Korean Air, 7,204,263 Shares Net Bought by Individuals in Last 5 Days... Stock Price 24,150 KRW (-1.63%)

Korean Air is trading at 24,150 KRW as of 1:30 PM on the 18th, down 1.63% from the previous day. The trading volume is 6,805,899 shares, which is about 23.38% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.

On November 17, analysts Yang Ji-hwan and Lee Ji-soo from Daishin Securities stated, "- On the previous day, Korean Air decided on a rights offering followed by a general public offering of forfeited shares worth 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 drop 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 acquiring Asiana Airlines shares (1.5 trillion KRW) and repaying borrowings (1 trillion KRW)," and set the target price for Korean Air at 23,000 KRW.

Over the past five days, individual investors have net purchased 7,204,263 shares of Korean Air, while foreign investors and institutions have net sold 1,774,546 shares and 5,371,200 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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