Kimly Limited

There is an interesting write up on Kimly in Investor-One.

Unaudited Financial Statements and Dividend Announcement
For the financial year ended 30 September 2020

Current liabilities
TheGroup's current liabilities increased by S$47.5million mainly due to (i)adjustment arising from adoption of SFRS(I)16Leases, resulting in recognition of lease liabilities (currentportion) of S$33.2million;

Non-current liabilities
TheGroup's non-current liabilities increased by S$129.0million mainly due to (i)adjustment arising from adoption of SFRS(I)16Leases, resulting in recognition of lease liabilities(non-currentportion) of S$104.0million;

---

By adopting the new SFRS reportings, both current/non-current liabilities have increased substantially.

Do you see any risks?

Check it against:
1. total assets which are $319.8 mil
2. cash which is $68.3 mil and
3. debt $25.5 mil
Looks very safe to me.

Looking forward to:

1. trading cum dividend of 0.84 cents on later part of this month

2. upgrade to the mainboard. Koufu is in the mainboard. No reason why Kimly should not be there.

Vested! Dyodd

AGM will be held on 21 Jan 2021.

Expect a dividend of 0.84 cents to be approved.

RHB ups Kimly' s TP to 39 cents amid expectations of JVs, acquisitions to ' boost growth'

For details, refer to RHB report