Q&M Dental Group (Q&M)

Results

Q&M reports 46% lower earnings of $5.3 mil in 1HFY2023 as medical lab segment sees lower demand for Covid-19 testing

A first interim dividend of 0.16 cent per share has been declared for the period. It will be paid on Sept 13.
Q&M disposes stake in Shanghai Chuangyi Investment & Management for RMB500,000 - THE EDGE SINGAPORE

Company in the news

Q&M disposes stake in Shanghai Chuangyi Investment & Management for RMB500,000

As at FY2022 ended Dec 31, 2022, Shanghai Chuangyi’s net asset value (NAV) stood at RMB1.4 million.

Company in the news

Q&M to award non dentist employees with shares in change to performance share plan

Q&M says it intends to call for an EGM to seek its shareholders’ approval for the proposed amendment.

Broker's Calls

Analysts lower Q&M's TP after its 4QFY2022 results performed below expectations

CGS-CIMB's new TP is now at 42 cents while Maybank Securities' new TP is now at 37 cents.

Results

Q&M Dental slips into loss of $2.2 mil for 4QFY2022 on lower Covid-19-related revenue contribution

A second interim dividend of 0.6 cent per share was declared, bringing the total dividend for FY2022 to 1.0 cent per share.
Analysts mixed on Q&M Dental as core dental business outlook remains uncertain - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on Q&M Dental as core dental business outlook remains uncertain

Analysts from CGS-CIMB, DBS and PhillipCapital have maintained their recommendations for “add”, “hold” and “buy” respectively.
CGS-CIMB updates Q&M to 'add' as Acumen's tender win alleviates short-term pressure - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB updates Q&M to 'add' as Acumen's tender win alleviates short-term pressure

"We believe valuations have turned attractive for Q&M": CGS-CIMB as their FY2023 earnings note negligible contribution from Acumen
CGS-CIMB downgrades Q&M, slashes TP to 44 cents; PhillipCapital lowers TP to 60 cents on near-term challenges - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades Q&M, slashes TP to 44 cents; PhillipCapital lowers TP to 60 cents on near-term challenges

Despite the lower target price, Tay and Tan believe the market has already priced in the group’s near-term challenges.
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