[Market Feature] "Export Expansion Expected" Graphy Surges Over 11%

The stock price of Graphy, which is expected to expand exports of shape memory orthodontic devices this year, is showing strong performance.

As of 11:07 a.m. on January 2, Graphy was trading at 27,400 won, up 2,850 won (11.61%) from the previous trading day.

Graphy, which was listed on KOSDAQ in August last year, generates product sales from materials (shape memory materials), equipment (nitrogen curing machines, residual resin, removal devices), and SMA (shape memory transparent orthodontic devices). Merchandise sales are composed of 3D printers, oral scanners, and more.

On this day, Sangsangin Securities maintained its "Buy" investment opinion on Graphy, stating, "From this year, exports through European original design manufacturing (ODM) will increase, and the company plans to begin full-scale sales in the U.S. market in the second half of the year." The target price was raised from 32,000 won to 36,000 won.

Ha Taegi, a researcher at Sangsangin Securities, explained, "Graphy's partner, Medentis Medical in Germany, launched the product through ODM in April last year. Exports of the enhanced TA28 material are expected to increase significantly, especially centered on Germany."

He also added, "A local subsidiary was established in Delaware in September last year, and a made-to-order production plant is being built in Florida. Although FDA approval has already been obtained, the plan is to obtain separate certifications by state through the first half of the year and expand exports to the U.S. from the second half."

Researcher Ha stated, "The competitive advantage of the shape memory transparent orthodontic device lies in its ability to enhance aesthetics and convenience while accurately correcting teeth in the desired direction. Based on this competitiveness, the key will be whether exports can be expanded to the U.S., China, Japan, and South American markets," adding, "This year will be important for verifying that potential through export figures and contracts."