As of 2:30 PM on the 26th, Kakao is trading at 329,500 KRW, down 3.09% from the previous day. The trading volume is 607,649 shares, which is 99.46% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On October 21, Jin-gu Kim, a researcher at KTB Investment & Securities, stated, "With the Ant Group IPO as a turning point, the value of Kakao's core tech-finance business is expected to level up, driving an increase in the company's corporate value. Through the IPO, it is possible to raise 91.3 billion KRW, which will be actively used to promote new businesses such as mortgage loans, quickly leading to a value level-up." He set Kakao's target price at 440,000 KRW.
Over the past five days, individual investors have net purchased 478,805 shares of Kakao, while foreign investors and institutions have net sold 201,225 shares and 262,339 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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