Kakao, Stock Price +1.75% at This Hour... Foreigners Net Buy 111,576 Shares in Last 5 Days

As of 10:30 AM on the 18th, Kakao is trading at 493,500 KRW, up 1.75% from the previous day. The trading volume is 245,280 shares, which is 61.27% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On March 17, Kim Chang-kwon, a researcher at Mirae Asset Daewoo, stated, "It has been confirmed that the performance momentum of growth divisions such as Bizboard and Commerce continues into the first quarter, with the addition of the shopping tab expected to accelerate the increase in Gross Merchandise Volume (GMV). Kakao is expected to be the biggest beneficiary of the growth of Upbit, the largest cryptocurrency exchange in South Korea. The par value has been changed from 500 KRW to 100 KRW, with trading suspended for three days starting April 12 and resuming from April 15. Kakao Pay is expected to IPO in the first half of 2021, and Kakao Bank in the second half. Additionally, Kakao Entertainment and Kakao Japan are expected to be listed in 2022." He set Kakao's target price at 590,000 KRW.

Over the past five days, individual investors have net sold 73,766 shares of Kakao, while foreigners and institutions have net bought 111,576 shares and net sold 50,603 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.