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https://www.theedgesingapore.com/capital/brokers-calls/cgs-cimb-keeps-add-qm-dental-part-managing-post-covid-19-growth-expectations
Q & M Dental Group (Singapore)
On May 12, Q & M Dental Group (Singapore) : QC7 +2.02% independent non-executive director Harry Ng Weng Sui acquired 70,000 shares of the company for a consideration of S$34,500, at 49.3 cents per share. This increased his total interest in the private dental healthcare group from 0.04 per cent to 0.05 per cent. Similarly, on May 14, 2021, Ng acquired 60,000 shares of the company, at 63.0 cents per share.
Q& M Dental posts 7% rise in Q1 revenue, declares S$0.004 per share dividend
TOTAL revenue for Q& M Dental Group (Singapore) ticked up by 7 per cent to about S$46.8 million in the first quarter ended Mar 31, 2022, from S$43.8 million in the year-ago period.
Net profit slumped 31 per cent year on year to S$6.5 million, from S$9.4 million previously, according to the mainboard-listed private dental healthcare group&rsquo s results on Wednesday (May 11) night.
However, excluding other gains, net profit after tax attributable to shareholders increased by 26 per cent to S$6.5 million for the quarter, compared with around S$5.2 million a year ago.
Q& M : QC7 +1.02% noted that other gains had decreased in Q1 2022 due to the absence of a one-time gain on the disposal of an associate, Aidite, in the corresponding period last year.
The company declared an interim dividend of S$0.004 per ordinary share for the first quarter of this year, to be paid on Jun 3, 2022. This is lower than the first interim dividend of S$0.01 per share declared for Q1 2021.
Revenue contribution from dental and medical clinics fell by a marginal 2 per cent to S$38.6 million for the latest quarter, &ldquo despite the challenges of the safe management measures due to the rapid spread of the Omicron (Covid-19) variant&rdquo , Q& M said. There were fewer patient visits, and some of the group' s nurses and dentists were also sick amid high Covid-19 rates in Q1 2022.
However, this impact was offset by the organic growth of opening new clinics. As at Mar 31, the group&rsquo s number of dental outlets in Singapore had grown to 99, from 85 a year ago. In Malaysia, there were 41 dental outlets, up from 36 previously.
Q& M on Wednesday said it intends to continue executing its business plans, which include expanding the network of dental clinics in Singapore and Malaysia expanding into the private dental healthcare market in China expanding in South-east Asia and rolling out a clinical testing laboratory pipeline of new tests.
Q & M Dental net profit, excluding other gains or losses,
increased by 25% to S$7.2 million on S$46.8 million of
revenue for quarter ended 31 March 2022
Net cash flow from operating activities more than doubled to S$14.7 million for 1Q2022
from S$6.2 million for 1Q2021.
Reward shareholders with interim dividend of 0.4 Singapore cent per ordinary share
for 1Q2022 to be paid on 3 June 2022.
EBITDA (excluding one-time gain in disposal of an associate in 1Q2021) increased
21% from S$10.6 million (1Q2021) to S$12.9 million (1Q2022)...
https://links.sgx.com/1.0.0/corporate-announcements/AIGNWV7S3LT0X9GC/716821_QnM_1Q_2022_Media_Release.pdf
increased by 25% to S$7.2 million on S$46.8 million of
revenue for quarter ended 31 March 2022
Net cash flow from operating activities more than doubled to S$14.7 million for 1Q2022
from S$6.2 million for 1Q2021.
Reward shareholders with interim dividend of 0.4 Singapore cent per ordinary share
for 1Q2022 to be paid on 3 June 2022.
EBITDA (excluding one-time gain in disposal of an associate in 1Q2021) increased
21% from S$10.6 million (1Q2021) to S$12.9 million (1Q2022)...
https://links.sgx.com/1.0.0/corporate-announcements/AIGNWV7S3LT0X9GC/716821_QnM_1Q_2022_Media_Release.pdf
gen lucky, here??? good, saya may be can also collect some.
Seem like March mood. SMRs just entered a bit 0.535.
Pioneer troops entered.
Pioneer troops entered.
heyhellohey ( Date: 01-Apr-2022 12:39) Posted:
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No Signboard is clearly a personal investment by the CEO. I think Q&M price is mainly affected by the reduce number of Covid-19 testing. Perhaps it?s a mistake to dilute the stocks.
yes its personal deal n yes price drop due q4 profit miss n yes the acumen catalyst still there
trees4daWoods ( Date: 09-Mar-2022 15:47) Posted:
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This stock always go low in March. Last year too. Maybe March is a jinx month for Q& M.
The purchased price is only $1.00 for 30% No Sign Board...after the loan ,No Sign Board can open business & listing in market again ?
trees4daWoods ( Date: 09-Mar-2022 15:47) Posted:
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This is what i do not understand. The purchase of the ' No SignboardHoldings' shares by the CEO of Q& M is in his personal capacity right? No where does it say that the purchase is by Q& M. If so, what does that have to do with the company? It' s Dr Ng who will extend the loan and not the company right? The company and its CEO are not one and the same.
If no, why has the share experienced a freefall when the principal business of Dental Services & AcuMed (with COVID-19 testing) remains unaffected except for the miss in Q4FY21 profit miss?
