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PhillipCapital's Chew keeps 'buy' call on Q&M, raises target price to 40 cents

The Edge Singapore
The Edge Singapore  • 1 min read
PhillipCapital's Chew keeps 'buy' call on Q&M, raises target price to 40 cents
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Paul Chew of PhillipCapital has kept his "buy" call on Q&M Dental Group (SGX:QC7) , following the turnaround as shown by its FY2024 earnings that exceeded his expectations. 

Q&M's 2HFY2024 ended Dec 31 2024 revenue was down 4% y-o-y with the closure of a subsidiary's lab. 

However, adjusted patmi was up 20% y-o-y to $10.8 million as losses in other units narrowed and employee costs lowered. 

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