Kakao, Stock Price +1.23% at This Hour... Foreigners Net Sell 158,871 Shares in Last 5 Days

Kakao is trading at 369,000 KRW as of 1:30 PM on the 5th, up 1.23% from the previous day. The trading volume is 369,757 shares, which is 63.46% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On September 25, So-hye Kim, a researcher at Hanwha Investment & Securities, stated, "Recently, Kakao unveiled the enterprise messenger ‘Kakao Work’ and the enterprise cloud service ‘Kakao i Cloud.’ With the advantage of being easily accessible through the existing KakaoTalk interface, it is expected to have significant ripple effects. The recent decision to build its own data center is also seen as a move to accelerate B2B business and enhance the quality of existing services. Sales growth rate in the second half of the year is expected to be in the 30% range, the highest among domestic and international peers. Profitability is also expected to recover due to the recovery phase of new business investments." She set Kakao’s target price at 430,000 KRW.

Over the past five days, individual investors have net purchased 118,985 shares of Kakao, while foreigners and institutions have net sold 158,871 shares and net purchased 53,140 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated 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.