SINGAPORE (Sept 12): RHB Research is keeping its “buy” call on coffeeshop operator Kimly with an unchanged target price of 46 cents following a visit to the group’s “productive” coffeeshop.
The outlet taps on automation and digital solutions to improve operational efficiency and decrease reliance on manpower. These include a NETS QR code payment system and a tray return system.
“As customers are rewarded with a discount if they return their trays to the station, 80-90% of customers cleared their own dishes after finishing up their meal during our visit,” lead analyst Jarick Seet says in a Wednesday report.
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