Kakao, Stock Price +0.94% at This Hour... 311,797 Shares Net Bought by Individuals in Last 5 Days
Kakao is trading at 483,500 KRW as of 9:30 AM on the 12th, up 0.94% from the previous day. The trading volume is 140,623 shares, which is 15.22% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On March 9, Lee Seunghoon, a researcher at IBK Investment & Securities, stated, "Kakao has evolved into the top lifestyle-integrated 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 311,797 shares of Kakao, while foreigners and institutions have net sold 134,007 shares and 194,511 shares, respectively.
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※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.
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