As of 1st March 2013, Breadtalk ‘s stock price was $0.77. On the last day of March 2013 (29 March 2013), Breadtalk’s stock closed at $0.945. Within one month, Breadtalk’s stock price has soared almost 23%!
Breadtalk is one of the various food play stocks in Singapore with the others being Old Chang Kee and FoodEmpire. Breadtalk’s stock performance in March 2013 has surprised me considering that Breadtalk’s stock price was $0.78 on 1st February 2013. However considering Breadtalk’s stock price was at $0.685 on the 1st trading day of 2013, Breadtalk’s stock price has soared 37% from start of this year to the end of the 1st quarter.
From what I have observed, Breadtalk’s stock price has almost been on an upwards projectile except in May 2012, when its stock price sank to $0.465. With Breadtalk expanding into the region and China and having ......
