Coffee shop operator Kimly proposes SGX mainboard transfer
The move will elevate the group’s corporate profile, enhance its visibility among a wider investor base
Coffee shop operator Kimly has proposed transferring to the Singapore Exchange (SGX) mainboard, aiming to boost its corporate image and expand investor reach. The transfer, contingent on regulatory and shareholder approval, could enhance access to capital and strategic opportunities, allowing Kimly to pursue larger-scale projects and strengthen its long-term growth platform, according to the company's bourse filing.
Analysts suggest that the move could position Kimly favorably for the upcoming expansion into the halal coffee shop sector, a market valued at around S$1 billion. Since its listing in 2017, Kimly has grown through outlet management, outlet investment, and food retail segments, with H1 2026 revenues totaling S$89.8 million. The company's net profit for the same period increased by 10.6% to S$16.4 million.
DBS Group Research has given Kimly a "buy" rating, highlighting the firm's advantageous position as a listed company. The transfer process requires SGX's in-principle approval and a shareholder vote expected in January 2027.
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