Kakao, Stock Price Down 1.42% at This Hour... 698,438 Shares Net Bought by Individuals in Last 5 Days

Kakao is trading at 486,500 KRW as of 10:31 AM on the 4th, down 1.42% from the previous day. The trading volume is 253,978 shares, which is about 50.1% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On March 4th, Hyundai Motor Securities researcher Kim Hyun-yong stated, "Momentum is expected to maximize in the first half of the year. The IPOs of Kakao Bank (over 20 trillion KRW) and Kakao Pay (over 10 trillion KRW) are anticipated in 2021, and Kakao Entertainment, launching in March, is also expected to go public in 2022. Furthermore, participation in the eBay Korea acquisition bid is a positive event that could open additional stock price upside depending on the outcome." He set Kakao's target price at 530,000 KRW.

Over the past five days, individual investors have net bought 698,438 shares of Kakao, while foreign investors and institutions have net sold 659,389 shares and 24,582 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.