RHB Group Research analyst Jarick Seet has maintained “buy” on coffeeshop operator Kimly with a raised target price of 39 cents from 34 cents.

According to Seet, the new target price represents a 15% upside with a yield of 4% for the FY2021 ending September.

Despite the restrictive measures arising from Covid-19, Kimly’s business model remains “resilient”, he says.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook