Kakao, Foreign Investors Net Buy 240,592 Shares in Last 5 Days... Stock Price 366,500 KRW (+0.27%)

Kakao is trading at 366,500 KRW as of 12:30 PM on the 20th, up 0.27% from the previous day. The trading volume is 174,194 shares, which is about 40.75% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On November 18, Donghee Kim, a researcher at Meritz Securities, stated, "In 2021, Kakao's stock price acted as an important momentum through performance growth and subsidiary value revaluation. Kakao Pay is expected to have its fair value fully evaluated following its IPO in the first half of 2021 as a successful domestic fintech platform. Additionally, mobility value is revalued at 6.1 trillion KRW based on the T Map Mobility reappraisal, and Bank is revalued at 9.3 trillion KRW. Profit growth outpaces cost increases due to sales growth. A strategy to increase weighting in the leading domestic mobile platform is necessary." He set Kakao's target price at 500,000 KRW.

Over the past five days, individual investors have net sold 200,302 shares of Kakao, while foreigners and institutions have net bought 240,592 shares and net sold 47,055 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an article auto-generation algorithm jointly developed by Asia Economy and financial AI specialist Thinkpool.

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