CGS-CIMB Research is keeping its “add” call on Q&M Dental Group with a target price of 97 cents, following it recent stellar 1QFY2021 ended March results, which saw earnings increase by a whopping 618% y-o-y to $9.4 million, while revenue was 47% higher at $43.8 million, as the group enjoyed better business at its dental clinics. The earnings growth also included a one-off net gain of $4.3 million from the complete disposal of its stake in Aidite.

As at March 31, Q&M has a total of 85 dental outlets in Singapore, an increase from 80 outlets as at March 31 2020. The company runs an additional 5 medical outlets and 1 dental college.
Over at Malaysia, as at March 31, it runs a total of 36 dental outlets, versus 32 last year. It runs one dental outlet in China as well.

See: Q&M reports 618% surge in earnings for 1QFY21

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