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Are analysts still hungry for Kimly?

Samantha Chiew
Samantha Chiew5/13/2022 02:20 PM GMT+08  • 4 min read
Are analysts still hungry for Kimly?
With the economy reopening and social distancing measures lifted, will the appetite for Kimly remain strong?
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Despite reporting lower earnings for its latest 1HFY2022 ended March, Kimly is still a stock to watch, according to analysts.

For its first half period, Kimly’s earnings dipped some 14.7% y-o-y to $18.5 million, due to higher administrative expenses, as it had to incur several costs for its newly acquired Tenderfresh business. This brought earnings per share (EPS) to 1.49 cents, down from 1.83 cents last year on a fully diluted basis.

Revenue was 27.9% higher y-o-y at $156.9 million, thanks to higher food retail revenue, but offset by the lower revenue for Kimly’s outlet management and outlet investment business segments, as footfall declined in most of the group’s coffeeshops amid the country’s economy reopening.

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