Stock Idea Q&M Dental Group is still a buy after its recor | FSMOne SG - Research Highlights

Stock Idea

Q&M Dental Group is still a buy after its record breaking third quarter

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• Q&M Dental Group is a leading private dental healthcare group in Asia. It has the largest network of private dental outlets in Singapore, and an expanding presence in Malaysia and China.

• Q&M recorded an impressive third quarter. Total revenue in 3Q21 experienced a 47.6% YoY increase, while net profit saw a 57.0% YoY increase.

• The Group witnessed higher revenue coming from its dental outlets, as well as significant contribution from its Covid-19 medical laboratory/testing business.

• Q&M is a major shareholder of Aoxin, who is acquiring 49% of Acumen Diagnostics.

• The PCR tests developed by Q&M’s subsidiary, Acumen Diagnostics is able to detect the new Omicron variant.

• Our 2023 target price for Q&M is SGD 0.83. This represents an upside potential of 41%.

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: Q&M Dental Group (SGX:QC7)