Kakao, 322,603 Shares Net Bought by Individuals in Last 5 Days... Stock Price at 358,000 Won (+6.39%)

Kakao is trading at 358,000 KRW as of 2:30 PM on the 4th, up 6.39% from the previous day. The trading volume is 1,163,873 shares, which is 290.62% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On October 30, Donghee Kim, a researcher at Meritz Securities, stated, "Over the past three months, Kakao's stock price has been in a consolidation phase due to 1) regulatory issues on platform companies and 2) concerns about rising costs. In 2021, profitability improvements are expected not only in advertising/commerce but also in new businesses such as Pay, Mobility, and Webtoon. The stock price adjustment presents an opportunity to increase exposure to a leading domestic mobile platform. Internet sector Top Pick." He set Kakao's target price at 450,000 KRW.

Over the past five days, individual investors have net bought 322,603 shares of Kakao, while foreigners and institutions have net sold 281,232 shares and 52,247 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.