On the result front, Chong sees Q&M’s reported profit for FY2025 was mainly distorted by “accounting noise”.
Both KGI Securities and CGS International are keeping their respective “outperform” and “add” calls on Q&M Dental Group (Q&M) (SGX:QC7
) following its recent FY2025 results and updates on their M&A progress.
In a March 20 report, Chong Ting Shuo of KGI Securities says that the recent $130 million notes issuance at 3.95% will help Q&M to raise a larger cash balance and expand its capacity for organic rollout and tuck-in M&A, but that will also increase the hurdle for capital deployment.
