Q&M Dental's Earnings Prospects Seen Promising on Potential Deals
Dow Jones
Aug 19
0643 GMT - Q&M Dental's earnings prospects appear promising to OCBC Group Research's Troy Cheng, who cites the dental healthcare company's potential deals in Australia and Thailand as possible profit drivers. The company's 1H profit after tax and minority interests rose 27% from a year earlier thanks to growth in its core dental business, supported by consolidation of a subsidiary, he notes. Its potential acquisition of Australia's Experteeth and purchase of a stake in Deezy in Thailand are likely to significantly expand its Asia-Pacific footprint and diversify its earnings geographically, the analyst says. OCBC reiterates its buy rating and fair-value estimate of 0.76 Singapore dollar on Q&M's long-term prospects. Shares are flat at S$0.55.
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