Parkway Life REIT Price target: CGS-CIMB Research ‘hold’ $5.06 Citibank Research ‘neutral’ $5.02 Boost from new acquisitions Analysts are upbeat about Parkway Life REIT (PLife REIT) following its latest acquisition announced on Sept 13.PLife REIT announced the acquisition of three nursing h...

SGX-listed stocks Thai Beverage (ThaiBev), Kimly, Food Empire and Sheng Siong Group will likely be the winners in a rising inflation climate, says RHB Group Research analyst Jarick Seet.Sheng Siong Group and Kimly are both branded as value supermarkets and coffee shops, which will put them in good s...

CGS-CIMB Research analysts Kenneth Tan and Ong Khang Chuen have kept their “hold” call on Kimly at an unchanged target price of 41 cents after the company announced the divestment of its confectionary business.On Sept 9, Kimly entered into a business transfer agreement with Muginoho Global for t...

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 12):

Kimly’s wholly-owned subsidiary Kimly Food Products has entered into a business transfer agreement with Muginoho Global for the disposal of its confectionary business, Rive Gauche Pattisserie.The consideration for the confectionary business’ assets is $2.8 million. Additionally, Muginoho will ma...

A WHOLLY owned Singapore subsidiary of Catalist-listed Kimly on Friday (Sep 9) agreed to sell its confectionery business Rive Gauche Pâtisserie to Muginoho Global for a consideration of S$2.8 million.

UOB and Doxa signed a memorandum-of-understanding (MOU) with Kimly Construction for the execution of the trio’s first green trade finance transaction together and as part of a industry-wide move to enable companies to move their procurement and trade financing processes online, the bank an...

RHB Group Research analyst Shekhar Jaiswal has a positive outlook for Singapore equities in 2HFY2022 as the economic reopening, the country’s safe haven status and its currency should help the Straits Times Index (STI) to outperform most regional markets.In his Singapore equity strategy report, Ja...

Several stocks are coming off their pandemic highs. While they may not see a record growth year anytime soon, analysts believe that thanks to inflation, these stocks will remain to be relevant and still have room to grow.One such stock would be supermarket operator Sheng Siong Group , which was the ...

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 1):

Kimly announced that its wholly-owned subsidiary, Kimly Makan Place (KMP) on June 30, has entered into a joint venture agreement (JVA) with 808 Ta Sun in relation to the operation and management of the short-term Housing and Development Board (HDB) coffee shop lease of the coffee shop located at 808...

KIMLY Makan Place (KMP), a wholly-owned unit of Catalist-listed Kimly, has entered a joint venture with a fellow food court specialist to operate and manage an HDB coffeeshop lease at Kitchener Complex on 808 French Road.

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...