Q&M Dental target raised 42% to 71 cents by Maybank Kim Eng

Stock Name: Q&MDental
Company Name: Q & M DENTAL GROUP (S) LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 0.71

SINGAPORE (March 2): Maybank Kim Eng has raised its price target price for Q&M Dental Group from 50 cents to 71 cents, based on 45 times projected 2015 earnings, after increasing its earnings per share estimates by 12% for this year and 19% for 2016.

It kept its "buy" call, saying it expects strong full-year contributions from China-based Aoxin Stomatology Group and dental supplies company Aidite High Technical Ceramic, which Q&M Dental acquired last year.