Equities in
BreadTalk Group Ltd keep gain till 5th day and come up a high, with a
unit of Thailand's hospitality and leisure group Minor International
PCL (MINT) gains its stock value.
BreadTalk Group Share gained 8% with S$1.085. Its also traded by 1.4 M shares, with 1.4 times on average day value.
A 27.6 % profit get by them as primary investment. MINT bought 7.25 M shares at mean value of S$0.83 per share, growing up its stake to 8.85% in March 2013.
"BreadTalk offers MINT an better ways for its cross-selling channels, as well as an opportunity to strengthen and add prominent brands to its growing overseas portfolio," Maybank Kim Eng said in a report last week.
Maybank told that BreadTalk's current valuations are below its peers with a forward consensus price/earnings ratio of 15.6 times against 16.5 times.
"One reason may be MINT believed that BreadTalk's profits are understated by its expansion costs and the stock will look cheap once the expansion phase slows," Maybank said.
BreadTalk Group Share gained 8% with S$1.085. Its also traded by 1.4 M shares, with 1.4 times on average day value.
A 27.6 % profit get by them as primary investment. MINT bought 7.25 M shares at mean value of S$0.83 per share, growing up its stake to 8.85% in March 2013.
"BreadTalk offers MINT an better ways for its cross-selling channels, as well as an opportunity to strengthen and add prominent brands to its growing overseas portfolio," Maybank Kim Eng said in a report last week.
Maybank told that BreadTalk's current valuations are below its peers with a forward consensus price/earnings ratio of 15.6 times against 16.5 times.
"One reason may be MINT believed that BreadTalk's profits are understated by its expansion costs and the stock will look cheap once the expansion phase slows," Maybank said.
The rupee was at 60.92/93 versus Friday’s close of 61.10/11. It fell to a record low of 61.21 on July 8.Share market technicals
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