Kimly cut to 'neutral' by RHB on failure to launch F&B dreams
PC Lee • • 2 min read
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.
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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.
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