Kimly - CGS-CIMB Research 2022-01-03: A Prime Heartlands Gem

Kimly - A Prime Heartlands Gem

KIMLY LIMITED (SGX:1D0) | SGinvestors.ioKIMLY LIMITED (SGX:1D0)
  • Koufu (SGX:VL6) received cash offer of S$0.77/share from its founders to take it private, making it possibly the 3rd F&B company to delist from SGX since 2020. See Koufu's announcements.
  • The implied valuation for Koufu is 16x CY22F P/E; we view this as positive to Kimly (SGX:1D0), which currently trades at a notable discount of ~13x.
  • Kimly is also in a net cash position, rides on structural growth trends, and offers a sustainable dividend yield of ~4%.
  • Reiterate ADD call on Kimly with target price of S$0.56.



Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.



LIM Siew Khee CGS-CIMB Research | https://www.cgs-cimb.com 2022-01-03
SGX Stock Analyst Report ADD MAINTAIN ADD 0.560 SAME 0.560




Previous report by CGS-CIMB:
2021-11-25 Kimly - Fresher Flavours

Check out the most recent target prices at Kimly Target Prices. Listing of analyst research reports at Kimly Analyst Report.

Relevant links:
Kimly Share Price History,
Kimly Announcements,
Kimly Dividends & Corp Actions,
Kimly News Articles





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