| Latest Forum Topics / Q&M Dental Last:0.58 -- |
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Q&M dental
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HappyLeeEating
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23-Aug-2021 16:43
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Wow... what' s happening today? Going down to 0.665? | ||||
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piscesmonkey
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23-Aug-2021 09:54
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Correction today? | ||||
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PhillipTan
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23-Aug-2021 05:16
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Analysts see Q& M subsidiary' s acquisition of Acumen as positive Maybank KE lifts TP to $1.03Analysts at CGS-CIMB Research and Maybank Kim Eng are remaining positive on Q& M with ' add' and ' buy' calls.Maybank Kim Eng analyst Eric Ong has lifted Q& M' s target price estimate to $1.03 from 87 cents previously. Q& M' s PATMI for the 2QFY2021 beat his expectations slightly due to the continued expansion of its dental clinics and its ramping up of testing operations. That said, Ong has kept his earnings per share (EPS) forecasts largely unchanged, although his increased target price comes about as he rolls valuations forward to FY2022 still based on a price-to-earnings (P/E) of 22 times. On Aug 16, Q& M' s 43.94%-owned associate Aoxin Q& M announced that it would be acquiring 49% of Acumen Diagnostics for a consideration of $29.4 million. The deal will be financed via an allotment and issue of new shares at 23.1 cents apiece, representing a 31% premium to its last-closed price. The acquisition implies an attractive FY2021 P/E of 3 times, says Ong. It will also allow Aoxin to enter the medical diagnostics business in Singapore and boost its turnaround. Following the completion of the acquisition, Q& M will have stakes of 33% and 67% in Aoxin and Acumen respectively. To Ong, the demand for testing should remain firm as Singapore prepares to live with Covid-19. As it is, the country has also prepared to gradually reopen its borders. The group also says it sees new opportunities to support the government beyond PCR testing, including swabbing and vaccination services. The way he sees it, Q& M fills the gap between public dental services that are affordable but require a long waiting time and premium services. " [Its] group model enables dentists to concentrate on core duties and leverage the firm' s strong branding to attract patients," he writes in an Aug 17 report. Q& M also has a " healthy balance sheet with low gearing provides ample headroom for more organic expansion and accretive M& As," he adds. In an Aug 16 report, CGS-CIMB analysts Kenneth Tan and Lim Siew Khee have kept their target price at 97 cents, the same as their target price just three days before. Tan and Lim say they see a potential valuation gain of some $28 million to be recognised on the back of the acquisition. " We view the acquisition favourably given the cheap purchase consideration and positive contribution to Aoxin via high-margin testing," they write. As at 1.22pm Friday, Aug 20, shares in Q& M are trading 0.5 cent lower or 0.63% down at 79.5 cents, or FY2021 P/B of 5.9 times and dividend yield of 5.0%, according to Maybank KE' s estimates.   |
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Everyday
Elite |
22-Aug-2021 16:13
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Hope for Mon price recovery......any further drop will bleed those who bought  at higher prices.....
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shk363
Elite |
21-Aug-2021 08:27
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wait below 70
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ysh2006
Supreme |
20-Aug-2021 19:39
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Today XD give us 1c but dropped 2.5c ? bonus already apr' ved, next week may announce when XB date.
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Everyday
Elite |
20-Aug-2021 19:07
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Closed at 0.775.....really low.....see Mon whether it recover | ||||
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trademaster
Supreme |
20-Aug-2021 16:31
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last 30 min run to 85 again will be nice... | ||||
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trademaster
Supreme |
20-Aug-2021 16:26
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nobody want bonus issue? scoop 78 | ||||
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Everyday
Elite |
20-Aug-2021 13:58
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Price drop to 0.795 again....as at 2pm......Total Vol 2.2m.
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Everyday
Elite |
20-Aug-2021 10:58
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AS at 11am up to 0.800....Thanks for the article... Hope  price  maintain and continue to recover....
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Everyday
Elite |
20-Aug-2021 10:36
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Hope this announcement can help the price to recover. Now back to 0.795 as at 10.35am fr a low of 0.790  Total Vol 538k
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Everyday
Elite |
20-Aug-2021 10:03
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When the price start to drop( could be due to the BB)......those who bought cheaper  started to sell to collect some profit...others think it will drop further,panic  and    sell at a loss...buyers like the BB and others grab the shares at cheaper price....the BB do not need to sell all the way.. they just need to cause some panic....press the price down initially and others will panic and start selling...all the way down...anyway  now as at 10am  price is low at 0.790....Volume not very much...only 408k
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Everyday
Elite |
20-Aug-2021 09:38
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Open at 0.795 and drop to 0.790 and back to 0.795 as at 9.38am. 377k shares changed hands.Hope for recovery.... | ||||
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PhillipTan
Supreme |
20-Aug-2021 09:34
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Q& M Dental receives in-principle approval to issue up to 161m new sharesQ& M Dental Group on Thursday said it received in-principle approval for its proposed bonus issue of up to 161 million new ordinary shares, representing about 20.5 per cent of the group' s existing issued and paid-up share capital of 804.9 million shares (see amendment note). This is on the basis of one bonus share to be credited as fully paid for every five existing ordinary shares in the capital of Q& M held by shareholders, fractional entitlements to be disregarded, as at the record date to be determined by the directors.  The bonus shares will be issued to shareholders whose names appear in the Register of Members or who have shares entered against their names in the Depository Register as at the record date. The new shares will rank equally in all respects with the existing ordinary shares and with each other, except that the bonus shares will not be entitled to any dividends, rights, allotments or other distributions. Notice of the record date will be disclosed at a later date after the necessary approvals have been obtained from SGX-ST. In its original Aug 13 announcement (see amendment note), Q& M said the proposed bonus issue aims to increase the issued share capital base of the company to reflect the growth and expansion of the business and to " reward and give due recognition to shareholders for their loyalty and continuing support" . If carried out, the proposed bonus issue will also increase the accessibility of investing in Q& M, thereby encouraging trading liquidity and greater participation by investors and broadening the shareholder base of the company, it noted. The new shares will represent around 16.7 per cent of the enlarged share capital (excluding treasury shares and subsidiary holdings) of Q& M following the completion of the proposed bonus issue, assuming no changes to its total issued share capital as at the record date. Q& M shares closed down 1 Singapore cent or 1.2 per cent to 80 cents on Thursday.   |
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trademaster
Supreme |
20-Aug-2021 09:24
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Hope can see 90 ct today. Selling drying up | ||||
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shk363
Elite |
20-Aug-2021 08:20
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must be BBs trying to depress price so they can pick up more later | ||||
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Everyday
Elite |
19-Aug-2021 17:41
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Closed at 0.800. Down 0.5 cents from opening of 0.805. Today...many bought at cheap price.. 9m shares changed hands mainly  at 0.795. Let see whether collection stop  tmr.....
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Everyday
Elite |
19-Aug-2021 13:12
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Open at 0.805...went down ton 0.790 and up to 0.795 as of now 1.11pm | ||||
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Everyday
Elite |
18-Aug-2021 21:24
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Hv to be patient to wait for collection to be over.... | ||||
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