Korean Air is trading at 25,950 KRW as of 11:30 AM on the 3rd, up 0.39% from the previous day. The trading volume is 1,374,769 shares, which is about 21.8% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.
On December 2nd, researchers Yang Ji-hwan and Lee Ji-soo from Daishin Securities stated, "With the court's dismissal of KCGI's lawsuit, the acquisition of Asiana Airlines by Korean Air is expected to proceed swiftly. This is likely to have a positive effect on investor sentiment due to the premium associated with the restructuring of the airline industry and the launch of the integrated airline. However, factors such as ex-rights, dilution effects from large-scale new share issuance, and overhang must be considered. Although the development of a COVID-19 vaccine is imminent, it is expected to take a long time for passenger demand to normalize, so there is a significant gap between fundamentals and stock price." They set the target price for Korean Air at 23,000 KRW.
Over the past five days, individual investors have net purchased 103,366 shares of Korean Air, while foreign investors and institutions have net purchased 99,995 shares and net sold 252,969 shares, respectively.
※Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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