Singapore Stock Market News

Q & M Dental Group - Moving upmarket

StockFanatic
Publish date: Tue, 28 Apr 2015, 04:34 PM
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■ Q&M to buy upmarket dental clinic, TP Dental Surgeons Pte Ltd, for S$28.6 mn

■ Deal favorable as purchase estimated at 15.1x P/E, lower than Q&M's 47.7x

■ We expect more acquisitions by end-2015

■ Reiterate Accumulate with higher TP of S$0.92
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