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Q&M Dental Last:0.385 -

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Break out !!!

Q & M Dental Group ( Singapore ) Ltd (“Q & M Dental Group” or the “Group”) announced that its joint venture partner, Dan De dental group, has opened a new dental centre in Nanjing city (“Nanjing Dental Centre”), the capital of Jiangsu Province in the People’s Republic of China (“PRC”).

Q & M Dental opens new dental clinic in nex mall

WRITTEN BY THE EDGE

MONDAY, 06 DECEMBER 2010 17:28

good busineess model but price expensive unless expansion is massive,

price should not go up.

Only thing good is that it is not capital intensive and practically wont go bankruot in bad times.

But price shows me it is more a dividend play if expansion fails

From Bukit Batok to Beijing

Millet Enriquez

emelita@mediacorp.com.sg

SINGAPORE

“To attract dentists to join the practice is not an easy task,” said Dr Ng, the chief executive officer of Q & M Dental Group.

The Mainboard-listed firm currently has 120 dentists — which represents about 8 per cent of the registered dentists in Singapore. And to retain them, the company makes sure that their needs are met and that they are updated with the latest technology and industry knowledge, Dr Ng said.

“We can have all the hardware, the nurses and patients. But without a good set of dentists, a good pair of hands, it will not work,” he said.

Dr Ng, now 42, had to do all the leg work when he decided to invest $120,000 to open the first Q & M clinic in 1996. He sold his two-room HDB flat in Clementi to raise the money at a time when he was also just starting a family.

“That time, my eldest daughter was just born, but I had to make the decision to sell the flat,” he said.

With the help of three dental assistants, he treated patients from 9am to 9pm seven days a week. And the hard work paid off as he recouped his capital within the first year of operation.

Additional clinics were set up at Toa Payoh, Sims Place, Kallang and Sembawang in the following years as more well-known dental surgeons joined Dr Ng.

Today, Q & M has grown to 39 dental clinics, a dental centre and a mobile dental clinic in Singapore. Its services now include aesthetic dentistry, dental implants, orthodontics, oral surgery and general dental treatments. The company is set to open its 40th clinic in two months.

“I didn’t know that we were going to grow to this size. At that time, it was quite an interesting thing for me to set up more dental clinics in Singapore,” said Dr Ng.

Last year, Q & M went public on the Singapore Exchange, a move that Dr Ng said helped boost its profile and attracted more dentists to the company.

And to put into action its plans to expand in China, Q & M has partnered with two dental firms in Beijing and Nanjing, whose management teams also include practising dentists. Q & M plans to invest $37 million in the next three years to extend its brand in China. It intends to build 50 dental clinics there in five years.

The group is hoping to tap into the sizeable market in China, as higher living standards improve dental healthcare awareness. At the moment, less than 8 per cent of the population visit dentists yearly.

So far, it has invested $4.2 million for dental clinics in Beijing and Nanjing.

Q & M has also inked an agreement with a Chinese dental firm to invest another $5.4 million for a 49-per-cent stake in a dental laboratory business.— It has been 14 years since Dr Ng Chin Siau set up the first Q & M dental clinic in Bukit Batok. But he feels that the dental care industry faces the same challenge as in the past.

Q & M Dental Group CEO Dr Ng Chin Siau believes in updating his staff with the latest technology and industry knowledge.

S’pore Dental Group

I am waiting Q&M to drop further.
http://mystocksinvesting.com/singapore-stocks/qm-dental-group/qm-dental-group-wait-for-the-free-fall-to-stop/

What is happening to Q and M...........

Day 2 of being halted?

Good news needs 2 days or more before releasing?? Smiley

It is just a one day show

Although Q&M surged with increasing volume , the resistance at 53 cents still could not be cleared . It may come down to fill the gap at 51 cents .

Bintang ( Date: 07-Jul-2010 11:11) Posted:

Since the daily volume is decreasing while the price is advancing , Q&M is very likely ending the technical rebounce in the short term . The strong resistance at 53 cents could not be cleared in this rebounce .

baby88 ( Date: 07-Jul-2010 10:20) Posted:

Hi Bintang, thank you very much.

