Q&M Dental Group - Phillip Securities 2023-08-27: Still Filling Up The New Clinics

Q&M Dental Group - Still Filling Up The New Clinics

Q&M Dental (SGX:QC7) | SGinvestors.ioQ&M Dental (SGX:QC7)
  • Q&M Dental Group (SGX:QC7)'s 1H23 revenue was within expectations, but earnings were below. Revenue and adjusted PATMI were 47%/29% of our FY23e forecast. Post-expansion of clinics, Q&M Dental is facing operating cost pressure such as staff cost, utilities, rent, finance and development expenditure of AI-guided clinical support software.
  • - Read this at SGinvestors.io -
  • We cut our FY23e PATMI forecast for Q&M Dental by 34% to S$11.9mil. We downgrade Q&M Dental from BUY to ACCUMULATE, with the target price lowered to S$0.34.
  • - Read this at SGinvestors.io -

The Positive

Growing the number of dentists.

  • Read more at SGinvestors.io.

Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.

Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2023-08-27

Read also Phillip's most recent report:
2024-03-18 Q&M Dental Group - Data-driven Treatments Can Commence.

Price targets by 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 Dividends & Corporate Actions,
Q&M Dental News Articles


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