Stock Name: Q&M Dental
Company Name: Q & M DENTAL GROUP (S) LIMITED
SIAS Research in a Mar 1 research report says: "Revenue grew to $47.8 million as the total number of clinics in Singapore and Malaysia increased to 52 in FY2011 from 44 in FY2010.
"Meanwhile, PATMI only grew 14%, to $4.6 million in FY2011 and beat our forecast by 2.6%. Lower PATMI growth was mainly due to higher employee benefits in FY2011. We expect core-operating margin to recover in FY2013F as the company passes on the cost increase.
"With an aging population in Singapore over the next 20 years, Q&M will be able to capture long-term market growth through its strong brand name. Besides, Q&M also made some progress in overseas expansion in FY2011. 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 Mar 1 research report says: "Revenue grew to $47.8 million as the total number of clinics in Singapore and Malaysia increased to 52 in FY2011 from 44 in FY2010.
"Meanwhile, PATMI only grew 14%, to $4.6 million in FY2011 and beat our forecast by 2.6%. Lower PATMI growth was mainly due to higher employee benefits in FY2011. We expect core-operating margin to recover in FY2013F as the company passes on the cost increase.
"With an aging population in Singapore over the next 20 years, Q&M will be able to capture long-term market growth through its strong brand name. Besides, Q&M also made some progress in overseas expansion in FY2011. Intrinsic value of $1. MAINTAIN INCREASE EXPOSURE."
Q and M. Many like to watch their stock
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