012 Period 2010 2011 indicator reading forecast GDP growth Q2 2012 +1.2% +6.8% +5.0% +3.8% Inflation rate Aug 2012 +3.7% +2.4% +5.3% +3.4% Unemployment Jun-Aug 2012 3.2%# 4.4% 3.4% 3.4% Prime lending rate Current 5.00–5.25% 5.0%* 5.0%* 5.0%* Source: EIU CountryData / Census & Statistics Department / Knight Frank # Provisional * HSBC prime lending rate Figure 1 Figure 2 Figure 3 Grade-A office prices and rents Luxury residential prices and rents Retail property prices and rents Jan 2007 = 100 Jan 2007 = 100 Jan 2007 = 100 230 190 300 210 170 19 0 250 150 170 200 150 130 130 110 150 110 90 90 100 70 70 50 50 50 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Price index Rental index Price index Rental index Price index Rental index Source: Knight Frank Source: Knight Frank Source: Rating and Valuation Department / Knight Frank 2 2 Monthly reviEW Hong Kong’s office property market saw divergent performances last month, with sales activity remaining buoyant but leasing activity turning quiet.
    [Show full text]
  • (Awarded in 6X STAR$®) with the American Express® Capitacard
    Earn up to 3% rebate (Awarded in 6X STAR$®) with The American Express® CapitaCard Participating Merchants at CapitaLand Malls in town (S$1 spend = 30 STAR$®, T&Cs Apply) Updated as of 1 July 2021 Important Notes Please visit amex.co/capitacardterms for the full terms and conditions for earning STAR$® with your American Express® CapitaCard. Please note that under the terms and conditions: 1. Additional 25 STAR$® will be awarded, on top of the base 5 STAR$, on eligible purchases of goods and services, in blocks of S$1, on a cumulative basis at the end of every calendar month, capped at S$1,200 per calendar month. 2. On top of excluded charges and purchases, the following transactions are also not eligible to earn additional 25 STAR$®: charges at pushcarts, temporary vendors/pop-up shops, events, roadshows, SISTIC, SAM machines and AXS machines within CapitaLand Malls in town. American Express International Inc (UEN S68FC1878J) 1 Marina Boulevard #22-00, One Marina Boulevard, Singapore 018919. americanexpress.com.sg. Incorporated with Limited Liability in the State of Delaware, U.S.A ®Registered Trademark of American Express Company. © Copyright 2021 American Express Company. AXP Public 1 American Express® CapitaCard Participating Merchants @ Bugis Junction 200 Victoria Street Singapore 188021 Participating Merchant Name 6IXTY8IGHT Hi-Tec Mobile Polar Puffs & Cakes Action City HLH SABER LILY Pop Mart adidas HoneyMoon Dessert Premier Football Ajisen Ramen Honguo Purpur Akihabara HP By AddOn Q & M Dental Centre (Bugis) Alcoholiday HUAWEI Raffles
    [Show full text]
  • Breadtalk Group Ltd
    Singapore Company Guide BreadTalk Group Ltd Bloomberg: BREAD SP | Reuters: BRET.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 4 Apr 2017 BUY Piping hot bread in the making (Re-instating Coverage) Last Traded Price ( 3 Apr 2017): S$1.36 (STI : 3,187.51) We see earnings recovering led by Foodcourt Price Target 12-mth: S$1.69 (25% upside) business which has turned around in 4Q16 Bakery’s cost rationalisation & better Din Tai Fung Potential Catalyst: Earnings turnaround sales mix will support operating margin expansion Analyst Alfie YEO +65 6682 3717 [email protected] Project 3-year CAGR growth of 63% for FY16-FY18F Andy SIM CFA +65 6682 3718 [email protected] Re-instating coverage with BUY and SOTP-based TP of S$1.69 backed by investment properties worth Price Relative S$0.43 per share S$ Relative Index Foodcourt earnings has turned around in 4Q16 and 1.7 BreadTalk is poised for earnings growth 1.6 205 poised for growth. 1.5 185 this year. After dismal performances in FY15 and 1H16, we 1.4 1.3 165 saw a turnaround in 2H16 earnings. Its cost saving initiatives 1.2 145 1.1 125 led to margin improvements and we saw a recovery of its 1.0 105 0.9 Foodcourt business through outlet rationalisation in China. 0.8 85 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 We see earnings recovery momentum spilling over to FY17F. Breadtalk Group Ltd (LHS) Relative STI (RHS) All three business segments are now better positioned for earnings growth.
