Stock Name: Q&M Dental
Company Name: Q & M DENTAL GROUP (S) LIMITED
SIAS Research in an Aug 15 research report says: "Q&M's 2Q FY11 revenue and PATMI rose 22% and 12% y-o-y to $11.2 million and $1.4 million respectively, largely in line with expectation.
"The company continued to expand in China and signed non-binding agreements with Beijing Le Le Jia and Shanxi Meiyuan Medical Technology over the last three months. To date, Q&M had four pending deals in China and the entities are capable of generating approximately RMB40-50 million annually, more than half way mark to achieving their combined target profit of RMB80 million for the China joint ventures.
"We are lowering our FY2011F and FY2012F so as to account for the "delayed" income for the China associates. Q&M also declared 0.6 cents dividend per share for 1H FY2011. Intrinsic value of $1.00. MAINTAIN INCREASE EXPOSURE."
Company Name: Q & M DENTAL GROUP (S) LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 1.00 |
SIAS Research in an Aug 15 research report says: "Q&M's 2Q FY11 revenue and PATMI rose 22% and 12% y-o-y to $11.2 million and $1.4 million respectively, largely in line with expectation.
"The company continued to expand in China and signed non-binding agreements with Beijing Le Le Jia and Shanxi Meiyuan Medical Technology over the last three months. To date, Q&M had four pending deals in China and the entities are capable of generating approximately RMB40-50 million annually, more than half way mark to achieving their combined target profit of RMB80 million for the China joint ventures.
"We are lowering our FY2011F and FY2012F so as to account for the "delayed" income for the China associates. Q&M also declared 0.6 cents dividend per share for 1H FY2011. Intrinsic value of $1.00. MAINTAIN INCREASE EXPOSURE."
No comments:
Post a Comment