Kimly Limited

Kimly set to benefit as more work from home: CGS-CIMB

Btw, Kimly' s 1H profit of $21.7 mil is it' s highest since it' s listing in 2017.
It follows that it' s full result will be it' s best (since listing).

Next financial year 2022 will again likely to be it' s best as it will include
contribution from the newly acquired Tenderfresh.

As profit grow, so will be it' s dividend as company has a dividend policy of
distributing 50% of it' s profit.

Am waiting for it' s full year result which is likely to be released in Nov' 21. And may hold all the way to 2022 and beyond so long as its story line remain positive.

For info only. Views may be bias as I am heavily vested. Dyodd.

What is  your 6-month price target?

For the moment it's 48 cents. May change if the full result is below or above expectation. Based on half year profit of $21.7 mil, I am expecting a full year profit of above $40 mil and a full year dividend of around 2.0 cents based on company's dividend policy.

Just out:

RHB Group Research analyst Jarick Seet has maintained his “buy” rating on Kimly with a higher target price of 48 cents from 42 cents previously.

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