Food for thought on BreadTalk

SINGAPORE (Feb 3): Several food and beverage (F&B) stocks are trading close to their 52-week highs after a recent rally, and the sector now looks expensive.

The 14 locally-listed companies in this sector trade at an average of 27.9 times earnings. The benchmark Straits Times Index trades at just 13.1 times earnings.

But the valuations of some of these companies – including those of Jumbo Group, Old Chang Kee and Auric Pacific Group – have been driven up in anticipation of better earnings in the quarters ahead.

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