Kakao, Institutional Investors Net Sell 236,087 Shares in Last 5 Days... Stock Price 354,000 KRW (-0.98%)

Kakao is trading at 354,000 KRW as of 2:30 PM on the 19th, down 0.98% from the previous day. The trading volume is 275,042 shares, which is 69.53% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On October 16, Mina Lee, a researcher at Daishin Securities, stated, "The changes from before are 1) Kakao Games' fair market capitalization was raised to 2.4 trillion KRW (target price 33,000 KRW), 2) reflecting the recent investment in Toss and the increased value of MAU, Kakao Pay's MAU value was raised to 330,000 KRW (previously 300,000 KRW), 3) considering the sharp increase in Piccoma's trading volume, Kakao Japan's value was raised to 3.6 trillion KRW. Following strong earnings, the stock price is expected to continue rising in Q4 and 2021." She announced a target price of 440,000 KRW for Kakao.

Over the past five days, individual investors have net purchased 209,892 shares of Kakao, while foreigners and institutions have net purchased 5,535 shares and net sold 236,087 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 the financial AI specialist company Thinkpool.