Kakao, Stock Price +0.19% at This Hour... Institutional Investors Net Buy 898,129 Shares in Last 5 Days

As of 10:31 AM on the 17th, Kakao is trading at 263,500 KRW, up 0.19% from the previous day. The trading volume is 503,707 shares, which is 56.69% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On June 16, Jeong Ho-yoon, a researcher at Korea Investment & Securities, stated, "KakaoPay's service expansion is rapidly continuing. Over 1.25 million CMA accounts have been opened with Kakao Securities, and fund investment accounts have also surpassed 200,000. From this year, it is expected to actively enter areas such as sales and brokerage of financial products. KakaoPage is also steadily growing by releasing new hits like 'Tempbal' and 'Seungriho.' Performance improvements due to the growth of TalkBoard advertising and core new businesses such as webtoons and fintech are still experiencing high growth." He set Kakao's target price at 300,000 KRW.

Over the past five days, individual investors have net sold 858,171 shares of Kakao, while foreigners and institutions have net sold 82,341 shares and net bought 898,129 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.