Q&M Dental Group - DBS Research 2023-03-15: Border Reopening & Gestating Assets To Remain A Drag

• We are maintaining the number of Q&M Dental Group (SGX:QC7)'s dental clinics in Singapore and Malaysia, at 107 and 44 respectively in FY23-24F, considering management’s new guidance, but raising the revenue per clinic slightly to factor in the addition of new dental chairs in existing clinics and the recruitment of new dentists.
  • - Read this at SGinvestors.io -
  • We believe that the outflow of patients to neighbouring countries such as Malaysia and Thailand for dental treatment is likely to continue, reverting to the pre-COVID-19 trend.
• While Q&M Dental's management remains positive about its AI investment, we note that there have been challenges in the development and optimisation of the initiative. We project more losses to come and estimate it could take around three years for a turnaround.
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Q&M Dental – Earnings forecast revision & valuation

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2022-11-17 Q&M Dental Group - Slowdown Expected In Dental Business.

Price targets by 2 other brokers at Q&M Dental Target Prices.

Listing of research reports at Q&M Dental Analyst Reports.

Relevant links:
Q&M Dental Share Price History,
Q&M Dental Announcements,
Q&M Dental Dividend Payout Dates & Corporate Actions,
Q&M Dental News