Kakao, Institutional Investors Net Sell 445,231 Shares in Last 5 Days... Stock Price 353,000 KRW (-0.7%)

As of 12:30 PM on the 10th, Kakao is trading at 353,000 KRW, down 0.7% from the previous day. The trading volume is 1,829,345 shares, which is about 75.5% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On July 10, Samsung Securities researcher Odonghwan Oh stated, "Kakao's revenue is growing rapidly at around 30%, similar to global platforms, and operating profit margin is also rising quickly due to profitability improvements across all business divisions, so applying PSR valuation is reasonable. Since COVID-19, Kakao has expanded its influence as a non-face-to-face platform, showing simultaneous improvements in scale and profitability, necessitating a reevaluation of Kakao's valuation. From the second half of the year, subsidiaries such as Games, Page, Commerce, and Bank are scheduled to go public consecutively." He set Kakao's target price at 420,000 KRW.

Over the past five days, individual investors have net purchased 125,947 shares of Kakao, while foreigners and institutions have net purchased 343,261 shares and net sold 445,231 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 financial AI specialist company Thinkpool.