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Comprehensive Analysis of Key Companies by Maybank Research

Comprehensive Analysis of Key Companies by Maybank Research

Broker Name: Maybank Research Pte Ltd

Date: 21 January 2025

Q&M Dental – A Strategic Leap into AI Solutions

Q&M Dental has made a significant strategic move through its 49% associated company, EM2AI, which has entered into a Memorandum of Understanding (MOU) with a prominent dental solutions provider. This partnership aims to roll out EM2AI’s cutting-edge AI-driven dental solutions across 1,000 dental clinics in the region.

EM2AI is already a key player in the dental AI space, with solutions deployed in Singapore and Malaysia. The company has also secured medical device licenses in four ASEAN markets: Thailand, Vietnam, Indonesia, and the Philippines. The AI solutions offered by EM2AI include:

  • An AI-powered patient-centric cloud solution.
  • An AI x-ray dental condition detection system.
  • An automated dental charting system.

The MOU, effective for six months, paves the way for a definitive agreement. This development showcases EM2AI’s growth trajectory and the increasing adoption of AI in dental care, positioning Q&M Dental as a forward-thinking leader in the healthcare industry.

DISA Limited – Innovating Ophthalmology with AVAT Deployment

DISA Limited has achieved a major milestone with the first commercial deployment of its Automated Visual Acuity Test (AVAT) devices. The company has received a letter of award from a major public hospital in Singapore, marking the beginning of a one-year clinical deployment from 3 February 2025 to 2 February 2026.

AVAT offers a game-changing solution for ophthalmology clinics, enabling accurate visual acuity (VA) testing that can be conducted by patients themselves without supervision. The device’s compact, tabletop footprint makes it highly practical for clinical settings.

The deployment contract includes a hybrid pricing model comprising:

  • A fixed monthly rental fee for the AVAT devices.
  • A per-test fee based on usage.

This pricing structure ensures a stable revenue stream while offering scalability. This contract solidifies DISA Limited’s innovative approach to healthcare technology, with the potential to revolutionize ophthalmology testing in Singapore.

City Developments (CDL) – Consolidating Strength in New Zealand

City Developments Limited (CDL), through its wholly-owned subsidiary CDL Hotels Holdings New Zealand (CDLHH NZ), has launched an offer to acquire all outstanding shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand (MCK) at NZD 2.25 per share. CDLHH NZ already owns 80.02 million shares in MCK, representing a 75.86% stake.

The acquisition aims to delist and privatize MCK, simplifying the ownership structure of CDL’s New Zealand operations. MCK’s portfolio includes:

  • 18 hotels in New Zealand.
  • A majority stake in CDL Investments New Zealand.
  • Property interests in Australia via Kingsgate Group subsidiaries.

Should CDLHH NZ achieve the threshold to invoke compulsory acquisition provisions under New Zealand’s takeovers code, it will secure full ownership of MCK. This move aligns with CDL’s strategic goals, enhancing its operational efficiency in the region.

Sembcorp Industries – Pioneering Renewable Energy in Indonesia

Sembcorp Industries (SCI) has taken a bold step in renewable energy with the launch of the Nusantara Sembcorp Solar Energi (NSSE) Power Plant in partnership with PT PLN Nusantara Renewables, a 99%-owned subsidiary of PT PLN Nusantara Power. This marks Sembcorp’s first utility-scale solar and energy storage project in Indonesia.

Located on 87 hectares of land in Nusantara, the NSSE Power Plant features:

  • A 50-megawatt (MW) solar farm.
  • A 14.2-megawatt-hour (MWh) battery energy storage system.

This project underscores Sembcorp’s commitment to sustainable energy and its expansion into the Indonesian renewable energy market. It is a significant step forward in addressing the region’s growing energy demands while supporting its transition to cleaner energy sources.

Conclusion

Maybank Research’s latest market analysis highlights the strategic initiatives undertaken by Q&M Dental, DISA Limited, City Developments, and Sembcorp Industries. Each company is making bold moves to secure its position in its respective industry, from leveraging AI in healthcare to expanding renewable energy capabilities.

Investors should keep a close eye on these developments, as they reflect broader market trends and offer potential opportunities for growth and innovation. As these companies continue to execute their strategies, they are poised to shape their industries and deliver value to stakeholders.


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