Kakao, 383,057 Shares Net Sold by Individuals in Last 5 Days... Stock Price 374,500 KRW (-1.19%)
Kakao is trading at 374,500 KRW as of 12:30 PM on the 12th, down 1.19% from the previous day. The trading volume is 247,512 shares, about 39.9% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On October 12, Lee Moon-jong, a researcher at Shinhan Financial Investment, stated, "Confirmed high growth of subsidiaries such as commerce, pay, and paid content (Analyst Day). We raised the corporate value of high-growth subsidiaries like Kakao Pay and Piccoma. Most subsidiaries, including Pay, are experiencing high growth, driving overall profit growth. An IPO is also being prepared. As the IPO date approaches, more concrete growth data will be disclosed, potentially increasing the corporate value of these subsidiaries compared to the current point." He set Kakao's target price at 450,000 KRW.
Over the past five days, individual investors have net sold 383,057 shares of Kakao, while foreigners and institutions have net bought 294,451 shares and 96,008 shares, respectively.
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※ 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.
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