Breadtalk

Breadtalk: Share price extends gains, setting a new record high after Thailand's Minor International recently (MINT) raised its stake in the co, via Primacy Investment, raising its stake to 8.85% on March 22. Mint's AGM takes place today, leading to speculation that the market could be hoping for supportive headlines out of that event. Mint's restaurants are already in some of the same markets in which BreadTalk operates. Mint owns the ThaiExpress chain of Thai restaurants in Singapore and recently bought the Riverside casual dining chain in China. Analysts note that the latest developments, could lead to further JV and cooprations for Breadtalk to expand further into Thailand. Recall, Maybank noted last wk that BreadTalk offers MINT an excellent portal to extend its cross-selling channels, as well as an opportunity to strengthen and add prominent brands to its growing overseas portfolio.