Hi Folks, today is not too bad a day. While working in office, I saw a notification from my Tiger Brokers App with regard to a sudden surge in share price of Kimly Ltd rising to as high as S$0.430 per share in the afternoon today (May 7, 2026). A quick check on SGX announcement showed nothing much happening to its business in May 2026. The biggest catalyst seems to be a new DBS research report released today that initiated coverage with a “BUY” call and a target price of S$0.52 per share.

1. DBS Analyst Report on May 7, 2026

The report highlighted the following on Kimly Ltd: (i) strong net cash position, (ii) stable coffeeshop cash flow,(iii) potential industry consolidation, (iv) recurring dividends and (v) gradual outlet expansion/acquisition. Medium size counters often faced poor liquidity trading issue and thus exposes Kimly Ltd to the sudden interest and spike in demand upon the release of the DBS Analyst report....