0450 GMT - Kimly's stable near-term earnings growth gains the Singapore food and beverage operator a new bull in DBS Group Research's Zheng Feng Chee. The company, which operates casual open-air dining spots known as coffee shops in the city-state, is likely to sustain around 3%-5% near-term profit growth by adding two to three outlets annually, he says in a note. Its operational leverage is likely to raise its margins by a conservative 10 basis points, the analyst adds. The trend of independent coffee shop operators looking to monetize their dining spots could also provide Kimly assets to buy, he says. DBS starts its coverage of Kimly with a buy rating and S$0.52 target price. Shares rise 3.8% to S$0.41.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 07, 2026 00:50 ET (04:50 GMT)

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