Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<ul>
<li>We believe Kimly is a yummy, undervalued re-opening, F&amp;B play in Singapore. </li>
<li>With Singapore increasingly reopening for travel and reducing various COVID related restrictions, this could have a positive impact on the company's F&amp;B business. </li>
<li>As such, we have a positive view of Kimly and we believe this stock is well poised to outperform the market in the next 6-12 months. </li>
</ul>


We believe Kimly is a yummy, undervalued re-opening, F&amp;B play in Singapore. 
With Singapore increasingly reopening for travel and reducing various COVID related restrictions, this could have a positive impact on the company's F&amp;B business. 
As such, we have a positive view of Kimly and we believe this stock is well poised to outperform the market in the next 6-12 months. 


Kimly: A Yummy, Undervalued Re-Opening F&B Play in Singapore

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Dominus Capital has lobbed a voluntary conditional cash offer of S$0.77 per share. The offer price represents a 15.8% premium to the unaffected price of A$0.665 (28 December).</li>
<li>The offer is conditional on the offeror and concert parties hold not less than 90% of the voting rights. Irrecovables represent 77.41% of outstanding shares.</li>
<li>56% of shareholders ex. irrecovables are required to accept the offer to meet the 90% threshold. While the offer is a modest premium to historical share prices, it is feasible. </li>
</ul>


Dominus Capital has lobbed a voluntary conditional cash offer of S$0.77 per share. The offer price represents a 15.8% premium to the unaffected price of A$0.665 (28 December).
The offer is conditional on the offeror and concert parties hold not less than 90% of the voting rights. Irrecovables represent 77.41% of outstanding shares.
56% of shareholders ex. irrecovables are required to accept the offer to meet the 90% threshold. While the offer is a modest premium to historical share prices, it is feasible. 


Koufu’s Voluntary Conditional Offer by Founding Shareholders

Singapore

Kimly Limited operates and manages coffee shops and food courts. The Company offers prepared foods and drinks for on-premise consumption. Kimly serves customers in Singapore.

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Kimly Ltd (KMLY SP)

Kimly: A Yummy, Undervalued Re-Opening F&B Play in Singapore

We believe Kimly is a yummy, undervalued re-opening, F&B play in Singapore which is increasingly reopening for travel and reducing various COVID...

Douglas Kim

Koufu’s Voluntary Conditional Offer by Founding Shareholders

Koufu has received a voluntary conditional cash offer of S$0.77 per share. The offer is conditional meeting the 90% voting threshold. Despite the...

Arun George

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