Kimly Group

Kimly acquires 60% stake in Klovex for $1 mil - THE EDGE SINGAPORE

M&A

Kimly acquires 60% stake in Klovex for $1 mil

Coffeeshop operator Kimly has entered into the cleaning services industry through the acquisition of a 60% stake in Klovex for a consideration of $1 million.

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

Broker's Calls

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.

PhillipCapital eyes year-end STI at 3,200 - THE EDGE SINGAPORE

Positioning for the recovery

PhillipCapital eyes year-end STI at 3,200

Stock markets have remained volatile as countries take turns going into lockdowns to curb subsequent waves of the Covid-19 virus, creating near-term economic uncertainty.

Kimly remains a defensive bread and butter stock - THE EDGE SINGAPORE

Broker's Calls

Kimly remains a defensive bread and butter stock

Kimly on Nov 26 announced that its FY2020 earnings have increased by 25.8% t0 $25.2 million from $20.1 million a year ago.

Deals, joint ventures & alliances

Kimly subsidiary enters into JV agreement to operate and manage halal coffeeshop in Clementi

Kimly’s wholly-owned subsidiary Kimly Makan Place says it has entered into a joint venture (JV) agreement with Tenderfresh Fried & BBQ Chicken on Nov 3 to operate and manage a halal coffeeshop

Deals, joint ventures & alliances

Kimly subsidiary to operate and manage two HDB coffeeshops with joint venture partners for total consideration of $294,000

Kimly Makan Place, the wholly-owned subsidiary of Kimly Limited, has entered into two joint venture agreements (JVA) with Hong Kah Holdings and Joo Seng Holdings for the operation and management of

M&A

Kimly acquires Teck Whye coffeeshop for $14 mil amid ongoing investigations

SINGAPORE (Sept 24): Catalist-traded Kimly is acquiring its very first coffeeshop in Singapore for $14 million.

Markets

Hong Kong formally withdraws extradition bill; Singapore's GDP forecast lowered

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight.

Management & Corporate Governance

Kimly denies ex-Pokka CEO Alain Ong is mastermind behind IPO, Asian Story acquisition

SINGAPORE (Sept 3): Coffeeshop operator Kimly said former director Alain Ong Eng Sing was not the mastermind behind its listing and its acquisition of Asian Story Corporation (ASC).

Investing ideas

Higher costs bite F&B earnings; overall pie growing, but shift towards lower end seen

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses.

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