Stock Name: Q&M Dental
Company Name: Q & M DENTAL GROUP (S) LIMITED
SIAS Research in a Sept 16 research report says: "On the Singapore front, the company expects more Singaporean patients to visit its clinics as the Primary Care Partnership Scheme (PCPS) reaches out to more than 700,000 people.
"The entity is also considering growing organically via setting up its own clinics in one of the China cities - this may help to boost profitability further but we have yet to include it into our valuation. Q&M also intends to expand its operations in Malaysia, albeit at a much slower pace as China will continue to be their priority.
"We like Q&M for its defensive nature and steady business model. The company's share price demonstrated that by falling only 3.7% since June 1 as compared to FSSTI's 13.3% drop. Intrinsic value of $1. MAINTAIN INCREASE EXPOSURE."
Company Name: Q & M DENTAL GROUP (S) LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 1.00 |
SIAS Research in a Sept 16 research report says: "On the Singapore front, the company expects more Singaporean patients to visit its clinics as the Primary Care Partnership Scheme (PCPS) reaches out to more than 700,000 people.
"The entity is also considering growing organically via setting up its own clinics in one of the China cities - this may help to boost profitability further but we have yet to include it into our valuation. Q&M also intends to expand its operations in Malaysia, albeit at a much slower pace as China will continue to be their priority.
"We like Q&M for its defensive nature and steady business model. The company's share price demonstrated that by falling only 3.7% since June 1 as compared to FSSTI's 13.3% drop. Intrinsic value of $1. MAINTAIN INCREASE EXPOSURE."
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