Kimly's Growth Could Be Driven by New Outlets -- Market Talk

Dow Jones01-18

0607 GMT - Kimly's growth may be driven by new outlets, particularly in the halal segment, RHB Research analyst Alfie Yeo says in a note as he maintains the stock's buy rating. The outlook is robust, with four new eating houses available for tender by Singapore's Housing & Development Board over the next six months, and the HDB's plan to release four more from 2H, he says. Also, consumption of food-and-beverage services has improved markedly postpandemic, Yeo adds. However, RHB lowers its FY 2024-2025 earnings forecasts for Kimly by 7% after a disappointing FY 2023 performance and trims the target price to S$0.38 from S$0.40. Shares were last at S$0.325. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 18, 2024 01:07 ET (06:07 GMT)

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The outlook is robust, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"1D0.SI","symbol_name":"金味有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2404322301","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2404322301","pubTimestamp":1705558020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0607 GMT - Kimly's growth may be driven by new outlets, particularly in the halal segment, RHB Research analyst Alfie Yeo says in a note as he maintains the stock's buy rating. 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