| Latest Forum Topics / Kimly Last:0.405 -- |
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How much TP?
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NextEvolution
Elite |
01-Nov-2017 11:21
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Sorry hor, it's accumulation mode from price range 36 to 38 before the breakout
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sengsk
Elite |
01-Nov-2017 10:06
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No break up 0.40 no buy Consolidation still on their way |
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tcshares
Senior |
01-Nov-2017 09:58
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waiting for this cash cow to move!! | ||
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Volmax
Elite |
20-Oct-2017 20:06
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I would rather they use all the cash for M& A, the increase in share price will easily surpass the dividend. Paying dividend only the SSH benefit the most, not the retail investors.  |
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moron101
Supreme |
20-Oct-2017 19:07
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Good. Like their commitment on giving 50% of profits as dividend. Super cash rich..
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Volmax
Elite |
19-Oct-2017 22:30
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Never mind lah, next month take dividend first. 
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n3wbie
Elite |
19-Oct-2017 21:43
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the relatively high P/B is a double-edged sword - works for those investors who prefer asset-light business model. essentially, they only listed the business of operating coffee shops and not the assets of the coffee shops itself. ensures that shareholders enjoy the quality of earnings. another way to see it is - good times bad times, I' ll also go to kopitiam to settle my meals. defensive stock backed by solid cash flow.
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mariners
Senior |
19-Oct-2017 10:09
Yells: "FA tells me what to buy, TA tells me when to buy" |
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Maybe to further add, their financial statement shown from 2014, every year&rsquo s ROIC is above 20%< . This shows that Kimly is not a 1 hit wonder. it can consistently maintain it&rsquo s earning. 2017 3Q ROIC is already 17-18% It&rsquo s high book value may turn people away at the first look, but I guess it can be justified by it&rsquo s consistent earnings |
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n3wbie
Elite |
18-Oct-2017 22:54
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yep, I also made the assumption of $22m NPAT so 1c div would yield approx. 2.7% with payout ratio (assuming that they pay the minimum committed amount of 50%) potential for more given FCF yield is higher than div. yield. another forumer also commented about the quality of their earnings. among the F& B listed peers (though not exactly apple for apple comparison) ROIC, ROA metrics are probably one of the highest. again, making the assumption of $22m NPAT against a relatively thin equity strip of $67.6m, ROE is at an impressive 32.5%. catalysts for organic growth - cost controls with completion of central kitchen to boost bottomline with improved operational efficiencies. cashless system is also something that PM Lee cited in his rally speech that is the direction for SG going forward. (not sure if they enjoy any tax incentives for introducing these measures). of course, any inorganic growth would be a bonus. of particular mention is that volume over the last five trading days has spiked as compared to the consolidation phase since late Jun. could something be brewing?
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Volmax
Elite |
18-Oct-2017 13:42
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Assuming 50 % FY net profit of 22m for dividend, divided by 1.1b shares, roughly 1c per share. Not very attractive, but it the synergies of the central kitchen, cashless system and online delivery that could bring in more income for the group. Of course, the triump card would be the M & A of another coffeeshop group. 
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Volmax
Elite |
17-Oct-2017 22:02
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Consolidation between 37~40c since mid June, will cheong any time from now. |
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n3wbie
Elite |
17-Oct-2017 20:15
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was also starting to take a look at this cash cow business - valuations seem in line but it has zero debt and almost 20% of the market cap is cash. so ex-cash PE is quite attractive at just around 15-16x. in their 3QFY17 results, it indicated that their central kitchen will be completed by 4QFY17 - so that should be done by Sep 2017 (given their financial year end is in Sep). would be good to see if there would be cost synergies with more operations being centralised and potentially improving the bottomline performance. they also have a dividend policy if im not wrong of paying out 50% of NPAT (so assuming zero growth), that would yield about 2.7% presently. their FCF yield already exceeds 2.7% so essentially its a self-sustaining cash cow. apart from sub-peers valuation gap to close, any earnings accretive M& A would be good catalysts. their last small M& A had shares issued to vendors at 50c/share so they must recognise the intrinsic value in this company. just my two cents worth, subject to more inputs from others. |
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mariners
Senior |
02-Oct-2017 23:40
Yells: "FA tells me what to buy, TA tells me when to buy" |
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Vested after doing the ROIC, at between 27 - 31% ROIC this company and management is very exceptional getting returns from their asset. Value investors will avoid I think, ' cause it' s quite above value. (Peers like Breadtalk is more overvalued while Japan Foods is also around their PE) Their gross profit margin from 2014 has been consistently at 21% Basically I' m paying for a good business and for the company having no debt. (Can be considered defensive too since it is in a low cost food business as compared to restaurants) ` If they followed through their promise of paying 50% and above dividend. An 80% MOS (Very conservative for their business model) yield would be around 2%~ Growth in F& B and their business however will probably comes from M & A, reducing manpower cost through productivity and not overbidding for rental. |
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Volmax
Elite |
29-Sep-2017 11:54
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Been to a few of their coffeeshops and food stalls. I like what I see, Kimly is doing a roaring business. More importantly, M& A is on the card in addition to their organic growth! 
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sengsk
Elite |
29-Sep-2017 10:14
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No break up 0.40 no buy Consolidation still on their way Good to collect IF you can get at the base of 0.365 |
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Volmax
Elite |
29-Sep-2017 09:55
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My next stock to run. Should have aquisition news coming out soon!
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Volmax
Elite |
13-Sep-2017 10:40
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Ai lai,ai lai liao! Interest seems to pick up recently. Central kitchen should be ready for operations very soon.
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MichaelSchenker
Master |
08-Aug-2017 21:07
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http://www.businesstimes.com.sg/stocks/brokers-take-uob-kay-hian-issues-buy-call-on-kimly-limitedBroker' s take: UOB Kay Hian issues ' buy' call on Kimly LimitedTuesday, August 8, 2017 - 13:17
UOB Kay Hian on Tuesday issued a buy call on coffeeshop operator Kimly Limited (Kimly) with a target price of S$0.46. The investment banking firm upgraded Kimly from " hold" to " buy" on valuation grounds as its stock price has pulled back 15 per cent since their " hold" valuation in May 2017. At current levels, the stock is trading at a forecasted PE (price-earnings) ratio of 19.7 times for FY17, a 9 per cent discount to peers, and a forecasted ex-cash PE ratio of 16.2 times. According to UOB Kay Hian, Kimly has a strong cash position and a clean balance sheet. As at June 30, 2017, the group had a cash balance of S$76.6 million, compared to S$37.1 million a year ago. UOB Kay Hian added that potential mergers and acquisitions (M& As) may drive Kimly' s next stage of growth. While near-term growth may be relatively muted, there are opportunities for growth through potential acquisitions, which will likely drive the group' s earnings in FY18-19. Compared with a year ago, the group has added a total of three new coffee shops, as well as 13 food retail stalls. As at 12.30pm, Kimly Limited which launched its Catalist IPO (initial public offering) on the Singapore Exchange on March 20, was trading at S$0.375, unchanged from its previous day close.
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Volmax
Elite |
21-Jul-2017 20:54
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Going for shopping spree. S11 or Kim San Leng. Engine started.
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NextEvolution
Elite |
21-Jul-2017 14:10
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Ah Kim looks like it is breaking out from low of 35/36 towards 40s. Time for more kim-chi?
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