Kakao, Stock Price -1.97% at This Time... 'Target Price Raised Due to Reflection of KakaoBank/Pay Value'

As of 10:31 AM on the 5th, Kakao is trading at 249,000 KRW, down 1.97% from the previous day. The trading volume is 346,192 shares, which is about 28.49% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On June 3rd, researcher Lee Byung-geon of DB Financial Investment stated, "Due to benefits to untact industries from the COVID-19 situation, growth in TalkBoard sales, expansion of commerce, and expectations for subsidiary IPOs, Kakao's stock price has risen approximately 73% YTD, and the PER based on this year's expected earnings consensus has increased to about 70 times. Kakao Bank, as a highly growth-oriented bank, can have a differentiated valuation from traditional banks. The bottom is formed by simple remittance/payment services, and business expansion is expected to increase corporate value." He set Kakao's target price at 300,000 KRW.

Over the past five days, individual investors have net purchased 907,558 shares of Kakao, while foreigners and institutions have net sold 90,943 shares and 819,734 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

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

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