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Modern Dental Group’s (3600.HK) first-quarter update last week got a smiling reception from investors, as it reported a 17.7% rise in case volume and 2.5% growth in product prices per case. The Hong Kong-based company sells “digital solutions” that allow the dentists, hospitals and dental labs that are its main customers to perform traditional cosmetic work using 3D, computer-assisted design and manufacturing (CAD/CAM) dental engineering.
The upbeat report sparked a nearly 14% rally for the stock in the days after it published its first-quarter update a week ago. The company didn’t provide any profit figures in the voluntary announcement, leaving investors to wait until August when it will release its official interim results.