DBS Group Research analysts Andy Sim, Geraldine Wong and the Singapore research team are recommending investors buy into staple consumer plays such as Sheng Siong and Kimly as prices in Singapore continue to increase.In March and April, the Singapore consumer price index (CPI) saw y-o-y increases of...

UOB Kay Hian analysts Llelleythan Tan and John Cheong are keeping their “hold” recommendation on Kimly after the coffeeshop operator posted “underwhelming results” although within their expectations for the 1HFY2022 ended March.“We see limited upside at current levels, coupled with the abs...

RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.Although the reopening as well as the government’s a...

Despite reporting lower earnings for its latest 1HFY2022 ended March, Kimly is still a stock to watch, according to analysts.For its first half period, Kimly’s earnings dipped some 14.7% y-o-y to $18.5 million, due to higher administrative expenses, as it had to incur several costs for its newly a...

CGS-CIMB on Friday (May 13) has downgraded its call on coffeeshop operator Kimly Group to “hold” from “add”, as Singapore’s reopening will likely impact footfall as workers start to return to office.

COFFEE shop operator Kimly on Wednesday (May 11) posted a net profit of S$18.5 million for the first six months of the year ended March, declining 14.7 per cent from S$20.7 million net profit previously recorded in H1 FY2021.

Kimly has reported earnings of $18.5 million for the 1HFY2022 ended March, 14.7% lower than earnings of $21.7 million for the corresponding period the year before.The lower earnings were due to a $3.0 million increase in administrative expenses of $12.5 million. This is due to repair and maintenance...

RHB Group Research analyst Shekhar Jaiswal is recommending investors have a mix of growth and defensive in their Singapore portfolio amid the current inflationary environment and the geopolitical uncertainties.“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well sto...

Investors in Singapore equities should maintain a balanced portfolio in 2Q2022. Despite reopening, risks are aplenty, says RHB Group Research analyst Shekar Jaiswal.“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well stocks and sectors deal with: uncertainty over t...

These counters were selected as they fit the following criteria: They are favourable sectors in the current inflationary environment, like banks, upstream commodity producers, and those riding on the aviation and tourism sectors’ recovery.Furthermore, these stocks ride on structural changes and th...