Added to YB: 2026-05-19
Pitch date: 2026-05-16
3600.HK [neutral]
Modern Dental Group Limited
-1.21%
current return
Author Info
Company Info
Modern Dental Group Limited, an investment holding company, engages in production, distribution, and trading of dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally.
Market Cap
HKD 5.4B
Pitch Price
HKD 5.79
Price Target
N/A
Dividend
4.44%
EV/EBITDA
5.86
P/E
9.09
EV/Sales
1.41
Sector
Health Care Equipment and Supplies
Category
value
Musings for the weekend - Codex and the anti-bubble (a large cap and some medtech) - Modern Dental Group Limited
3600.HK (quick overview): Dental prosthetics mfr at 10x P/E, net cash, 4% yield. 50% EU rev, 19% NA, 16% China. Organic growth GDP+3-4%, bolt-on M&As w/ synergies. FY25: +11% rev (+5% organic), margin expansion via digitalization. Hexa Ceram acq ~10x P/E. Trades 6.2x EBITDA vs peers' premium despite 2nd best op margins. Hillhouse bought 17% at HK$5.8, validating biz quality & governance.
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