RHB ups Kimly's TP to 39 cents amid expectations of JVs, acquisitions to 'boost growth'

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.