Kakao, Foreign Investors Net Buy 647,191 Shares in Last 5 Days... Stock Price 401,000 KRW (+1.39%)

Kakao is trading at 401,000 KRW as of 11:30 AM on the 7th, up 1.39% from the previous day. The trading volume is 402,078 shares, which is 28.24% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On January 5th, analyst Changyoung Lee from Yuanta Securities stated, "In March 2013, Kakao launched a mobile content platform under the name KakaoPage but failed in traffic and monetization. However, in November 2014, the 'Wait and Free' model achieved great success, with DAU increasing from 200,000 to 900,000 within a month, and monthly transaction amount soaring from 1.3 billion KRW to 7.5 billion KRW. The 'Wait and Free' model was also introduced in the Japanese market (Piccoma), where serialized webtoons achieved great success in the Japanese digital comics market, which is mainly focused on single-volume books. As of 3Q20, transaction volume reached 130 billion KRW, showing explosive growth with YoY +247% and QoQ +44%." He set Kakao's target price at 446,000 KRW.

Over the past five days, individual investors have net sold 376,800 shares of Kakao, while foreigners and institutions have net bought 647,191 shares and net sold 256,952 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.