Aoxin Q & M Dental Group (Aoxin), which begins trading next Wednesday (26 April) on SGX Catalist, is expected to ride on the surging demand for dental services in China.
Aoxin has 2 business segments -- dental services and distribution of dental equipment / supplies.
Maintaining leadership position in high growth market
The Q & M Dental Group has been identified by independent market research consultancy Technavio as one of the top 5 vendors in China’s dental services market, which is expected to grow at a CAGR of 18% from 2016 to 2020.
Dental care in China is still in its infancy. This is expected to change in the near future, as living standards are rising and awareness of dental health issues has increased. For every one million people in China, there are only 100 dentists compared with 500 to 1,000 dentists in the western countries. In Singapore, there are about 500 dentists for every one million of our population.
|Listing date||26 April 2017|
|9M2016 NAV 1
|1Based on post-placement capital of 372,161,638 shares.
2Based on pre-placement capital of 298,815,638 shares.
Aoxin Q & M Dental Group data from Offer Document
To address the bottleneck in the supply of dental professionals, Aoxin collaborated with the Jinzhou Medical University to provide training to dental professionals and to remain at the forefront of developments in the dental and oral health industry.
“In Singapore, our dentists are sent to Singapore National Dental Centre for post-graduate training. Aoxin has capabilities that parallel Singapore National Dental Centre in this aspect,” said Q & M Dental Group COO Raymond Ang.
“Jinzhou Medical University sends their undergraduate and postgraduate dental students to Aoxin’s hospitals for clinical training,” said Ms Melanie Ng, the Group Financial Controller of Q & M Dental Group.
Aoxin’s management intends to enhance its infrastructure by investing in equipment with the latest technologies. This includes cone beam computer tomography (CBCT), which allows cross-sectional images to be obtained, and the data used to construct a three-dimensional (3D) image of teeth and oral-facial skeletal structure.