Korean Air, Stock Price Down 2.29% at This Time... 179,717 Shares Net Sold by Individuals in Last 5 Days

Korean Air is trading at 25,550 KRW as of 2:30 PM on the 7th, down 2.29% from the previous day. The trading volume is 1,994,934 shares, which is 70.63% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.

On December 2nd, Jaehyun Ryu, a researcher at Mirae Asset Daewoo, stated, "The combined fleet size of the two companies has increased to 245 aircraft, heralding the birth of a mega airline. Based on 2019 performance, it is expected to rapidly rise to 3rd place globally in international cargo and 11th in international passenger traffic. Cost reduction is anticipated through increased buyer bargaining power and route optimization. In addition to a rights offering, the company plans to sell its in-flight meal division, Songhyeon-dong land, and Wangsang Leisure Development. If all are realized, nearly 1.5 trillion KRW in cash inflow and an increase in net asset value are possible. Strengthening liquidity and cash flow generation in the cargo sector are expected to restore shareholder value." He set Korean Air's target price at 32,000 KRW.

Over the past five days, individual investors have net sold 179,717 shares of Korean Air, while foreigners and institutions have net bought 161,176 shares and net sold 26,580 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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