Q&M

Q&M: Voyage has a Potential Gem rating with $0.565 TP. On future growth prospects, the company announced the master agreement for the acquisition of Aidite and the acquisition of a 70% stake in a dental clinic in Melaka over the last one month. Further, Q&M also obtained a conditional option to purchase a premise along Jurong Gateway Road – Voyage see the opportunity of Q&M building a dental centre in the west. House also see these news flow as Q&M’s continued effort to grow its businesses in Singapore, Malaysia and in China. That said, Voyage are retaining the potential contribution from the China entities into our valuation.