Kimly’s direction and interests are 'still aligned' as it enters into 'a new era': RHB

RHB Group Research analyst Jarick Seet has kept his “buy” call on Kimly with an unchanged target price of 46 cents after the coffeeshop operator decided not to engage former executive chairman Lim Hee Liat and former executive director Chia Cher Khiang as its independent consultants.

While Kimly had previously wanted to continue tapping the duo’s experience and expertise following their conviction for breaching the Securities and Futures Act (SFA), the group’s stakeholders felt otherwise.