Kakao is trading at 365,000 KRW as of 2:30 PM on the 23rd, up 3.4% from the previous day. The trading volume is 792,126 shares, which is 90.7% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On September 18, researchers Donghee Kim and Daye Kang from Meritz Securities stated, "KakaoTV launched on September 1, starting with 7 original contents and incorporating revenue models such as Pre-roll Ads and PPL. The number of users and views are rapidly growing. Attention is focused on the changing landscape of the domestic OTT market. KakaoTV’s value is estimated at 0.6 trillion KRW, reflecting the average PSR of global OTT operators. Advertising and commerce businesses are still experiencing high growth. Kakao Shopping Live surpassed 1 million users and 5 million cumulative views within 100 days after its beta service launch on May 21," and set Kakao’s target price at 450,000 KRW.
Over the past five days, individual investors have net purchased 203,772 shares of Kakao, while foreigners and institutions have net sold 113,937 shares and 73,759 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.
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