External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Dentium posted revenue of W78.2bn (-17% YoY) and operating profit of W12.5bn (-49% YoY; OP margin of 15.9%), with both figures falling significantly short of the consensus.</li><li>We estimate adjusted EBITDA came in at W19.7bn (-32% YoY; adjusted EBITDA margin of 25.2%).</li><li>By product, revenue was W67.1bn (-22% YoY) for dental implants, W2.3bn (+78% YoY) for digital dentistry, and W8.9bn (+16% YoY) for other products. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, Dentium posted revenue of W78.2bn (-17% YoY) and operating profit of W12.5bn (-49% YoY; OP margin of 15.9%), with both figures falling significantly short of the consensus.We estimate adjusted EBITDA came in at W19.7bn (-32% YoY; adjusted EBITDA margin of 25.2%).By product, revenue was W67.1bn (-22% YoY) for dental implants, W2.3bn (+78% YoY) for digital dentistry, and W8.9bn (+16% YoY) for other products. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dentium (145720 KS/Hold)Familiar Challenges Resurface