CIMB is downgrading Q&M Dental Group to “reduce” from “add” and cutting the target price to 64 cents from 84 cents, citing high valuations.
The dental-care provider posted a 43% drop in fourth-quarter core net profit which was “very disappointing,” says CIMB, adding that the valuation looks rich compared with the sector average.
Q&M Dental closed at 70 cents on Wednesday.
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The dental-care provider posted a 43% drop in fourth-quarter core net profit which was “very disappointing,” says CIMB, adding that the valuation looks rich compared with the sector average.
Q&M Dental closed at 70 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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