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Q&M Dental’s core operations rooted in strength

Benjamin Cher
Benjamin Cher11/16/2016 12:11 PM GMT+08  • 2 min read
Q&M Dental’s core operations rooted in strength
SINGAPORE (Nov 16): Maybank Kim Eng is staying bullish on Q&M Dental with a “buy” call and a target price of $1, given the group’s sound operations.
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SINGAPORE (Nov 16): Maybank Kim Eng is staying bullish on Q&M Dental with a “buy” call and a target price of $1, given the group’s sound operations.

In a Wednesday report, analyst John Cheong notes that 3Q16 results missed the mark on higher expenses from the spinoff of subsidiaries, marketing efforts and startup of a new clinic.

Cheong also notes that Q&M closed a clinic due to lack of patients, leading to a one-off loss and write-off for renovation and rental deposits. On the other hand, professional fees for spinoffs and marketing expenses of Aidite should decline in the coming quarters.

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