Kakao, Stock Price +3.86% at This Hour... 553,359 Shares Net Sold by Individuals in the Last 5 Days

As of 2:30 PM on the 8th, Kakao is trading at 322,500 KRW, up 3.86% from the previous day. The trading volume is 1,529,440 shares, which is 98.9% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On July 3rd, Kim Chang-kwon, a researcher at Mirae Asset Daewoo, stated, "The success of K-webtoons, with 2Q Japan transaction amount YoY +213%, estimated to surpass 100 billion KRW. The company's webtoon-related subsidiaries are Kakao Page and Kakao Japan. If stable growth in the Korean market, further expansion and market share acquisition in the Japanese market, and entry into other global countries become visible, there is potential to see a combined valuation of the two companies in the 10 trillion KRW range. A market value re-evaluation of Kakao is expected due to the IPO value increase of these two companies." He set Kakao's target price at 370,000 KRW.

Over the past five days, individual investors have net sold 553,359 shares of Kakao, while foreigners and institutions have net bought 527,580 shares and 15,390 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 financial AI specialist company Thinkpool.