Stocks to watch: Q&M Dental, Del Monte Pacific, RH Petrogas
On March 12, Q&M Dental announced a proposal to acquire a 100% stake in an Australian dental group for A$144.5 million, with A$30 million earmarked for capital injection. Shares rose 3.8% to S$0.545. Del Monte Pacific reported a net profit of US$10 million for the quarter ending January 31, significantly up from US$2.5 million year-on-year, with shares increasing 3.3% to S$0.095.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Mar 12):
Q&M Dental : The company announced on Wednesday that it is proposing to buy a 100 per cent stake of a dental group in Australia for A$144.5 million (S$132.1 million). Q&M said A$30 million, or about 21 per cent of the sale price, will be injected into the Australian company as capital. It intends to grow the Australian company’s specialist divisions, where the target currently has a clinical team of about 120 dentists – most of whom are general practitioners. Shares of Q&M Dental closed 3.8 per cent or S$0.02 higher at S$0.545 on Wednesday, before the news.
Del Monte Pacific : The F&B group posted on Wednesday a net profit of US$10 million for the three months ended Jan 31, over three times that of the US$2.5 million in the same year-ago period. This came on the back of stronger operating performance and improved profitability across the business. Earnings per share for FY2026 stood at US$0.0051, up from US$0.0013 in the previous financial year. The counter ended Wednesday at S$0.095, up 3.3 per cent or S$0.003, before the news.
