Kakao, Stock Price Up 1.47% at This Hour.... 'Premium'

As of 9:30 AM on the 22nd, Kakao is trading at 241,000 KRW, up 1.47% from the previous day. The trading volume is 297,370 shares, which is 21.27% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On May 21, Hwang Seung-taek, a researcher at Hana Financial Investment, stated, "Unlike the first quarter, which maintained the previous quarter's level, KakaoTalk Biz-nay platform advertising revenue in the second quarter is expected to grow by double digits compared to the first quarter. Attention is focused on the visible growth of Kakao Pay and Mobility. 1) Performance improvement based on core services, 2) securing market competitiveness and profitability of new businesses, and 3) re-evaluation of consolidated value through subsidiary listings will be the core of fundamental improvements and stock price momentum for Kakao." He set Kakao's target price at 280,000 KRW.

Over the past five days, individual investors have net purchased 401,307 shares of Kakao, while foreigners and institutions have net sold 150,013 shares and 260,985 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.