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Kimly kept on 'buy' amid mixed review of 'productive' coffeeshop

Stanislaus Jude Chan
Stanislaus Jude Chan9/12/2018 11:41 AM GMT+08  • 2 min read
Kimly kept on 'buy' amid mixed review of 'productive' coffeeshop
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.
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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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