Kimly limited is one of the few companies which reported improved revenue n profit in its1st half result released on 11 May 2020. Going forward, with its recent acquisitions, the results are likely to be even better. See below:
future very good. See below:
1) 5 new coffee shops n 8 food stalls, acquired in Nov and Dec 2019
2) 2 coffee shops, 3 industrial canteens and 1 restaurant,
acquired in June 2020.
3) 2 other acquisitions in the pipeline
4) productivity has gone up as can be seen from the improved
gross margin and net margin.
Moreover, RHB expects business to remain durable amidst this pandemic, and it will likely continue to reward shareholders with attractive dividends despite falling slightly for FY20F (Sep) of 4.7%.
We expect dividends to pick up over the next few years as things return to normal for the company post Circuit Breaker. This is a factor interesting to investors who like steady dividends.
