The market tends to accord a high price-to-earnings (P/E) valuation for companies that exhibit greater potential for growth. However, when the performances of such companies fail to meet expectations, the drop in earnings per share resulting in a higher P/E valuation would act as a double-blow to the share price, often leading to a subsequent plunge that could sometimes be jaw-dropping. At one time the historical P/E ratio of Q&M Dental Group (Singapore) (Q&M Dental) went as high as 67 times when its shares were trading at $0.98 back in May 2015. Nonetheless, the ensuing correction since then brought the share price back down to $0.505 as at 9 July 2018, which translated to a more reasonable P/E ratio at 16.9 times. Once a bright star of yesterday, we take a look at this leading pr

MARKET OVERVIEW- Local shares could rebound after US shares rallied with Treasury yields as investors view the market reaction to Italy's political crisis as overdone. - Meanwhile, oil-related counters could be back in play after crude surged 2.2% to over US$68 a barrel.- Technically, the STI could regain some ground towards immediate resistance at 3,510, with 3.422 (200-dma) providing underlying support.CORPORATE RESULTS*KSH Holdings- FY3/18 net profit fell 28.1% to $29.5m on lower revenue of $132.6m (-33.4%) mainly due to weaker construction takings of $126.6m (-34.6%).- Operating margin expanded 4.1ppt to 21.8% from increased interest income (+$1.3m) and FX gain (+$2.3m).- Bottom line was dragged by a $11.6m swing to $3.1m loss from associates (FY17: $8.5m profit), partly shored by high

Q&M Dental Group Limited is a private dental healthcare service provider established in 1996. Starting from a single-chair dental clinic over twenty years ago, the group now has a total of 70 dental outlets and four medical outlets in Singapore, 14 dental outlets in Malaysia, and one dental outlet in China. I attended Q&M Dental Group’s annual general meeting to find out more about the company’s past year performance and its outlook for the year ahead. Here are seven things I learned from the 2018 Q&M Dental Group AGM. 1. Revenue decreased 20.3% from S$154.9 million in 2016 to S$123.5 million in 2017. The decrease is mainly due to the deconsolidation of Aoxin Q&M Dental Group from the accounts as the subsidiary was reclassified from a subsidiary to an associate of the g