Kakao, Stock Price Down 2.86% at This Hour... 825,365 Shares Net Bought by Individuals in Last 5 Days

Kakao is trading at 441,000 KRW as of 12:30 PM on the 9th, down 2.86% from the previous day. The trading volume is 781,400 shares, which is 117.31% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On March 9th, Lee Seung-hoon, a researcher at IBK Investment & Securities, stated, "Kakao has evolved into the top lifestyle service in South Korea based on KakaoTalk and brand trust. KakaoTalk is closely linked with services such as Pay, e-commerce, mobility, and KakaoTV. Subsidiaries like mobility and enterprise are attracting investments at higher valuations, and as IPOs approach, the value of subsidiaries is rising. Major subsidiaries' IPOs are expected to proceed by 2022, and marketing expenses and investments are expected to increase, so high valuations are likely to be maintained." He set Kakao's target price at 560,000 KRW.

Over the past five days, individual investors have net purchased 825,365 shares of Kakao, while foreigners and institutions have net sold 638,168 shares and 181,585 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.