Singapore Stock Market News

Q&M Dental Group - NDR Feedback

StockFanatic
Publish date: Sun, 13 Oct 2013, 02:42 PM
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Strong interest in Asia's leading listed dental group. The NDR we held yesterday for Q&M drew active participation from ten institutional fund managers and surprisingly, many stimulating questions despite Q&M being a relatively unknown small cap.

We also received enthusiastic involvement from Q&M, comprising CEO, CFO and COO, who were able to effectively shed greater light on the group's growth plans in the region particularly China, its strategy of balancing geographical expansion and capital needs, its successful model of sharing revenue with dentists and cost centralisation that has allowed it to punch above its weight with almost 20% market share in Singapore, and the benefits an alliance with Q&M brings to dentists.

We maintain BUY on Q&M with a target price of SGD0.41.
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