Kakao, 727,323 Shares Net Bought by Individuals in Last 5 Days... Stock Price 348,500 KRW (-1.97%)

As of 10:30 AM on the 13th, Kakao is trading at 348,500 KRW, down 1.97% from the previous day. The trading volume is 737,068 shares, which is about 28.97% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On July 8th, Donghee Kim, a researcher at Meritz Securities, stated, "2Q20 earnings are expected to be another earnings surprise. Talkboard revenue recovered to about 500 million KRW per day in April and continued to grow in May and June. Commerce transaction volume is expanding not only through Gift but also through Talk Deal and Talk Store, marking the full-scale launch of e-commerce. Kakao Pay is investing in financial sectors such as securities and insurance through capital expansion. Although the listing of Kakao Games was not initially highly anticipated, it could act as a positive factor." He set Kakao's target price at 340,000 KRW.

Over the past five days, individual investors have net purchased 727,323 shares of Kakao, while foreign investors and institutions have net sold 109,289 shares and 589,550 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

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

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