0506 GMT - Q&M Dental Group (Singapore) may benefit from its more aggressive clinic expansion plan, CGS International's Tay Wee Kuang says in a research report. At its 2024 results' announcement, the dental healthcare group highlighted expansion plans in Singapore and across Southeast Asia and China, the analyst notes. Its clinics in Malaysia could witness a mix of organic and inorganic expansion after it flagged possible opportunities in Johor state following recent commitments by Malaysia and Singapore to develop the Johor-Singapore Special Economic Zone. The brokerage lifts its 2025-2026 EPS forecasts for the company by 3.9%-7.2%. It raises the target price on the stock to S$0.43 from S$0.37, with an unchanged add rating. Shares are 4.2% higher at S$0.30. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 01:06 ET (05:06 GMT)
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