Kakao, Foreign Investors Net Buy 978,881 Shares in Last 5 Days... Stock Price 455,000 Won (-0.55%)

Kakao is trading at 455,000 won as of 11:30 AM on the 13th, down 0.55% from the previous day. The trading volume is 445,278 shares, which is about 28.46% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On January 8, Jeong Ho-yoon, a researcher at Korea Investment & Securities, stated, "Most new businesses such as fintech, mobility, and webtoons have seen rapid revenue growth since 2020. In particular, as the mobility and fintech business models diversify, their revenues are confirmed to be growing rapidly. This increase in new business revenue has not only greatly contributed to Kakao's performance improvement but also raised the value of individual new businesses, which has had a very positive impact on Kakao's stock price. It is expected that Kakao's stock price will continue to show a positive trend in 2021." He set Kakao's target price at 480,000 won.

Over the past five days, individual investors have net sold 847,058 shares of Kakao, while foreigners and institutions have net bought 978,881 shares and net sold 169,481 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.