Q & M Dental Group H1 revenue rises on dental clinic, distribution business growth in Singapore, Malaysia
Q & M Dental Group H1 revenue rises on dental clinic, distribution business growth in Singapore, Malaysia
Overview
Singapore dental healthcare group's H1 revenue grew 13% yr/yr to S$99.5 mln
EBITDA for H1 increased 19% to S$19.2 mln
Net profit attributable to owners rose 27% yr/yr to S$4.9 mln
Outlook
Company prioritizes completion and integration of Australian and Thai acquisitions
Q & M Dental Group aims to strengthen operations in Singapore, Malaysia and PRC
Company remains committed to expanding Singapore clinic network through organic growth and value-accretive acquisitions
Result Drivers
CORE DENTAL BUSINESS - Growth driven by stronger contributions from dental clinics and equipment and supplies distribution in Singapore and Malaysia
NEW OUTLETS - Revenue benefited from the addition of five more dental outlets in Singapore
FOCUS ON CORE OPERATIONS - Revenue from other businesses declined 22% following the closure of four medical clinics, reflecting continued focus on dental operations
Company press release: ID:nSN9kqmCV
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$99.50 mln |
|
H1 EBITDA |
| S$19.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for Q & M Dental Group (Singapore) Ltd is S$0.68, about 23.6% above its August 13 closing price of S$0.55
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 39 three months ago
Reuters Recommended Reads
Aug 13 - Singapore's Aoxin Q & M Dental HY revenue falls as patients dwindle; profit holds due to cost cuts
Aug 13 - Singapore's AsiaMedic HY loss narrows sharply on diagnostic imaging growth
Aug 12 - India's Apollo Hospitals beats quarterly profit view, plans to add 5,800 beds over five years
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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