Singapore | Food & Staples Retailing Asia Pacific Equity Research BREADTALK GROUP | SELL MARKET CAP: USD 213M 19 Sep 2013 Company Update AVG DAILY TURNOVER: USD 0.4M WHY THE RUSH? SELL (maintain) • Recent appreciation unwarranted Fair value • • Investors paying ahead of results No takeover story at this point add: 12m dividend forecast S$0.77 S$0.010 S$0.96 versus: Current price 12m total return forecast Too fast too much too soon With BreadTalk’s
Premium Generally Accepted Accounting Principles Balance sheet Earnings before interest and taxes
BREAD TALK GROUP (Bakery) Number of brands under Bread talk group ( bakery) 1) Bread talk 2) Toast Box 3) The icing room 4) Bread Society Macro- environment: * Economic: There is a rise in income for most middle and lower income earners‚ making the bread sold price inelastic as it is a smaller proportion of the salary earned. Bread talk will always enjoy a demand for their bakery products. * Demographic: There is an increase in Singapore’s Population (overcrowding) from
Premium Bread Baker Toa Payoh
BreadTalk Group Limited Prepared by: Pek Sin Yee (3156436) Soh Mei Mei Bibi (3151012) Tan Rui Lynn (3154118) Yong Wei Ting (3152841) Chandrika Sridhar (3088524) Executive Summary Bread is one of the most popular staple in the Asian food culture. In the years‚ BreadTalk has successfully expanded their influence and reputation to 16 countries with more than 500 bakeries all around the world. BreadTalk is known for their ’see thru’ kitchen concept which enables their chefs a platform to showcase the
Premium Vermiform appendix Strategic management Strategic planning
environmentally friendly and ‘Go Green’ (Reduce‚ Reuse & Recycle) to ensure that the Earth is not harmed or polluted by their organisation’s activities. “BreadTalk” could reduce energy consumption‚ reuse and recycle plastic bags since most buns or bread is packed separately. And lastly‚ the third P refers to profit whereby the organisation is required to contribute to the society in terms of monetary profitability and also by creating jobs for people in the country. “BreadTalk”‚ has definitely created
Premium Corporate social responsibility Social responsibility Triple bottom line
Let’s talk for a while about bread. All over the world‚ in Europe and the Americas and in most of Asia‚ bread is the "staff of life"‚ it’s a key food in people’s diets. Almost everyone eats bread- we eat it as toast for breakfast‚ as sandwiches for lunch‚ as hamburger buns for dinner- or people eat it as croissants or roti‚ naan or chappati‚ or under hundreds of other names in as many different languages. Even in southeast Asia‚ where rice is King‚ bread is becoming more and more popular these days
Premium Bread
Case # 5 Panera Bread Company 1. What is Panera Bread’s strategy? Which of the four generic competitive strategies discussed in Chapter 3 most closely fit the competitive approach that Panera Bread is taking? What specific kind of competitive advantage is Panera Bread trying to achieve? Driving concept: to provide a premium specialty bakery and café experience to urban workers and suburban dwellers. Generic: Broad differentiation strategy. Competitive advantage: striving to build a
Premium Revenue Profit margin Income statement
A Summary of Michael Crummey’s “Bread” Michael Crummey’s “Bread” is a short love story. It’s about a woman who marries a man 20 years elder to him‚ not because she loved him; it was just a practical decision. The man in the story too has no love for her and only looks at her as a need to keep himself satisfied. The story is about a girl who married a man because he was a good fisherman‚ had his own house and was ready to take her parents in when they would get old. The man had a belief that two
Premium Marriage Love Sexual intercourse
increase in the revenue. The company had a group’s strategy to improved sales by maintaining the selling price in order to gain more sales in the great competitive market. However‚ due to the soaring cost of wheat and personnel costs‚ the price of bread rose correspondingly. Thus‚ the gross profit margin remains consistent. 3.1.3 Operating Profit Ratio The operating profit ratio of the company increased by 72% from $2.7 million in FY2004 to $4.4 million in FY2007. The reason is that the distribution
Premium Financial ratios Generally Accepted Accounting Principles Inventory
profitabilitythe threat of substitutes‚ the threat of new entrants‚ and rivalry among existing firmsare high. Despite these threats to industry profitability‚ one restaurant chain is moving forward in a very positive direction. St. Louisbased Panera Bread Company‚ a chain of specialty bakery-cafés‚ has grown from 602 company owned and franchised units in 2003 to over 877 today. In 2005 alone‚ its sales increased by 33.6% and its net income increased by 35.2%. So what’s Panera’s secret? How is it that
Premium Fast casual restaurant Panera Bread Fast food
Analyzing the Bread Givers Bread Givers‚ by Anzia Yezierska‚ is a novel about Sara Smolinsky‚ and her struggle remaining in the old world traditions or heading to the ever-changing new world. The novel has multiple themes‚ however‚ the main theme‚ of Anzia Yezierska’s writing‚ is the old world versus the new world. Old world versus new world is very evident in the beginning chapters when we first learn that the father of the house doesn’t work‚ controls the income to his liking1
Premium Marriage New World Love