- Q&M Dental (SGX:QC7)'s FY24 profits exceeded our expectations: revenue and adjusted PATMI were 97% and 113% of our FY24e forecast respectively.
- 2H24 revenue declined 4% y-o-y to S$91.4mil due to the closure of the Acumen lab and slower core dental revenue. Core dental revenue fell due to the relocation of several older and less profitable clinics, with total clinics in Singapore rising by only one in FY24. Malaysia closed six clinics as the company focused on efficiency.
- - Read this at SGinvestors.io -
- The second interim Q&M Dental's dividends was raised 32% to 0.70 cents, and a 50mil share buyback was announced.
The Positive
Improving group earnings.
- - Read this at SGinvestors.io -
The Negative
Softer dental revenue.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2025-03-13
Previous report by Phillip:
2025-02-11 Q&M Dental - Growth Drivers Appearing.
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