Because of the strong US market ,Q&M did not gap down or pull back rather . The correction may delay , or it may go up to form the top formation n come down .

susan66 ( Date: 08-Jul-2010 23:21) Posted:

Oh I see, thanks for the explanation, will take note but today never gap down.

Bintang ( Date: 08-Jul-2010 07:13) Posted:

Hi susan66 ,

I m sorry for the mistake , what I meant was as compare to the same price last traded in April on 12 ,13 n 14 , the past three day 's volume were much lower . Furthermore , RSI is already indicating the over-bought position . Any way , thanks for your comments .

Oh I see, thanks for the explanation, will take note but today never gap down.

Bintang ( Date: 08-Jul-2010 07:13) Posted:

Hi susan66 ,

I m sorry for the mistake , what I meant was as compare to the same price last traded in April on 12 ,13 n 14 , the past three day 's volume were much lower . Furthermore , RSI is already indicating the over-bought position . Any way , thanks for your comments .

susan66 ( Date: 07-Jul-2010 23:49) Posted:

Hi Bintang,

Can you enlighten me why you say daily volume is decreasing these few days? I see it as increasing especially these 3 days as compared to last Friday 2/7 at 251k : 5/7 - 1596k, 6/7 - 1313k, 7/7 - 1741k. I see the MACD is on the uptrend buying momentum getting stronger each day, going up steadily. The relative performance as compared to STI is so much stronger. Now the ADX is only 38, still room for improvement. So far can't see any downside risk yet. The next resistance I agree is at 53 cents but if break, maybe can reach 58 cents

Hi susan66 ,

I m sorry for the mistake , what I meant was as compare to the same price last traded in April on 12 ,13 n 14 , the past three day 's volume were much lower . Furthermore , RSI is already indicating the over-bought position . Any way , thanks for your comments .

susan66 ( Date: 07-Jul-2010 23:49) Posted:

Hi Bintang,

Can you enlighten me why you say daily volume is decreasing these few days? I see it as increasing especially these 3 days as compared to last Friday 2/7 at 251k : 5/7 - 1596k, 6/7 - 1313k, 7/7 - 1741k. I see the MACD is on the uptrend buying momentum getting stronger each day, going up steadily. The relative performance as compared to STI is so much stronger. Now the ADX is only 38, still room for improvement. So far can't see any downside risk yet. The next resistance I agree is at 53 cents but if break, maybe can reach 58 cents

Bintang ( Date: 07-Jul-2010 21:32) Posted:

Even with the healthy volume traded today , the price of Q&M had not advance . If it would gap down tomorrow , then the island reversal pattern would form

Hi Bintang,

Can you enlighten me why you say daily volume is decreasing these few days? I see it as increasing especially these 3 days as compared to last Friday 2/7 at 251k : 5/7 - 1596k, 6/7 - 1313k, 7/7 - 1741k. I see the MACD is on the uptrend buying momentum getting stronger each day, going up steadily. The relative performance as compared to STI is so much stronger. Now the ADX is only 38, still room for improvement. So far can't see any downside risk yet. The next resistance I agree is at 53 cents but if break, maybe can reach 58 cents

Bintang ( Date: 07-Jul-2010 21:32) Posted:

Even with the healthy volume traded today , the price of Q&M had not advance . If it would gap down tomorrow , then the island reversal pattern would form .

Bintang ( Date: 07-Jul-2010 11:11) Posted:

Since the daily volume is decreasing while the price is advancing , Q&M is very likely ending the technical rebounce in the short term . The strong resistance at 53 cents could not be cleared in this rebounce

Even with the healthy volume traded today , the price of Q&M had not advance . If it would gap down tomorrow , then the island reversal pattern would form .

Bintang ( Date: 07-Jul-2010 11:11) Posted:

Since the daily volume is decreasing while the price is advancing , Q&M is very likely ending the technical rebounce in the short term . The strong resistance at 53 cents could not be cleared in this rebounce .

baby88 ( Date: 07-Jul-2010 10:20) Posted:

Hi Bintang, thank you very much.

