KGI Securities’ Joel Ng and Amirah Yusoff have initiated coverage for Q&M Dental Group with an “outperform” rating and a target price of 54 cents. 

The analysts said Q&M has remained resilient with its dental and medical services through Covid-19. It continues to be “the bread and butter” of the Group, as its network of clinics dominates the private dental healthcare space.

Through Covid-19, although business at its clinics were somewhat affected during the circuit breaker period of April to June 2020, demand has quickly bounced back. As a result, its dental and healthcare services remain its core strength and will continue to lend a greater level of stability to the business.

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