Kimly Group

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. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition

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. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.

Results

Kimly posts 6% drop in 3Q earnings to $4.7 mil on higher expenses

SINGAPORE (Aug 7): Coffeeshop operator Kimly reported 3Q19 earnings of $4.7 million, down 6% from $5 million in 3Q18 a year ago.

Results

Kimly 2Q earnings fall 13.2% but interim dividend is doubled to 0.56 cent

SINGAPORE (May 7): Kimly, the owner and operator of coffeeshops, reported 2Q19 earnings fell 13.2% to $4.7 million from $5.4 million in 2Q18.

Management & Corporate Governance

Kimly seeking AGM re-election of executive chairman under probe

SINGAPORE (Jan 14): Kimly, the coffeeshop operator, is seeking the re-election of its executive chairman Lim Hee Liat (main image) who is under investigation, at an annual general meeting (AGM) to be held on Jan 30.

Management & Corporate Governance

Kimly chairman Lim and executive director Chia arrested, out on bail

SINGAPORE (Dec 5): Coffeeshop chain Kimly’s executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) were arrested by the Commercial Affairs Department on Dec 4, but are now out on bail.

Broker's Calls

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.

Management & Corporate Governance

Kimly shares suspended on regulators' probe

SINGAPORE (Nov 27): Catalist-listed coffeeshop operator Kimly has asked for the trading of its shares to be suspended. The company said regulators have asked for certain documents and information it did not specify.

M&A

Kimly acquires seller of Asian Story drinks for $16 mil

SINGAPORE (July 2): Kimly, the kopitiam operator, has acquired for $16 million a 100% stake in ASC which markets and sells a variety of drinks under its Asian Story brand and bottled water under its Simply Water brand.
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