Kakao, Stock Price Down 1.07% at This Hour... Foreigners Net Buy 384,075 Shares in Last 5 Days

As of 10:30 AM on the 24th, Kakao is trading at 278,500 KRW, down 1.07% from the previous day. The trading volume is 557,198 shares, which is about 25.83% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On June 19, Sung Jong-hwa, a researcher at Ebest Investment & Securities, stated, "① Talk Biz Board has multiple momentum points such as daily sales far exceeding 500 million KRW, increased advertising rates, and an upward trend in Add Road Ratio. ② Mobility and Pay sectors may report steep profit improvement trends or a turnaround to operating profit. ③ Games recently filed for preliminary review for KOSDAQ listing, restarting the IPO process. ④ Page may announce IPO news. ⑤ Bank is strengthening mid-interest loans and launching more advanced and differentiated services utilizing Kakao ecosystem content." He set Kakao's target price at 350,000 KRW.

Over the past five days, individual investors have net sold 300,447 shares of Kakao, while foreigners and institutions have net bought 384,075 shares and net sold 105,542 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.