Q&M Dental Group May Benefit From Proposed Secondary Listing on Bursa Malaysia -- Market Talk

Dow Jones
Jun 12, 2025

0557 GMT - Q&M Dental Group (Singapore) may benefit from its proposed secondary listing on Bursa Malaysia, CGS International's Tay Wee Kuang says in a research report. The potential listing could expand the dental healthcare group's footprint in Johor, Malaysia, enabling it to capitalize on the development of the Johor-Singapore Special Economic Zone, the analyst says. Meanwhile, contributions from its artificial-intelligence business 'EM2AI' and from an increase in its stake in associate Aoxin Q&M will drive 2H earnings growth on a half-yearly basis, the analyst adds. The brokerage raises the stock's target price to S$0.49 from S$0.43 to reflect higher 2026 price-to-earnings estimate, while keeping the add rating. Shares are unchanged at S$0.40. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 12, 2025 01:57 ET (05:57 GMT)

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