In today’s briefing:
- KIMLY: SG Staple – Riding the Massive HDB Wave
- Indian Rubber Prices Bullish Amid Deficit in Monsoon and Tight Supply
KIMLY: SG Staple – Riding the Massive HDB Wave
- We initiate coverage of Kimly, one of the largest traditional coffee shop or kopitiam chains in Singapore (SG), known for its good food and affordable prices and an SG staple with a BUY recommendation.
- Kimly posted F&B revenues of $260 mil in FY25 (5.9% mkt share of SG $4.4 bn food court segment).
- Kimly has been strengthening its market presence in high density locations in HDB towns.
Indian Rubber Prices Bullish Amid Deficit in Monsoon and Tight Supply
Highlights
-
India in bid to scale up production as prices hit record levels
-
El Nino already impacting monsoon, causing 31% deficit
-
Idled plantations getting revived to cash in on prices
- Demand in the country will touch 1.8 million tons in the not-so-distant future from over 1.4 million currently.
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