Kakao, Foreign Investors Net Buy 328,770 Shares in Last 5 Days... Stock Price 371,000 KRW (-0.27%)

Kakao is trading at 371,000 KRW as of 1:30 PM on the 14th, down 0.27% from the previous day. The trading volume is 197,272 shares, which is 65.83% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On October 14, Sung Jonghwa, a researcher at Ebest Investment & Securities, stated, "The operating profit suppression due to aggressive marketing from an investment perspective is not fundamentally a factor that deteriorates value in the mid-to-long term. However, in the short term, it acts as a factor for the stock price to take a breather. The key short-term points to watch are the exact launch schedule and the first quarter's average daily sales level of the PC MMORPG 'Elion,' scheduled to launch in the Korean market in 4Q20. This is a core variable for Kakao Games' stock price momentum in the short term and is also important for Kakao's stock price." He set Kakao's target price at 460,000 KRW.

Over the past five days, individual investors have net sold 326,722 shares of Kakao, while foreigners and institutions have net bought 328,770 shares and net sold 22,029 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.