Kimly | DBS Research S$0.52 Carries S$147.8M Debt | EP1611🦖
Kimly | DBS Research S$0.52 Carries S$147.8M Debt | EP1611🦖
Most people hear “defensive F&B” and relax. I couldn’t, not after seeing S$147.84 million of debt sitting behind S$1.50 kopi and S$5 noodles. The more I dug into Kimly, the clearer it became that the comfort comes from the net cash story, but the real risk lives in the gross gearing that never shows up in the headline.
If you are using Kimly’s 4.88 percent yield as part of your CPF or SRS income plan, you are effectively accepting 37.09 percent gearing and a flat S$0.02 dividend at a time when profits have already slipped. That can still work, but it is no longer a set-and-forget kopi money counter; it is a Zone 4 monitoring task where a single poorly timed acquisition or a stubborn inflation cycle can turn that comforting “defensive” label into a real hit to your retirement cash flow.
📺 YouTube: https://youtu.be/mJe4pQmur1o
📩 Substack: https://investingiguana.com/p/kimly-dbs-research-buy-at-052-analyst
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
