I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Friday, 8 June 2018

Kimly (1D0:SGX) - Expecting Trend Reversal


Kimly:SGX (1DO)
Expecting Trend Reversal

Kimly operates and manages 68 coffee shops and 4 industrial canteens under the Kimly and third-party brands. In addition, 4 food courts under foodclique brand. As at 30 Sep 2017, Kimly enjoyed 98% occupancy rate.
 
Business model is defensive and generates rich cash flow. With a net cash position of S$85.5mil, we may expect value-accretive acquisitions in the mid term. With growth, we can expect potential increase in company value and re-rating by analysts.
 
On the price behaviour, stock price entered into an accumulation zone before breaking out of its downward trend line on strong volume and trading spread.

With above smart money trading observations , we can expect potential Mark Up for Kimly towards 1st objective S$0.405 and 2nd objective at S$0.435.

Above are my personal view. Disclaimer applies.