    [Show full text]
  • International Smallcap Separate Account As of July 31, 2017
    International SmallCap Separate Account As of July 31, 2017 SCHEDULE OF INVESTMENTS MARKET % OF SECURITY SHARES VALUE ASSETS AUSTRALIA INVESTA OFFICE FUND 2,473,742 $ 8,969,266 0.47% DOWNER EDI LTD 1,537,965 $ 7,812,219 0.41% ALUMINA LTD 4,980,762 $ 7,549,549 0.39% BLUESCOPE STEEL LTD 677,708 $ 7,124,620 0.37% SEVEN GROUP HOLDINGS LTD 681,258 $ 6,506,423 0.34% NORTHERN STAR RESOURCES LTD 995,867 $ 3,520,779 0.18% DOWNER EDI LTD 119,088 $ 604,917 0.03% TABCORP HOLDINGS LTD 162,980 $ 543,462 0.03% CENTAMIN EGYPT LTD 240,680 $ 527,481 0.03% ORORA LTD 234,345 $ 516,380 0.03% ANSELL LTD 28,800 $ 504,978 0.03% ILUKA RESOURCES LTD 67,000 $ 482,693 0.03% NIB HOLDINGS LTD 99,941 $ 458,176 0.02% JB HI-FI LTD 21,914 $ 454,940 0.02% SPARK INFRASTRUCTURE GROUP 214,049 $ 427,642 0.02% SIMS METAL MANAGEMENT LTD 33,123 $ 410,590 0.02% DULUXGROUP LTD 77,229 $ 406,376 0.02% PRIMARY HEALTH CARE LTD 148,843 $ 402,474 0.02% METCASH LTD 191,136 $ 399,917 0.02% IOOF HOLDINGS LTD 48,732 $ 390,666 0.02% OZ MINERALS LTD 57,242 $ 381,763 0.02% WORLEYPARSON LTD 39,819 $ 375,028 0.02% LINK ADMINISTRATION HOLDINGS 60,870 $ 374,480 0.02% CARSALES.COM AU LTD 37,481 $ 369,611 0.02% ADELAIDE BRIGHTON LTD 80,460 $ 361,322 0.02% IRESS LIMITED 33,454 $ 344,683 0.02% QUBE HOLDINGS LTD 152,619 $ 323,777 0.02% GRAINCORP LTD 45,577 $ 317,565 0.02% Not FDIC or NCUA Insured PQ 1041 May Lose Value, Not a Deposit, No Bank or Credit Union Guarantee 07-17 Not Insured by any Federal Government Agency Informational data only.
    [Show full text]
  • MUIS HALAL CERTIFIED EATING ESTABLISHMENTS (1) Click on "Ctrl + F" to Search for the Name Or Address of the Establishment
    Muis Halal Certified Eating Establishments NOT FOR COMMERCIAL USE MUIS HALAL CERTIFIED EATING ESTABLISHMENTS (1) Click on "Ctrl + F" to search for the name or address of the establishment. (2) You are advised to check the displayed Halal certificate & ensure its validity before patronising any establishment. (3) For updates, please visit www.halal.sg. Alternatively, you can contact Muis at tel: 6359 1199 or email: [email protected] Last Updated: 7 Nov 2018 POSTAL COMPANY / EST. NAME ADDRESS CODE 126 CONNECTION BAKERY 45 OWEN ROAD 01-297 - 210045 13 MILES 596B SEMBAWANG ROAD - SEMBAWANG SPRINGS ESTATE 758455 149 Cafe @ TechnipFMC 149 GUL CIRCLE - - 629605 (Mngd By The Wok People) REPUBLIC POLYTECHNIC 1983 A Taste of Nanyang E1 WOODLANDS AVENUE 9 02 738964 (Food Court A) 1983 A Taste of Nanyang 2 Ang Mo Kio Drive 02-10 ITE College Central 567720 SINGAPORE MANAGEMENT 1983 A Taste of Nanyang 70 STAMFORD ROAD 01-21 178901 UNIVERSITY 1983 Cafe Nanyang 60 AIRPORT BOULEVARD 026-018-09 CHANGI AIRPORT TERMINAL 2 819643 HARBOURFRONT CENTRE, TRANSIT 1983 Coffee & Toast 1 MARITIME SQUARE 02-21 099253 AREA 1983 Coffee & Toast 1 Jurong East Street 21 01-01 Tower C, Jurong Community Hospital 609606 1983 Coffee & Toast 1 JOO KOON CIRCLE 02-32/33 FAIRPRICE HUB 629117 HARBOURFRONT CENTRE, TRANSIT 1983 Coffee & Toast 1 MARITIME SQUARE 02-21 099253 AREA 1983 Coffee & Toast 2 SIMEI STREET 3 01-09/10 CHANGI GENERAL HOSPITAL 529889 21 On Rajah 1 JALAN RAJAH 01 DAYS HOTEL 329133 4 Fingers Crispy Chicken 50 Jurong Gateway Road 01-15A JEM Shopping Mall 608549 4 Fingers
    [Show full text]
  • Breadtalk Group Ltd
    Singapore Company Guide BreadTalk Group Ltd Version 9 | Bloomberg: BREAD SP | Reuters: BRET.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 2 Aug 2019 HOLD Drag from bakery and start-up losses Last Traded Price ( 1 Aug 2019): S$0.715 (STI : 3,291.75) Price Target 12-mth: S$0.77 (8% upside) (Prev S$0.92) Maintain HOLD, with a lower TP of S$0.77. We remain neutral on BreadTalk. The weak bakery performance in China in the Analyst current quarter, along with wider than expected start-up losses Alfie YEO +65 6682 3717 [email protected] from 4orth division led us to reduce our FY19-20F earnings by Andy SIM, CFA +65 6682 3718 [email protected] 18-19%. While we expect modest EBIT growth led by What’s New