Home Capital Broker's Calls

RHB ups Kimly's TP to 46 cents on strong FY2021 results; CAD case no longer overhang factor

Felicia Tan
Felicia Tan1/18/2022 11:59 AM GMT+08  • 2 min read
RHB ups Kimly's TP to 46 cents on strong FY2021 results; CAD case no longer overhang factor
As at 12.01pm, shares in Kimly are trading 0.5 cent lower or 1.22% down at 40.5 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

RHB Group Research analyst Jarick Seet has kept “buy” on Kimly with a higher target price of 46 cents from 42 cents previously.

The buoyant outlook is based on Kimly’s strong FY2021 results, where its total revenue grew 13.2% y-o-y to $238.6 million. Its PATMI stood 55.7% higher y-o-y at $39.3 million. Kimly’s FY2021 ended on Sept 30, 2021.

“Going forward, with the Tenderfresh acquisition, its bottomline and profitability should increase further. We expect the company to continue expanding organically, by opening more outlets and refurbishing existing ones,” writes Seet in a Jan 18 report.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now