Ong also notes that Q&M declared a third dividend per share of 1 cent, translating into an attractive yield of 6.9%.
Analysts have maintained “buy” calls on Q&M Dental Group with lower target prices. They are also optimistic about a strong earnings trajectory moving forward.
Maybank Kim Eng Research analyst Eric Ong lowered the target price to 78 cents, based on 22 times FY2022 price-to-earnings ratio (P/E), which implies an approximate 15% discount to its peers.