Since the daily volume is decreasing while the price is advancing , Q&M is very likely ending the technical rebounce in the short term . The strong resistance at 53 cents could not be cleared in this rebounce .

baby88 ( Date: 07-Jul-2010 10:20) Posted:

Hi Bintang, thank you very much.

Bintang ( Date: 06-Jul-2010 11:12) Posted:

Sorry , a very late reply . Q&M went down to 36.5 cents n turned around with thin volume . It went up for six continuous weeks also with thin volume . There is a very strong resistance at 53 cents . Now maybe is the time to take profit on this counter

Hi Bintang, thank you very much.

Bintang ( Date: 06-Jul-2010 11:12) Posted:

Sorry , a very late reply . Q&M went down to 36.5 cents n turned around with thin volume . It went up for six continuous weeks also with thin volume . There is a very strong resistance at 53 cents . Now maybe is the time to take profit on this counter .

baby88 ( Date: 13-May-2010 07:55) Posted:

Hi Bintang, could you pls update us with the TA of this counter. Still down trend ? Where are the support and resistance? Million thanks

Sorry , a very late reply . Q&M went down to 36.5 cents n turned around with thin volume . It went up for six continuous weeks also with thin volume . There is a very strong resistance at 53 cents . Now maybe is the time to take profit on this counter .

baby88 ( Date: 13-May-2010 07:55) Posted:

Hi Bintang, could you pls update us with the TA of this counter. Still down trend ? Where are the support and resistance? Million thanks

Bintang ( Date: 07-May-2010 09:52) Posted:

Q&M did not rebound to fill the gap at 44 cents for its trend is very weak now . Avoid this counter in the near term if it breaks the support at 40 cents . Q&M has already broke the big right -angled triangle at 47.5 cents to go down rapidly , technically it should go down to 32.5 cents

Hi Bintang, could you pls update us with the TA of this counter. Still down trend ? Where are the support and resistance? Million thanks

Bintang ( Date: 07-May-2010 09:52) Posted:

Q&M did not rebound to fill the gap at 44 cents for its trend is very weak now . Avoid this counter in the near term if it breaks the support at 40 cents . Q&M has already broke the big right -angled triangle at 47.5 cents to go down rapidly , technically it should go down to 32.5 cents

Bintang ( Date: 06-May-2010 19:37) Posted:

Q&M has come down since it completed its technical rebounce to 58 cents in March2010 , n breaking the strong support at 47.5 cents to go further down to 41.5 cents . It has also filled the gap created in Dec2009 . It at most would only rebound to fill the gap at 44 cents if there is a broad market technical rebounce in the next few days . And it would resume its down trend once this rebounce has completed , because its RSI is already at over-sold position

with its expensive charges and strong competition from neighbourhood dental and other chains such as Singhealth and others.........

Doubt it would be able to sustain its profits for long..........................

A friend visited it...and come back complaining.............chrage him almost 200+..for simple service.....like hole filling..and cleaning...

being a public list company doesn't meant to make money at all cost.....must look out for competitor, they can kill u...easily...:)

Q&M did not rebound to fill the gap at 44 cents for its trend is very weak now . Avoid this counter in the near term if it breaks the support at 40 cents . Q&M has already broke the big right -angled triangle at 47.5 cents to go down rapidly , technically it should go down to 32.5 cents

Bintang ( Date: 06-May-2010 19:37) Posted:

Q&M has come down since it completed its technical rebounce to 58 cents in March2010 , n breaking the strong support at 47.5 cents to go further down to 41.5 cents . It has also filled the gap created in Dec2009 . It at most would only rebound to fill the gap at 44 cents if there is a broad market technical rebounce in the next few days . And it would resume its down trend once this rebounce has completed , because its RSI is already at over-sold position .

Bintang ( Date: 31-Mar-2010 18:45) Posted:

It is not the time to buy this counter for all the indicators are showing weakness ahead . The short term support is at 47.5 cents , breaking which may reach a downside target of 44 cents , n going down further is quite possible

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