[Special Stock] Dentium Surges 13% on Three Consecutive Quarters of Earnings Surprise

[Asia Economy Reporter Minji Lee] Dentium has been showing an upward trend for three consecutive quarters, rising more than 13%.

As of 10:09 AM on the 9th, Dentium is trading at 97,100 KRW, up 13.17% from the previous trading day. The stock price rose to as high as 98,200 KRW during the session.

The second-quarter earnings exceeding market expectations drove the stock price up. Dentium's second-quarter sales increased by 33% year-on-year to 96.7 billion KRW, and operating profit rose 109% during the same period to 35.2 billion KRW. The operating profit surpassed market forecasts by about 50%.

Chunghyun Kim, a researcher at Mirae Asset Securities, said, "Despite concerns about lockdowns, sales in China, the main export market, remained solid, while exports to Europe and Asia increased significantly, leading to sales growth," adding, "No significant cost increase factors have been identified for the second half, and strong exports are expected to continue."