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Aoxin Q&M Dental
#1
Dental service provider in North East China. Trading at lower multiples than its parent although China is a growing market!  Big Grin Big Grin
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#2
(11-11-2017, 08:12 PM)Jun77 Wrote: Dental service provider in North East China. Trading at lower multiples than its parent although China is a growing market!  Big Grin Big Grin

Trading lower than the parents? I thought the P/E is much higher..  Huh
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#3
(11-12-2017, 10:34 AM)Red88 Wrote:
(11-11-2017, 08:12 PM)Jun77 Wrote: Dental service provider in North East China. Trading at lower multiples than its parent although China is a growing market!  Big Grin Big Grin

Trading lower than the parents? I thought the P/E is much higher..  Huh

The IPO expense and disposal of discontinued operation clouded the number..

Read the financials and do your own adjustment..  Angel Angel
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#4
Q&M SG results is out today.. growth is not that promising contrary to previous year numbers..

Seems that it was driven by this China subsidiary? Let's wait for the upcoming result.

http://infopub.sgx.com/FileOpen/QnM_3Q17...eID=478032
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#5
Likely they don't post result for this quarter. Catalist listed can post semi-annual only for the first 1 year of listing as long it is under 75 million market cap.

Next result should be supported by the completed acquisition

http://infopub.sgx.com/FileOpen/Update%2...eID=475857
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#6
Latest 2 acquisitions require sellers to subscribe to company share at S$0.236 per share

current share price at S$0.210  Wink

http://infopub.sgx.com/FileOpen/SGX%20An...eID=470987
http://infopub.sgx.com/FileOpen/SGX%20An...eID=470988
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#7
(11-21-2017, 10:42 AM)Cole Wrote: Latest 2 acquisitions require sellers to subscribe to company share at S$0.236 per share

current share price at S$0.210  Wink

http://infopub.sgx.com/FileOpen/SGX%20An...eID=470987
http://infopub.sgx.com/FileOpen/SGX%20An...eID=470988

got profit guarantee some more.. sellers really believe in the prospect of the company?
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#8
good report covering the overview of the company:

http://www.saccapital.com.sg/file/2017/1...Report.pdf
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#9
Any update on the acquisition progress?  Huh This counter seems to be quiet
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#10
Finally an update on the acquisition:

-seems that the sellers (both assets to be acquired by Aoxin Q&M) have agreed to the subscription agreement at price of S$0.236 /share (~20.4% premium vs. current trading price)
-proposed subscription is still subject to certain condition

http://infopub.sgx.com/FileOpen/Announce...eID=486794

if this close, then the seller should have seen value in the company

-vested-
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