Kakao, Stock Price -0.55% at This Hour... Foreigners Net Buy 701,853 Shares in Last 5 Days

As of 9:30 AM on the 15th, Kakao is trading at 449,000 KRW, down 0.55% from the previous day. The trading volume is 158,465 shares, which is about 19.89% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On January 12, Jaemin Ahn, a researcher at NH Investment & Securities, stated, "Advertising revenue centered on Kakao Biz Board and commerce sales from Gift and Talk Store are rapidly growing due to the peak season and the impact of COVID-19. Meanwhile, profitability improvements in new business areas such as mobility, webtoons, and Pay are expected to drive earnings growth. With notable growth in advertising and commerce sales, and profitability improvements in mobility, webtoon, and fintech sectors, a significant increase in operating profit is forecasted for 2021." He set Kakao's target price at 570,000 KRW.

Over the past five days, individual investors have net sold 561,002 shares of Kakao, while foreigners and institutions have net bought 701,853 shares and net sold 190,425 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.