While analysts Tay Wee Kuang and Kenneth Tan have yet to incorporate the potential earnings impact on the group, they believe that the tender win will help to alleviate the short-term pressure the group is currently experiencing.
CGS-CIMB Research has upgraded its recommendation on Q&M Dental Group to “add” from “hold” after the group’s diagnostics arm Acumen won a tender from the Ministry of Health (MOH) to operate a Joint Testing & Vaccination Center (JTVC).
The tender is estimated to be worth $3.6 million in revenue for the group and is for a period of 15 months from October 2022 to December 2023.
