Kimly

RHB has an appetite for Kimly

Coffeeshop chain operator Kimly saw a 5.3% y-o-y increase in earnings to $10.5 million for 1HFY2020 ended March, with growth contributed by its five new coffeeshops and eight food stalls opened since November 2019.

SINGAPORE (Nov 27): Traditional coffeeshop operator Kimly saw its earnings fall 6.0% to $5.4 million for 4QFY2019 ended September, bringing full-year earnings to $20.1 million for FY2019, some 8.4% lower than the $21.9 million recorded a year ago.

SINGAPORE (Oct 22): Kimly is eyeing the acquisition of a portfolio of coffeeshop leases, coffeeshop units and industrial canteen units for a total consideration of $59 million.

SINGAPORE (Aug 29): Less than a year after executive chairman Lim Hee Liat and executive director Chia Cher Khiang were hauled up to assist in investigations by the authorities, coffeeshop operator Kimly is back in the spotlight for the wrong reasons.

SINGAPORE (Jun 3): Kimly, which runs a chain of coffee shops, has been steadily buying back shares from the open market since late March. The latest purchase, of 860,000 shares at 24 cents, was made on May 27. This follows a purchase of 230,000 shares at

SINGAPORE (Feb 20): RHB Research is maintaining “neutral” on Kimly Limited with a lower target price of 24 cents after lowering FY19F PATMI by 5% and says it sees limited potential upside to the stock despite its reasonable valuations.

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year.

SINGAPORE (Feb 12): Kimly, the traditional coffee shop operators, announced that its earnings for 1Q19 have dropped by 8.2% to $5.27 million, compared to $5.75 million in 1Q18.

SINGAPORE (Dec 21): The past weeks have been rough for coffee shop chain operator Kimly, whose IPO on Catalist last year was among the most sought after. The group’s first major acquisition since its listing on Catalist has been rescinded.