BREADTALK GROUP LIMITED
5DA.SI
BreadTalk Group: Goes ex-div on 16 Jun
- BreadTalk Group will go ex-dividend for its interim special dividend of S$0.0135/share on 16 Jun, and this would be payable on 3 Jul to shareholders.
- Recall that this special dividend totaling S$3.8m is a result of the group’s divestment of 112 Katong, a non-core real estate investment, and the amount represents 45% of the divestment gain of S$8.5m.
- We note that the business results were largely helped by this gain, and while we saw better performance from Bakery and Restaurant, we still prefer to see the group in a more stable state.
- We currently have a SELL rating and fair value estimate of S$0.96 on the stock.
Jodie Foo
OCBC Securities
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http://www.ocbcresearch.com/
2016-06-13
OCBC Securities
SGX Stock
Analyst Report
0.96
Same
0.96
