- 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:
2024-08-29 Q&M Dental Group - Organic Growth Returning.
Previous report by Phillip:
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 Dividend Payout Dates & Corporate Actions,
Q&M Dental News
