Korean Air is trading at 25,900 KRW as of 10:30 AM on the 2nd, down 1.71% from the previous day. The trading volume is 3,860,597 shares, which is 25.14% of the previous day's volume. Korean Air is known as the number one air transportation company in South Korea.
On November 30, KB Securities analyst Kang Sung-jin stated, "Key points for 2021: 1) While passenger traffic is sluggish, the air cargo market is expected to remain robust. The projected international passenger revenue for 2021 is 2.3 trillion KRW, which is 31.6% of 2019 levels. Meanwhile, air cargo revenue is expected to be 4.0 trillion KRW, or 156.8% of 2019 levels. 2) Korean Air is preparing a large-scale rights offering in 1Q21, which will inevitably cause significant share dilution. 3) In 2021, Korean Air will acquire a 63.9% stake in Asiana Airlines for 1.5 trillion KRW." He set the target price for Korean Air at 22,000 KRW.
Over the past five days, individual investors have net sold 545,793 shares of Korean Air, while foreign investors and institutions have net bought 249,633 shares and 266,892 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.
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