Kimly

Upside potential for Kimly limited despite reasonable valuations, says RHB
SINGAPORE (Feb 20): RHB Research is maintaining “neutral” on Kimly Limited with a lower target price of 24 cents after lowering FY19F PATMI by 5% and says it sees limited potential upside to the stock despite its reasonable valuations. This comes post the release of Kimly’s 1Q19 earnings results, which reflected a lower y-o-y bottomline despite revenue growth, as distribution and selling ...
Winners and losers from Singapore's budget as election looms
SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. ...
Kimly posts 8.2% drop in 1Q earnings to $5.3 mil on higher expenses
SINGAPORE (Feb 12): Kimly, the traditional coffee shop operators, announced that its earnings for 1Q19 have dropped by 8.2% to $5.27 million, compared to $5.75 million in 1Q18. Revenue during the quarter saw a 5.0% increase to $52.6 million from $50.1 million last year, mainly due to revenue contribution from the restaurants and confectionery businesses that were acquired in July 2018, namely ...
What's next for Kimly amid its ongoing probe?
SINGAPORE (Dec 21): The past weeks have been rough for coffee shop chain operator Kimly, whose IPO on Catalist last year was among the most sought after. The group’s first major acquisition since its listing on Catalist has been rescinded. Its executive chairman Lim Hee Liat and executive director Chia Cher Khiang are under investigation by the Monetary Authority of Singapore (MAS) and the ...
Kimly says daily operations not affected by arrests of chairman, executive director
SINGAPORE (Dec 18): Coffeeshop chain Kimly says Tuesday that the group’s daily operation have not been affected by “recent events” involving executive chairman Lim Hee Liat and executive director Chia Cher Khiang. The two men were arrested by the Commercial Affairs Department on Dec 4 and are being investigated for a suspected offence under Section 199 of the Securities and Futures ...
Kimly chairman and director under probe; $16 mil acquisition cancelled
SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department. They are suspected to have flouted the Securities and Future Act. See: Kimly shares suspended on regulators' probe In a separate ...
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. 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 ...
Kimly kept at 'buy' despite dip in 3Q earnings
SINGAPORE (Aug 10): RHB Research is keeping its “buy” call on Kimly with an unchanged target price of 46 cents – implying an estimated upside of 35% – despite the traditional coffeeshop operator reporting a dip in its earnings for the 3Q ended June. Kimly saw its 3Q18 earnings fall 4.8% to $5 million on the back of higher property, plant and equipment depreciation costs. However, ...
Kimly reports 4.8% dip in 3Q earnings to $5 mil
SINGAPORE (Aug 8): Kimly, one of the largest traditional coffeeshop operators in Singapore, reported a 4.8% dip in 3Q earnings to $5.0 million from a year ago. Revenue growth of 4.2% to $49.9 million was boosted mainly by higher contributions from both the group’s outlet management and food retail divisions. The growth from the group’s outlet management division was due to an increase ...
Asian Story acquisition brings nothing but cheer to Kimly's outlook: RHB
SINGAPORE (July 4): RHB Research is maintaining its “buy” call on Kimly with a higher target price of 46 cents compared to 43 cents previously, following news of the coffee shop operator’s $16 million acquisition of Asian Story Corp (ASC) and its Asian Story brand portfolio with a 7.7% market share. The research house is particularly positive on the acquisition with the view that Kimly ...