Kimly Limited

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22 Jan 2020 13:51 #25206 by josephyeo
Replied by josephyeo on topic Kimly Limited
Trading cum dividend of 0.0084

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31 Jan 2020 23:10 #25238 by josephyeo
Replied by josephyeo on topic Kimly Limited
Quotes taken from latest financial report:

Kimly launched its signature Bak Kwa Pau (金 味 碳 烤 肉 干 包 ) on 8 August 2019 and sales of this popular Pau has crossed the 60,000 (in unit sales) milestone in the month of October. The Group is confident that the Bak Kwa Pau will be well-received as the Chinese New Year festive period approaches, due to its close association with the popularity of Bak Kwa during Chinese New Year.

Holim , the Group own brand of Iced Kopi and Teh was launched in Q4 FY2019 at 6 coffeeshops. The drinks have achieved encouraging results, with average daily sales ranging from 600 to 900 cups each day. The Group will progressively roll out Holim beverages to other coffeeshops, with a view to retail Holim at each of its coffeeshops island-wide.

--- end of quote ---

Note:
Bak Kwa 60,000 units sold in October 2019
Holim - 600 to 900 cups sold each day

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30 Apr 2020 15:29 #25323 by josephyeo
Replied by josephyeo on topic Kimly Limited
Maybe its time to look at Kimly. Its one of the few companies which have not
corrected up. Its actually one of the safest company to invest in, with no debt n
a huge cash horde of $87 mil and an excellent dividend yield of 6.7% base on
today' s price. See datas below:

Cash - $87 mil
Debt - zero
Dividend per share - 1.4 cts
Dividend yield - 6.7%
P/E - 12X
Historical high - 56.5 cts
52 weeks high - 25.0 cts
52 weeks low - 17.5 cts

Just sharing. Dyodd.

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03 May 2020 18:12 #25324 by josephyeo
Replied by josephyeo on topic Kimly Limited
As a quick summary, the key points are:

1. Kimly has the highest dividend yield in relation to other food related company

2. Safety. Given its huge cash horde of $87 mil and no debt, its clearly a safe
company to invest in

3. Low valuation. Most food companies are trading on a p/e of around 20X.
Kimly trailing p/e is below 12X.

4. Actively managed. The company is actively managed. It has expanded its
dim sum producing area, restructure its central kitchen, introduced new peoducts
such as bak kua n holim, acquired more sites, tried out cashless payment etc etc.

Refer to the company' s annual report n presentation for more details.

Above are just my thoughts/perceptions and i could be wrong. Pls do your own
due diligence.

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04 May 2020 03:24 #25325 by pine
Replied by pine on topic Kimly Limited
Kimly is a resilient business which may have felt relatively less impact from Covid. Just a cautious guess since there has been no announcement by the company on this matter.

On the point of valuation, Kimly is not expensive nor very cheap trading at 12X PE. Its stock has been sliding from the 50+ level of 3 years ago after IPO because the earnings in the past 3 years have been muted. The dividend yield has risen and that is the attractive part of it. Did i miss out anything crucial about Kimly?

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04 May 2020 08:16 #25326 by josephyeo
Replied by josephyeo on topic Kimly Limited
Just my guess. The muted profits for the past years could probably be due to their investment in many areas. Expanding the production area for dim sum, restructuring central kitchen, new pos system for the group, research into new products, trying out cashless system, trail on use of conveyor belt, and many others. Looking n acquiring new sites which carry profession costs. There are many more areas where cost is required. U can see their annual reports or presentation for more details.

Above are just my perceptions. I standd corrected.

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