Kakao, 'Stock Price Rise Driven by Profit Growth' Stock Price 260,500 Won (-2.43%)

As of 12:30 PM on the 29th, Kakao is trading at 260,500 KRW, down 2.43% from the previous day. The trading volume is 748,270 shares, which is about 30.19% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On May 27, Samsung Securities researcher Odonghwan Oh forecasted that "the launch of the short-form video platform TokTV in the second half of the year is expected to contribute to advertising and content revenue, as well as enhance KakaoM's corporate value through renewed production capabilities. Kakao is experiencing simultaneous revenue growth through strengthening the advertising-commerce ecosystem and improved profitability of subsidiaries such as Pay, Bank, and Mobility. The corporate value of key subsidiaries has increased due to the introduction of full-scale revenue models." He set Kakao's target price at 310,000 KRW.

Over the past five days, individual investors have net purchased 1,148,223 shares of Kakao, while foreign investors and institutions have net purchased 87,458 shares and net sold 1,248,151 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.