Kakao, Stock Price +1.27% at This Time... 1,180,431 Shares Net Bought by Individuals in the Last 5 Days

As of 1:30 PM on the 10th, Kakao is trading at 357,500 KRW, up 1.27% from the previous day. The trading volume is 882,165 shares, which is 46.87% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On August 7, Kim Chang-kwon, a researcher at Mirae Asset Daewoo, stated, "Piccoma will be the performance leader in the third quarter as well. Kakao's growth story is the 'world where everything connects through the internet,' which will continue for years to come. Expansion of performance-based advertising products and establishment of e-commerce revenue models such as gifting secure a cash cow. Following Kakao Games, scheduled to be completed within September, Kakao Bank's IPO plan is set for this year. The content platforms Kakao Page, Piccoma, and Kakao M represent a new growth story, and original drama and film production in the second half of 2020 is expected to become a new revenue model." He set Kakao's target price at 460,000 KRW.

Over the past five days, individual investors have net purchased 1,180,431 shares of Kakao, while foreigners and institutions have net sold 646,713 shares and 537,007 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.