Stock Name: Q&MDental
Company Name: Q & M DENTAL GROUP (S) LIMITED
SIAS Research in a May 15 research report says: "Q&M’s expansion plans in Singapore and Malaysia have started to bear fruit for the company. Revenue increased by 18.6% y-o-y to $12.5 million as Q&M operates more dental clinics in 1Q FY12, compared to the previous corresponding period. "Despite higher employee benefits expenses, PATMI still grew 5.7% y-o-y to $1.07 million, only $62k below our estimates. We expect the newly-opened & underutilized clinics to contribute more to the bottom line going forward as business ramps up. "We maintain our forecast as 1Q results were generally in line with our expectation. However, we adjust our intrinsic value to 50 cents per share as a result of 2-for-1 share split. MAINTAIN INCREASE EXPOSURE."
Company Name: Q & M DENTAL GROUP (S) LIMITED
| Research House: SIAS | Price Call: BUY | Target Price: 0.50 |
SIAS Research in a May 15 research report says: "Q&M’s expansion plans in Singapore and Malaysia have started to bear fruit for the company. Revenue increased by 18.6% y-o-y to $12.5 million as Q&M operates more dental clinics in 1Q FY12, compared to the previous corresponding period. "Despite higher employee benefits expenses, PATMI still grew 5.7% y-o-y to $1.07 million, only $62k below our estimates. We expect the newly-opened & underutilized clinics to contribute more to the bottom line going forward as business ramps up. "We maintain our forecast as 1Q results were generally in line with our expectation. However, we adjust our intrinsic value to 50 cents per share as a result of 2-for-1 share split. MAINTAIN INCREASE EXPOSURE."
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