Restaurant and Food Atrium divisions, higher interest costs due • 2Q19 earnings below estimates, dragged by losses in to SFRS (I) 16 will be a drag on earnings from FY19F. The stock bakery and 4orth division is fairly valued trading at 19.5x PE for its core F&B business, in line with Singapore-listed F&B peers’ average. • Interim DPS of 0.5 Scts declared • Cut FY19-20F earnings by 18-19% Where we differ. Our earnings forecasts are below consensus as we factor in a longer breakeven period for the new 4orth • Maintain HOLD, TP lowered to S$0.77 division. The division is in its infancy with scope to increase store count, that will lengthen the division’s EBIT breakeven period.
    [Show full text]
  • Yoursingapore Guide to Mixing Business with Leisure About Singapore
    YourSingapore Guide to Mixing Business with Leisure About Singapore Singapore is a bustling cosmopolitan city that offers a world-class living environment. Historically, Singapore’s strategic geographical location has made it an important trading port between the East and West. Today, Singapore continues to be a top business destination, having won numerous accolades which include: – 2nd best business city in the world 1 – Top country in terms of ease of doing business for the fifth consecutive year 2 (Ranked 1 st among 183 countries) 1 2011 Business Traveller Asia-Pacific Awards 2 World Bank‘s Doing Business 2011 report Mixing Business with Leisure With a land area of about 710 square kilometres, Singapore may be small but we punch far above our weight! Singapore is a compact city which offers an incredible breadth and depth of rich experiences accessible from your meeting or conference venue, making it easy to mix business with pleasure. Over the next few pages, you will find some of the dining, retail, entertainment & nightlife options that we have specially handpicked for you to enjoy during your stay in Singapore. Dining Singapore’s multifarious, 24/7 offering of food will have you spoilt for choice. Local Favourites – You can’t say you’ve been Dining with a view – Impress your business to Singapore without trying some of our local associates with a bird’s eye view of Singapore delicacies such as Laksa , Chicken Rice , Fried at these places: Hokkien Mee and Satay . Check out Singapore Sky on 57 – Delight in a modern twist of Food Trail at the Singapore Flyer or Food Franco Asian Cuisine located atop the Marina Republic at Suntec Singapore, both of which Bay Sands.
    [Show full text]
  • Breadtalk (BREAD SP) Neutral (Maintained)
    Singapore Company Update 26 February 2020 Consumer Non-cyclical | Food & Beverage Products BreadTalk (BREAD SP) Neutral (Maintained) Time To Cash Out And Accept Offer Target Price (Return): SGD0.77 (+19%) Price: SGD0.65 Market Cap: USD260m Avg Daily Turnover (SGD/USD) 0.82m/0.60m Accept SGD0.77 cash offer, 19% upside. A conditional cash offer of Analyst SGD0.77/share was made by George Quek, Katherine Lee and Minor Group to delist BreadTalk. Shareholders should accept it, as the offer Juliana Cai price is 15% above our previous TP of SGD0.67. Moreover, BreadTalk is +65 6232 3871 undergoing major challenges across key markets, and reported losses for [email protected] FY19. A quick turnaround is unlikely, with the COVID-19 outbreak further exacerbating the situation. The offer presents a good opportunity for shareholders to realise their investments. 4Q19 results are below expectations. The group’s 4Q19 loss of SGD8.1m took the FY19 total to a loss of SGD5.2m. Excluding fair value gains, FY19 core F&B losses widened to SGD11.7m. This was mainly Share Performance (%) attributed to losses across China, Hong Kong, Indonesia and Thailand in YTD 1m 3m 6m 12m the bakery division, and gestation costs for new store openings in the Absolute 0.0 2.4 2.4 (9.2) (25.9) 4orth division. The group also recorded SGD6.1m of impairments due to the closure of bakery outlets. Relative 2.0 5.1 3.5 (10.3) (22.2) 52-wk Price low/high (SGD) 0.53 – 0.89 Near-term challenges to intensify due to COVID-19 outbreak.
    [Show full text]