Kakao, 'Target Price Raised Reflecting KakaoBank/Pay Valuation' Stock Price 250,500 Won (-0.2%)

As of 9:30 AM on the 8th, Kakao is trading at 250,500 KRW, down 0.2% from the previous day. The trading volume is 223,053 shares, which is about 22.48% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On June 3rd, Lee Byung-geon, a researcher at DB Financial Investment, stated, "Due to the benefits to untact industries from the COVID-19 situation, growth in Talk Board 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, with high growth potential as a bank, can have a valuation differentiated from traditional banks. The bottom is formed by simple remittance/payment, 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 815,529 shares of Kakao, while foreigners and institutions have net sold 51,009 shares and 774,286 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.