Just wanted to understand the views of the commentators here. Thanks!
If no, why has the share experienced a freefall when the principal business of Dental Services & AcuMed (with COVID-19 testing) remains unaffected except for the miss in Q4FY21 profit miss?
Just wanted to understand the views of the commentators here. Thanks!
Suprise move with such a huge diversity... High risk... Potentially high return or suffer more loss... Hard this co future more uncertain now.
shk363 ( Date: 08-Mar-2022 15:21) Posted:
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yes. good synergy
Sgvale ( Date: 08-Mar-2022 13:58) Posted:
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Eat crabs, teeth cracks. Refer to dentist. Synergy?
vicloo ( Date: 08-Mar-2022 11:12) Posted:
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personal investment. maybe he likes the food there.
vicloo ( Date: 08-Mar-2022 11:12) Posted:
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Oh man basically buying debt from No signboard to own 29% of it... Why Q&M goes into F&B business 🤔 🤔 🤔
Everyday ( Date: 08-Mar-2022 08:40) Posted:
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after makan 10 times can go dental clinic for 1 free scaling and polishing?
Sound like Aztech...
Joelton ( Date: 08-Mar-2022 09:19) Posted:
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Q& M Dental CEO to take 29% stake in No Signboard Holdings
THE chief executive officer of Q& M Dental, Dr Ng Chin Siau, has entered into a conditional sale and purchase agreement on Monday (Mar 7) to take a 29 per cent stake in restaurant operator No Signboard Holdings for a total consideration of S$1.
In a bourse filing on Monday, No Signboard said that as a condition to the completion of the proposed share transfer, there would be an agreement for Dr Ng to extend an interest-free unsecured loan of S$2.6 million to the company.
Suspended Catalist-listed No Signboard' s controlling shareholder - GuGong - currently holds around 54.9 per cent of the total issued shares in the company.
No Signboard' s chief executive Lim Yong Sim, and chief operating officer Lim Lay Hoon are the shareholders and directors of GuGong.
GuGong has entered into the conditional agreement to sell 134.1 million No Signboard shares - representing a 29 per cent stake - to Dr Ng, who does not currently hold any shares in No Signboard.
Following the proposed share transfer, GuGong' s stake in No Signboard would fall to 25.9 per cent.
No Signboard said it has been informed by GuGong that it agreed to enter into the proposed share transfer in order to secure the S$2.6 million loan to assist the group with its working capital needs.
The 2-year loan would rank pari passu with the unsecured debts of No Signboard, and it would be used to discharge the current liabilities of the group and meet working capital requirements.
" For the avoidance of doubt, the loan would not be sufficient to meet the working capital requirements of the company for the next 12 months," No Signboard said. " As such, the company and GuGong are currently in negotiations with other investors to secure additional financing in order to meet the working capital needs of the group."
The proposed share transfer is subject to approval being obtained from the Singapore Exchange as the shares of No Signboard are suspended.
Other conditions include that the shares of No Signboard remain listed, and provision of evidence to Dr Ng that the total net liabilities of the group - excluding costs and expenses incurred in connection with the restructuring of its liabilities - does not exceed S$4.5 million.
Q& M Dental CEO to take 29% stake in No Signboard Holdings
MON, MAR 07, 2022 - 9:59 PM
RAPHAEL LIM[email protected]@RaphaelLimBT
THE chief executive officer of Q& M Dental, Dr Ng Chin Siau, has entered into a conditional sale and purchase agreement on Monday (Mar 7) to take a 29 per cent stake in restaurant operator No Signboard Holdings for a total consideration of S$1.
In a bourse filing on Monday, No Signboard said that as a condition to the completion of the proposed share transfer, there would be an agreement for Dr Ng to extend an interest-free unsecured loan of S$2.6 million to the company.
Suspended Catalist-listed No Signboard' s controlling shareholder - GuGong - currently holds around 54.9 per cent of the total issued shares in the company.
No Signboard' s chief executive Lim Yong Sim, and chief operating officer Lim Lay Hoon are the shareholders and directors of GuGong.
GuGong has entered into the conditional agreement to sell 134.1 million No Signboard shares - representing a 29 per cent stake - to Dr Ng, who does not currently hold any shares in No Signboard.
Following the proposed share transfer, GuGong' s stake in No Signboard would fall to 25.9 p
THE chief executive officer of Q& M Dental, Dr Ng Chin Siau, has entered into a conditional sale and purchase agreement on Monday (Mar 7) to take a 29 per cent stake in restaurant operator No Signboard Holdings for a total consideration of S$1.
In a bourse filing on Monday, No Signboard said that as a condition to the completion of the proposed share transfer, there would be an agreement for Dr Ng to extend an interest-free unsecured loan of S$2.6 million to the company.
Suspended Catalist-listed No Signboard' s controlling shareholder - GuGong - currently holds around 54.9 per cent of the total issued shares in the company.
No Signboard' s chief executive Lim Yong Sim, and chief operating officer Lim Lay Hoon are the shareholders and directors of GuGong.
GuGong has entered into the conditional agreement to sell 134.1 million No Signboard shares - representing a 29 per cent stake - to Dr Ng, who does not currently hold any shares in No Signboard.
Following the proposed share transfer, GuGong' s stake in No Signboard would fall to 25.9 p