Brokers' take

Kimly | Neutral Target price: S$0.27 Dec 19 close: S$0.245 RHB Research Institute, Dec 19

We attended Kimly's corporate update on Dec 18 and came away reassured that the business operations would not be affected by the ongoing investigations.

Kimly - the Catalist-listed coffee shop operator being investigated over a controversial purchase of a drinks firm that was later aborted - remains open to acquisitions and strategic alliances, but will look at this point at developing its own brand of coffees and tea, it said on Tuesday.