Kakao, 323,016 Shares Net Bought by Individuals in Last 5 Days... Stock Price 341,500 KRW (-2.15%)

Kakao is trading at 341,500 KRW as of 10:30 AM on the 23rd, down 2.15% from the previous day. The trading volume is 229,694 shares, which is 61.62% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On October 21, Jin-gu Kim, a researcher at KTB Investment & Securities, stated, "With the Ant Group IPO as a turning point, the value of Kakao's core Techfin business is expected to level up, driving an increase in the company's corporate value. Through the IPO, it is possible to raise 91.3 billion KRW, which will be actively used to promote new businesses such as mortgage loans, quickly leading to a value level-up." He set Kakao's target price at 440,000 KRW.

Over the past five days, individual investors have net purchased 323,016 shares of Kakao, while foreign investors and institutions have net sold 157,519 shares and 160,771 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.