“Notably, its expansion drive is supported by enhanced capital flexibility and a strong desire to quickly diversify its footprint beyond the traditional markets of Singapore and Malaysia,” Ong states.
Eric Ong of Maybank Securities has maintained a “hold” call and target price of 64 cents for Q&M Dental Group (SGX:QC7
) (Q&M), given the relatively balanced risk-reward ratio for the ongoing potential M&As.
In his April 14 report, Ong points out that Q&M recently embarked on an ambitious growth strategy through M&As across Australia, Thailand, Singapore, and China.
