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Kimly Ltd
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Joelton
Supreme |
20-Aug-2026 09:15
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Coffee shop operator Kimly proposes SGX mainboard transfer [SINGAPORE] Coffee shop operator Kimly proposed a transfer to the Singapore Exchange (SGX) mainboard, subject to regulatory and shareholder approval. &ldquo The mainboard transfer will serve to elevate the group&rsquo s corporate profile, enhance its visibility among a wider investor base, including institutional and international investors, and improve access to capital and strategic opportunities,&rdquo the Catalist-listed company said in a Wednesday (Aug 19) bourse filing. In addition, the group noted that a transfer to the mainboard will strengthen Kimly&rsquo s platform for long-term growth, allowing the company to pursue larger-scale and transformative opportunities, and position it &ldquo favourably&rdquo to execute its growth plans. One potential growth avenue the coffee shop operator is looking at is the halal sector. Chee Zheng Feng, analyst at DBS Group Research, noted in a May report that Kimly has expanded into the &ldquo underpenetrated&rdquo halal coffee shop segment via joint ventures and acquisitions. DBS Group Research estimated the halal food and beverage market size to be worth approximately S$1 billion. Since its listing on Catalist in 2017, Kimly has strengthened its position as one of Singapore&rsquo s established traditional coffee shop operators through various segments, it noted in the bourse release The segments include outlet management, outlet investment business and food retail. Food retail revenue for H1 2026 stood at S$89.8 million, while outlet management revenue came at S$66.5 million. Outlet investment business revenue stood at S$5.1 million. &ldquo (Kimly) has progressively expanded the scale and diversity of its operations, while improving operational efficiency and reinforcing business resilience,&rdquo the group noted. Kimly&rsquo s H1 2026 net profit rose 10.6 per cent to S$16.4 million, from S$14.8 million the previous year. In his May report, Chee noted that Kimly &ldquo is one of the leading coffee shop operators&rdquo , holding approximately 9 per cent of market share in Singapore. DBS Group Research initiated a &ldquo buy&rdquo coverage for Kimly in May, with a target price of S$0.52, citing that the coffee shop operator has a unique advantage of being a listed company. &ldquo As a listed company, Kimly is in a unique position to raise funds through share placements to fund acquisitions, serving the dual role of supporting growth and improving liquidity,&rdquo said Chee. Kimly said it will prepare and submit an application to SGX through its sponsor, PrimePartners Corporate Finance. The transfer requires SGX in-principle approval and a shareholder special resolution, added the group, noting that the vote is expected to be held in January 2027. As at Wednesday, shares of Kimly traded at S$0.39, unchanged since the start of the year. |
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Joelton
Supreme |
13-May-2026 10:06
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Kimly' s 1HFY2026 earnings up 10.6% y-o-y to $16.4 mil Coffeeshop chain Kimly' s revenue for 1HFY2026 was up 1.3% y-o-y to $161.4 million with contributions from newly acquired coffeeshops and stalls. With better margins, the company was able to report earnings of $16.4 million, an increase of 10.6% for the same half year ended March. The company plans to pay an interim dividend of a cent a share. While Kimly was able to generate slightly higher revenue from its management of coffeeshops and other outlets, its revenue for food retail was down as it shut down numerous under performing stalls. As at March 31, it held some $65.1 million in cash, down from $68.1 million as at Sept 30 2025. Kimly warns that F& B operators face a " challenging" operating environment because of higher costs from logistics to production. " Labour costs are also expected to increase following the extension of wage adjustments under the Progressive Wage Model for a further three years," the company warns. Going forward, Kimly plans to continue its growth by acquiring outlets in " strategic" locations including those in mature housing estates. In 1HFY206, Kimly added three new cofeeshops and eight food stalls. It now runs 91 food outlets, 181 food stalls, plus other outlets under various brands and formats. Kimly shares closed at 42 cents on May 12. |
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governor
Veteran |
28-Jul-2025 09:32
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Wolf Money(Kimly Ltd) This is an odd position due to two points. I pre-wrote my detail thesis before I bought my shares today and I usually don&rsquo t buy Catalist listed companies. They are too small to be noticed and many are of poor quality. There are only a handful of Catalist-listed stocks which I will consider investible. Among the Catalist stocks, Kimly ranks highly in term of profitability. I am surprised they never applied for a main board listing which they are more than capable off. Maybe $500m market cap might just do the trick. I am doing some cash management in Kimly. I will be happy with a 10 to 15% improvement. I reduced my holding in ComfortDelGro, using the capital to buy Kimly which had similar defensive moats. https://lonewolfinvestor.blogspot.com/2025/07/wolf-moneykimly-ltd.html |
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