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KGI sees promising growth in Q&M; initiates coverage

Samantha Chiew
Samantha Chiew • 2 min read
KGI sees promising growth in Q&M; initiates coverage
KGI Securites likes Q&M for its growth potential. Photo: Albert Chua/ The Edge Singapore
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KGI Securities is initiating an “outperform” recommendation and a 35 cents target price on Q&M Dental Group (SGX:QC7) , as analyst Tang Kai Jie sees promising organic growth from the group.

Amid a saturated dental market in Singapore, the group is shifting its stance to focusing on organic growth to increase the efficiency and effectiveness of its business process in each clinic. The company has rolled out several new technological initiatives, such as a new dental mobile application and the integration of new dental technologies.

The group has also recently announced the integration of Align Technology’s latest iTero Lumina Intraoral Scanner across its dental clinics in Singapore. The iTero Lumina intraoral scanner will be deployed over the next 12 months in phases across their clinics in Singapore.

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