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Showing posts from June, 2018

Kimly (1D0:SGX) - Expecting Trend Reversal

Kimly:SGX (1DO) Expecting Trend Reversal Kimly operates and manages 68 coffee shops and 4 industrial canteens under the Kimly and third-party brands. In addition, 4 food courts under foodclique brand. As at 30 Sep 2017, Kimly enjoyed 98% occupancy rate.   Business model is defensive and generates rich cash flow. With a net cash position of S$85.5mil, we may expect value-accretive acquisitions in the mid term. With growth, we can expect potential increase in company value and re-rating by analysts.   On the price behaviour, stock price entered into an accumulation zone before breaking out of its downward trend line on strong volume and trading spread. With above smart money trading observations , we can expect potential Mark Up for Kimly towards 1st objective S$0.405 and 2nd objective at S$0.435. Above are my personal view. Disclaimer applies.