Kimly Limited

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18 Aug 2020 10:29 #25443 by josephyeo
Replied by josephyeo on topic Kimly Limited
Summary of acquisitions:

1) Nov/Dec 2019 - 5 coffee shops n 8 foodstalls
2) June 2020 - 2 coffee shops, 3 industrial canteens n 1 restaurant
3) 26 June 2020 - acquisition of 25% share of 925 Yishun Central
4) 30 June 2020 - completion of the acquisition of coffee shop at Block 347 Ang Mo Kio Avenue 3 #01-2150

The above acquisitions are likely to have positive impacts on Kimly bottomline further down the road.
Next year n the year after, we are likely to see a dramatic change in bottomline.

Above are just my thoughts. Pls dyodd.

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19 Aug 2020 07:17 #25445 by josephyeo
Replied by josephyeo on topic Kimly Limited
Kimly had from Nov/Dec 2019 to 30 June 2020, a total of 8 months, acquired:

- 8 coffee shops w 1 pending
- 8 food stalls
- 3 industrial canteens and
- 25% share of a coffee shop at 925 Yishun Central

These aggressive acquisitions likely to have a big impact on current n future bottomline

For info only. Dyodd.

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20 Aug 2020 20:06 #25447 by josephyeo
Replied by josephyeo on topic Kimly Limited
Kimly dividend history:

2017/18 - 0.96 cents, dividend yield - 4.2%
2018/19 - 0.96 cents, dividend yield - 4.2%
2019/20 - 1.40 cents, dividend yield - 6.0 %
2020/21 - 0.96 cents, dividend yield - 4.2% (estimate)
The yield is based on price of 23.0 cents per share.
Dividend will grow as profit grow.
It has a dividend policy of distributing 50% of attributable profits as dividends.
For info only.

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22 Aug 2020 12:31 #25451 by josephyeo
Replied by josephyeo on topic Kimly Limited
Below is a quote taken from the company 2019 annual report:

OUTLET MANAGEMENT DIVISION

Under our Outlet Management Division, the Group operates and manages 65 coffee shops and four industrial canteens under the Kimly brand and a third party brand, and three food courts under the foodclique brand. With our proven and established track record as a food outlet operator, we have been able to attract quality and anchor tenants with whom we have forged strong longstanding relationships.

As at the date of this report, Kimly maintained a healthy occupancy rate of 98% for a total of over 500 stalls within our managed food outlets.

Above taken from the 2019 annual report. Since then the number of coffee shops, food stalls, and industrial canteens have grown further w the recent acquisitions in Nov/Dec 2019 and June 2020.

For info only.

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23 Aug 2020 09:35 #25452 by josephyeo
Replied by josephyeo on topic Kimly Limited
From Kimly Limited Annual Report 2019:

FOOD RETAIL DIVISION

Catering to a broad and varied customer base and supported by our Central Kitchen, the Groups 135 stalls, a Kanaaji Japanese Tonkatsu food stall, two Tonkichi restaurants and nine Rive Gauche confectionery shops under our Food Retail portfolio comprises:

31 Mixed Vegetable Rice
29 Seafood &ldquo Zi Char&rdquo
22 Rice Garden
01 Kanaaji Japanese Tonkatsu food stall
03 Teochew Porridge
02 Tonkichi Restaurants
50 Dim Sum
9 Rive Gauche Confectionery

Our Central Kitchens supply sauces, marinades and semi-finished food products to our Mixed Vegetable Rice, Seafood Zi Char and Dim Sum stalls.

Above taken from page 2 of Annual Report 2019

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23 Aug 2020 09:42 #25453 by josephyeo
Replied by josephyeo on topic Kimly Limited
Kimly Limited business is broadly classified under 2 categories:

1. Food Retail Division and
2. Outlet Management Division

For info only.

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