Kimly cut to 'neutral' by RHB on failure to launch F&B dreams

SINGAPORE (Dec 3): RHB Research is downgrading Kimly to “neutral” from “buy” given the latter’s dream of building a major F&B player like Frasers and Neave is over.

This comes after Kimly has terminated its agreement to buy Asian Story Corp (ASC) due to Pokka ending its manufacturing agreement with ASC.