CATALIST-listed coffeeshop consolidator Kimly announced on Wednesday that its wholly-owned subsidiary, Kimly Makan Place has entered two joint-venture agreements for a total consideration of S$294,000 to operate and manage coffeeshops in Aljunied and Bukit Batok.

Kimly Makan Place, the wholly-owned subsidiary of Kimly Limited, has entered into two joint venture agreements (JVA) with Hong Kah Holdings and Joo Seng Holdings for the operation and management of the coffeeshops located at Block 376 Bukit Batok and Block 1 Upper Aljunied Lane, respectively. The co...

Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

CATALIST-LISTED coffee shop consolidator Kimly announced on Friday that its wholly-owned subsidiary Northstar has acquired a 25 per cent stake in a coffee shop property in Yishun for about S$6.06 million.  

CATALIST-listed coffeeshop consolidator Kimly announced on Friday that its wholly-owned subsidiary Northstar has acquired a 25 per cent stake in a coffeeshop property in Yishun for a consideration of around S$6.06 million. 

SINGAPORE (June 16): RHB Group Research is upgrading its recommendation on coffeeshop owner and operator Kimly to “buy” from “neutral” with a higher target price of 26 cents from 24 cents previously. The new target price represents a 13% upside for the stock. In a Friday report, lead analyst...

FOOD and beverage (F&B) players are expected to have a rough 2020, but some will do better than others. Coffee shop operator Kimly, for one, appears more resilient than its listed peers.

CATALIST-listed coffeeshop consolidator Kimly has completed the acquisitions of six food outlets first announced on Feb 21 for S$35.5 million, and will acquire the remaining two coffeeshops for S$20.3 million soon.

CATALIST-listed coffeeshop consolidator Kimly has completed the acquisitions of six food outlets first announced on Feb 21 for S$35.5 million, and will soon acquire two coffeeshops for S$20.3 million.

SINGAPORE (May 11): 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. Revenue climbed 3.1% to $107.4 million in the same period. Selli...