Kakao, 328,244 Shares Net Sold by Individuals in Last 5 Days... Stock Price at 377,000 Won (-2.08%)

Kakao is trading at 377,000 KRW as of 11:30 AM on the 8th, down 2.08% from the previous day. The trading volume is 371,589 shares, which is about 41.81% 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 confirmed 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 influence on valuation compared to Pay and Bank is relatively low." He set Kakao's target price at 425,000 KRW.

Over the past five days, individual investors have net sold 328,244 shares of Kakao, while foreigners and institutions have net bought 163,705 shares and 140,249 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.