Kimly Limited

More
03 Jun 2021 17:22 #25760 by josephyeo
Replied by josephyeo on topic Kimly Limited
Financial year 2020 profit of $25.2 mil was Kimly highest since listing in 2017.

But it appears that 2021 is going to be even better than 2020. At half time the
profit is already $21.7 mil which is 86.1 % of 2020 full year. So 2021 is going
to be Kimly' s best since listing.

Please Log in or Create an account to join the conversation.

More
07 Jun 2021 09:11 #25762 by josephyeo
Replied by josephyeo on topic Kimly Limited
Why I am heavily vested in Kimly:

1. high dividend yield
estimate current full year dividend to be 2.0 cts. Half year dividend is 0.56 cents, which is double last year dividend of 0.28 cents. Last year full year dividend was 1.12 cents. On current price of 35.0 cents, the dividend yield for current year would be 5.7%.

2. attractive valuation
Based on half year profit of $21.7 mil, current price of 35.0 cents and number of shares at 1,190,055,000, the half year p/e is only 19.2 X. Assuming that the 2nd half profit is the same as 1st half, the full year profit would be $43.4 mil. This give Kimly a p/e of less than 10X, which is very low compared to it' s historical p/e of 16.5X to 20.7X. Most other food companies are trading at much higher valuation.

3. potential for further growth
in an earlier posting I mentioned that the impact of Kimly' s aggressive acquisition in late 2019 and early 2020 will be reflected in 2nd half of 2020 and current year. The results of the 2nd half 2020 ($14.6 mil) and 1st half 2021 ($21.7 mil) bear me out. Current year result is likely to be the best ever for Kimly. The intended acquisition for Tenderfresh is likely to add to thecompany' s revenue and profit.

Note : above are just my thoughts and assessment of Kimly and I could be wrong. I could be bias as I am heavily vested. Pls do your own due diligence.

Please Log in or Create an account to join the conversation.

More
09 Jun 2021 08:28 #25765 by josephyeo
Replied by josephyeo on topic Kimly Limited
Why hold long for Kimly. Reasons:

1. its a growth company

2. its under valued relative to like companies

3. it has good dividend yield . Dividend is likely to go
higher as its profit grow as company has a dividend policy
of distributing 50% of its profits as dividend.

4. its trading far below its historical p/e. See below:
2017 - 19.44
2018 - 19.03
2019 - 20.70
2020 - 16.50
current - 11.44
Source _ ShareInvestor.com

Above are just my thoughts and I could be wrong as
market conditions are continuously changing. Pls do
your own due diligence.

Please Log in or Create an account to join the conversation.

More
16 Jun 2021 15:41 #25774 by josephyeo
Replied by josephyeo on topic Kimly Limited
Historically Kimly is traded on a p/e of 16.5X to 20.7X. See below:

2017 - 19.44
2018 - 19.03
2019 - 20.7
2020 - 16.5
current - 11.44
Source _ ShareInvestor.com

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.6700.040
Avarga0.300-
Avi-Tech Electronics0.410-
BH Global0.335-
China Sunsine0.520-
Food Empire0.880-
Fortress Minerals0.6450.010
Golden Energy0.255-0.005
GSS Energy0.0730.001
InnoTek0.925-0.005
ISDN Holdings0.635-
ISOTeam0.137-
IX Biopharma0.245-0.005
KSH Holdings0.375-0.005
Leader Env0.1140.001
Medtecs Intl0.925-0.015
Moya Asia0.068-0.001
Nordic Group0.340-
Oxley Holdings0.235-
Procurri0.3200.010
REX International0.185-0.004
Riverstone1.350-
Roxy-Pacific0.360-
Southern Alliance Mining0.950-0.010
Sri Trang Agro1.700-0.010
Straco Corp.0.5550.005
Sunpower Group0.8400.015
The Trendlines0.1060.001
UG Healthcare0.605-
Uni-Asia Group0.830-
Wilmar Intl4.6000.060
Yangzijiang Shipbldg1.380-
Yinda Infocomm0.2950.005

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 511 guests and no members online