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Kimly set to benefit as more work from home: CGS-CIMB

The shift towards a hybrid WFH model should support its heartland outlets and boost its food delivery services

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Tan Nai Lun

Tan Nai Lun

Published Mon, Jun 21, 2021 · 09:50 PM

    Singapore

    KIMLY will likely gain from Singapore's continued shift towards a hybrid work-from-home model, which should support footfall at its heartland outlets and boost its food delivery services, said CGS-CIMB.

    The research team has initiated coverage on Kimly with an "add" call and a target price of S$0.46, adding that the coffee shop and food court operator is its top pick among listed food and beverage (F&B) companies.

    kimlyM&A

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