[Market Focus] Dentium Drops 9% on Uncertainty in China Exports and Weak Domestic Sales

Dentium's stock price dropped by more than 9% due to deteriorating business performance amid policy uncertainty in China.

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On March 4, Dentium closed at 44,100 won, down 9.45% (4,600 won) from the previous trading day.

On this day, Samsung Securities maintained its buy rating on Dentium but lowered its target price to 70,000 won.

Donghee Jung, a researcher at Samsung Securities, commented, "Prices have already begun to decline before the anticipated implementation of VBP 2.0 in the second quarter of this year, so we expect annual operating profit for this year to be revised down by 15.5%. Although the specific timeline for VBP 2.0 has not been confirmed, if it is implemented in the second quarter as assumed, we expect a performance trend of lower results in the first half and higher results in the second half."

Researcher Jung added, "Weakness continues both in domestic sales and exports, and it is disappointing that Dentium posted a net loss due to a non-operating loss (22 billion won) caused by an asset impairment assessment at its Shanghai manufacturing subsidiary, which has been operating since 2024."

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