Din Tai Fung JV a ‘favourable addition’ to BreadTalk

SINGAPORE (Nov 17): RHB is maintaining its “buy” rating on BreadTalk Group with a target price of $1.45, while expressing confidence in the group’s ability to venture into the UK market with the Din Tai Fung chain of restaurants.

Earlier today, BreadTalk filed an announcement to the Singapore Exchange (SGX) stating it has entered into a franchise agreement to operate Din Tai Fung restaurants in the UK through a joint venture company with Fairy Rise Development.

The group expects to open its first Din Tai Fung outlet in London next year.

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