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No smiles yet for Q&M Dental

Stanislaus Jude Chan
Stanislaus Jude Chan5/16/2018 12:34 PM GMT+08  • 2 min read
No smiles yet for Q&M Dental
SINGAPORE (May 16): Phillip Capital is keeping its “neutral” rating on Q&M Dental Group with an unchanged target price of 63 cents, despite the group reporting a set of “encouraging results” in 1Q18.
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SINGAPORE (May 16): Phillip Capital is keeping its “neutral” rating on Q&M Dental Group with an unchanged target price of 63 cents, despite the group reporting a set of “encouraging results” in 1Q18.

Q&M saw its earnings rise 17% to $4.5 million in the 1Q18 ended March, even as total revenue fell 10% to $28.7 million on the deconsolidation of Aoxin from a subsidiary to an associate in April last year.

However, the revenue decline was partially mitigated by higher revenue from dental equipment and supplies distribution companies in Singapore and Malaysia.

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