Kakao, Institutional Investors Net Sell 266,411 Shares in Last 5 Days... Stock Price 359,000 Won (-0.83%)

Kakao is trading at 359,000 KRW as of 10:30 AM on the 16th, down 0.83% from the previous day. The trading volume is 134,672 shares, which is about 32.23% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On October 13, Park Ji-won, a researcher at Kyobo Securities, slightly revised the annual outlook based on figures released at the Kakao Analyst Day. The 2020 performance is projected to be sales of 4.1833 trillion KRW (YoY +36.3%) and operating profit of 472.5 billion KRW (YoY +128.5%). Most of the revisions stem from changes in estimates for commerce transaction volume and paid content transaction volume. With the KakaoTalk app making a full-scale profit contribution, the operating profit margin is rising, and subsidiaries such as Pay, Content, and Mobility are rapidly growing their sales, making it attractive. He announced a target price of 420,000 KRW for Kakao.

Over the past five days, individual investors have net purchased 95,424 shares of Kakao, while foreigners and institutions have net purchased 160,357 shares and net sold 266,411 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.