Kakao, Stock Price +0.28% at This Time... 119,289 Shares Net Bought by Individuals in Last 5 Days

As of 2:31 PM on the 25th, Kakao is trading at 353,000 KRW, up 0.28% from the previous day. The trading volume is 384,801 shares, which is about 51.26% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On September 22, Sung Jong-hwa, a researcher at Ebest Investment & Securities, stated, "1) Kakao Pay's online payment sector has seen enhanced growth potential, benefiting from COVID-19. Since the launch of Kakao Pay Securities, a securities deposit account was introduced at the end of February, and it surpassed 2 million accounts by early September, showing very positive responses. Next year, they plan to officially strengthen the retail sector by launching financial product sales services. 2) Kakao Bank has shown a sharp improvement in performance, achieving its first quarterly profit turnaround in Q1 2019 and recording a net profit of 45.3 billion KRW in the first half of this year." He set Kakao's target price at 460,000 KRW.

Over the past five days, individual investors have net purchased 119,289 shares of Kakao, while foreign investors and institutions have net sold 106,494 shares and net purchased 17,087 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.