[Featured Stock] Dentium Falls Over 5% Amid Q3 Earnings Slump

Dentium is weak due to poor performance in the third quarter of this year.

As of 9:15 a.m. on the 8th, Dentium is trading at 65,700 won, down 3,500 won (5.06%) from the previous day.

On the previous day, Dentium announced that its consolidated operating profit for the third quarter of this year was tentatively estimated at 23.6 billion won, a 21.4% decrease compared to the same period last year. During the same period, sales increased by 0.9% to 94.6 billion won, but net profit fell by 38.7% to 14.8 billion won.

Researcher Han Song-hyeop from Daishin Securities explained, "Dentium's third-quarter performance fell short of consensus (average securities firm forecast) by 11% in sales and 30% in operating profit," adding, "Sales sluggishness continued due to the slowdown in the Chinese market and intensified competition." Daishin Securities lowered Dentium's target stock price by 25%, from 160,000 won to 120,000 won.

It is analyzed that recovery in Chinese performance is necessary for stock price recovery. Researcher Han said, "Dentium's stock price has fallen sharply this year, and the sluggish stock price is due to the slowdown in growth in its main market, China, caused by economic slowdown and intensified competition, as well as market disappointment in the new hydrogen fuel cell business," adding, "For stock price recovery, securing visibility in the Chinese market and improving the performance of the dental business are essential."