June was yet another eventful month with USA Fed giving a grim economy outlook, listed companies such as Hertz filing for bankruptcy, etc.
That said, there’s still a silver lining for these 7 top stock ideas we have cherry picked from various sources…
Kimly Group, more recognisable for its Kimly hawker centers sprawled across Singapore
had been upgraded to Buy from RHB.
Kimly has announced a strategic shift to its future plans. The Group plans to “acquire more long-term and direct assets ownership of food outlets and food stalls to increase its revenue stream and reduce risks associated with leasing and tenancy.”
This is a favourable factor for investors who appreciate a company with steadier revenue streams than lumpy but higher revenue streams.
Moreover, RHB expects ” Kimly’s business to remain durable amidst this pandemic, and it will likely continue to reward shareholders with attractive dividends despite falling slightly for FY20F (Sep) of 4.7%....
