Many companies conduct share buybacks, with the belief that their share prices are undervalued (and that utilising their cash reserves to buy back shares adds value to shareholders) and thus represent a good bargain. Some companies also buy back their shares to provide support for the share price, which may have been unfairly beaten down due to negative news flow or a poor financial report for the quarter. Here are three companies which have repurchased their shares this week, including a short commentary on their results and prospects. 1. Kimly Limited Kimly Limited (SGX: 1D0), or Kimly for short, is one of the largest traditional coffee shop operators in Singapore, and the group manages and operates a network of 68 food outlets and 130 food stalls across the heartlands of Singapore. On 8

Last December, two top Kimly directors were arrested by the Commercial Affairs Department (CAD). They are currently being investigated on the company’s proposed acquisition of Asian Story Corporation (ASC) and are suspected of giving false or misleading information that is likely to induce the sale or purchase of securities, or affect the market price of securities — an offence under Section 199 of the Securities and Futures Act. Kimly has since pulled out of the proposed acquisition. With this in mind, I decided to attend Kimly’s annual general meeting this year to learn more about the issue and the company’s business. When I reached the venue, I was surprised by the turnout because AGMs of small-cap companies are usually poorly attended. (I guess when there is bad ne

Here are 10 key points to take away from Kimly Ltd’s (SGX: 1D0) latest result presentation.

Kimly Ltd (SGX: 1D0) has seen its share price plunge since its listing in 2017. I take a look at its financial track record to see if it makes a good candidate for further research.