Kakao, 492,628 Shares Sold Net by Individuals in Last 5 Days... Stock Price at 385,000 Won (-1.16%)

Kakao is trading at 385,000 KRW as of 1:30 PM on the 7th, down 1.16% from the previous day. The trading volume is 729,016 shares, which is about 47.08% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On December 3rd, Hyundai Motor Securities researcher Kim Hyun-yong stated, "There was a media report yesterday that KakaoPage and Kakao M are considering a merger, but it is understood that nothing has been finalized yet. However, since the sequential IPOs of subsidiaries are judged to have a significant impact on the company's valuation, exceeding half of the total SOTP value, the launch of a giant content company through the merger of Page and M is a sufficiently rational decision. The expected IPO timing is in 2022, allowing some leeway, and the impact on valuation is relatively low compared to Pay and Bank." He set Kakao's target price at 425,000 KRW.

Over the past five days, individual investors have net sold 492,628 shares of Kakao, while foreigners and institutions have net bought 253,116 shares and 225,782 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.