Korean Air, Stock Price Down 6.68% at This Hour... 3,717,176 Shares Net Bought by Individuals in Last 5 Days

Korean Air is trading at 25,150 KRW as of 12:30 PM on the 17th, down 6.68% from the previous day. The trading volume is 22,668,957 shares, which is about 30.69% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.

On November 17, researchers Yang Ji-hwan and Lee Ji-soo from Daishin Securities stated: '- On the previous day, Korean Air decided on a paid-in capital increase through a rights offering to shareholders and a general public offering of forfeited shares, amounting to 2.5 trillion KRW, to acquire Asiana Airlines and secure cash liquidity.
- The number of new shares to be issued is approximately 173.6 million shares (99.7% of the total shares before the capital increase), resulting in an EPS dilution effect of about 49.9% for existing shareholders, and the estimated book value per share for 2021 is expected to fall from 27,348 KRW to 20,906 KRW.
- The largest shareholder, Hanjin KAL, is expected to be allocated about 50.8 million shares through oversubscription.
- The funds raised through the capital increase are expected to be used for 1.5 trillion KRW to acquire Asiana Airlines shares and 1 trillion KRW to repay borrowings.' They set the target price for Korean Air at 23,000 KRW.

Over the past five days, individual investors have net purchased 3,717,176 shares of Korean Air, while foreigners and institutions have net sold 1,074,224 shares and 2,499,111 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an article automatic 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.