Qualitas Medical Group

[mikh]

It is a M'sian based company listed on Catalist. Main footprint in M'sia with more than 100 primary care clinics there. It first expanded into Singapore in end of 2009 with 1 dental clinic. For FY2009, its dentistry business accounted for slightly more than 10% of total revenue. In end 2010 it acquired another 5 dental clinics in Singapore. (It also has some emerging Indian and Aus business). As pointed out, it seems to have decent profits and appears that it must have found Singapore and the dental business attractive enough to acquire some more. Interesting that a GP chain is going into Dentistry in a foreign country. Good to watch for its end year report.

FY2010 results announced on 25/02:

Rev up 39.6%, Income up 51.1% mainly due to Sg contributions. EPS RM5.98cts, Dividend SGD1.1cts same as last year.
Share price jumped from 19cts (09/02) to 25cts (15/02) to 28cts (25/02). Results well “anticipated”

[Nick]

I did wish that I had acted on my words made last year in the Q&M thread. Clearly Qualitas valuation is rapidly catching up with its other listed peers (ie Q&M).

[mikh]

Q&M does not appear to have performed as well, perhaps not yet.
Am sure there are still opportunities out there . Qualitas appears thinly traded though. I am still not confident about its model.

[Nick]

Trading halted.

[Nick]

Qualitas is seeking to delist and offering 35 cents per share cash (or scrip) offer. Missed out on this 2-bagger

http://info.sgx.com/webcoranncatth.nsf/V...3005C7B13/$file/VoluntaryConditionalOffer.PDF?openelement

[SLC81]

Qualitas is seeking to delist and offering 35 cents per share cash (or scrip) offer. Missed out on this 2-bagger

http://info.sgx.com/webcoranncatth.nsf/V...3005C7B13/$file/VoluntaryConditionalOffer.PDF?openelement

I thought you had some of these before the announcement :-)

[Nick]

Qualitas is seeking to delist and offering 35 cents per share cash (or scrip) offer. Missed out on this 2-bagger

http://info.sgx.com/webcoranncatth.nsf/V...3005C7B13/$file/VoluntaryConditionalOffer.PDF?openelement

I thought you had some of these before the announcement :-)

Haha...I am afraid not even though I harped about it in the Q&M thread. It was on my watch-list though. Looks like the number of healthcare companies listed here is steadily shrinking.

Now we are just left with - Raffles MG, Healthway, SG Medical, Q&M, Pacific Healthcare, HMI, China Healthcare.

[cyclone]

Qualitas Medical eyes return to SGX with planned Mainboard listing

By: Stanislaus Jude Chan
03/04/18, 03:13 pm

SINGAPORE (Apr 3): Malaysia-based primary healthcare provider Qualitas Medical is eyeing a return to the Singapore Exchange (SGX).

This time, the group is planning an initial public offering (IPO) on SGX’s Mainboard, according to a preliminary prospectus lodged with the Monetary Authority of Singapore (MAS) on Mar 29.

Qualitas had been listed on Singapore’s Catalist board in 2008, but was taken private in a US$36 million ($47 million) deal in 2011.

More details in https://www.theedgesingapore.com/qualita...rd-listing