Wolf Money(Kimly Ltd)
The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . I bought back Kimly after the correction in the company’s share price. The stock is trading at a similar level which I paid for last year. The stock is trading with a 5.5% or 2c dividend a year. This comes on the heels of my recent HRnetGroup purchase, another high-yield stock. The stock is in a net cash position of $68m excluding lease liability. I am rebuilding my portfolio with some safer stocks that are AI proof, a strong balance sheet and a good dividend yield etc. The growth for Kimly will likely come from government policy. I am expecting more CDC vouchers to be given by the government to help mitigate cost of living pressure and the potential economic leakages to Malaysia when the RTS opens. Kimly is one of the beneficiaries of such a policy as most of their coffees shops accept CDC vouchers. They are...