There’s two things I must like about Singapore dividend stocks (including Singapore’s big landlords)
First, it must be a thriving yet ‘boring’ business.
Second, and more crucially, there must be growing revenues and profits.
Today, I’m going to see whether this Singapore dividend stock fits the bill.
Now, dental services isn’t an exciting business.
But it’s an incredibly important one.
No matter what’s going on in the economy, you need to get your teeth checked and cleaned.
Sometimes, even performing oral surgery.
In 1996, Dr. Ng Chin Siau sold his three-room Clementi flat for S$180,000. And bought over a small private clinic in Bukit Batok.
That was how Q&M Dental Group (SGX:QC7) started.
Q&M stands for ‘quan-min’ which, in Chinese, means “the people”.
Dr. Ng has quietly built one of the biggest private dental healthcare chains in Singapore.
Today, this home-grown Singapore company has 119 dental clinics, including 34 in Malaysia and 1 in China.
Its clinics bring in more than 1,300 visits per day in Singapore.
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