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Brokers' take

Published Tue, Jul 3, 2018 · 09:50 PM

Kimly Limited | Buy (Maintained) Target price: S$0.46 July 3 close: S$0.37 RHB Research, July 3

Kimly has acquired Asian Story Corp (ASC) for S$16 million in cash. ASC's Asian Story brand portfolio comprises nine different drinks. This brand has a 7.7 per cent market share and is ranked 31st largest in the domestic Asian drinks market.

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