[Featured Stock] KakaoPay Rises Over 4%... Increased Expectations for Profit Turnaround

Kakao Pay, with growing expectations of turning a profit this year, is showing strong performance on the 17th.

As of 10:03 AM on this day, Kakao Pay is trading at 31,750 KRW, up 4.44% compared to the previous trading day. After three consecutive days of decline, it is rebounding.

On this day, Yoon Yoo-dong, a researcher at NH Investment & Securities, stated, “This year, Kakao Pay is confident about turning a consolidated profit based on growth in its subsidiary securities and core payment business,” adding, “They presented a guidance of 15-25% top-line growth, the same as last year, expressing confidence in surpassing the high base.”

He continued, “We confirmed a positive shift in overseas investors’ perception of investment attractiveness and the business model,” and added, “Although there were many challenges regarding appropriate valuation and comparisons with other companies over the past three years since the initial public offering (IPO), there were no such questions this time, and attention was focused solely on future upside.”

Kakao Pay recorded its first quarterly operating profit in the securities division with 700 million KRW in the fourth quarter of last year. During the same period, Kakao Pay’s consolidated results showed an operating loss of 33 billion KRW.