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    A035720   KR7035720002

KAKAO CORP.

(A035720)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kakao Shares Rise 8.5% in Biggest Daily Gain Since March-End

05/25/2020 | 05:53am EDT

By Kwanwoo Jun

Kakao Corp. shares rose for a fourth straight session, and analysts are bullish on the South Korean internet group and its services amid the coronavirus pandemic.

Kakao, whose chat app KakaoTalk is widely used by Korean smartphone users, closed 8.5% higher at 268,000 Korean won ($216) on Monday--the biggest daily gain since March 30.

The stock has added more than 75% so far this year, with much of the gains helped by its above-consensus first-quarter earnings.

Kakao's rally drove its market capitalization to KRW23.335 trillion ($18.81 billion) as of Monday, topping that of the country's largest car maker, Hyundai Motor Co.

Analysts said the internet firm's bullish run could continue, given that its business platforms are able to survive and even flourish within the pandemic-induced tough market environment.

Seoul-based Hana Financial Investment said Monday that Kakao has every reason to be confident about its future growth, especially in its new Talk Biz Board platform connecting businesses with KakaoTalk users. Kakao's online banking and online payment services also appear promising, Hana Financial Investment said.

Meanwhile, Nomura said earlier this month that Kakao deserves to rise further despite its recent rally. It raised the stock's target price by 14% to KRW240,000.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
HANA FINANCIAL GROUP INC. -0.78% 44750 End-of-day quote.29.71%
HYUNDAI CORPORATION -0.54% 18350 End-of-day quote.15.05%
HYUNDAI MOTOR COMPANY -0.72% 208000 End-of-day quote.8.33%
KAKAO CORP. -0.82% 121500 End-of-day quote.55.97%
NOMURA CO., LTD. 0.20% 1007 End-of-day quote.18.19%
All news about KAKAO CORP.
09/15KFTC Fines Google $177 Million for Asserting Market Dominance in South Korea
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09/15S.Korean stocks end higher as foreign-buying outweighs global growth worries
RE
09/15SPACKMAN ENTERTAINMENT : Eyes $15 Million Sale of South Korean Film Production L..
MT
09/14S.Korean stocks end higher ahead of U.S. inflation data
RE
09/13Kakao, Naver Shares Continue to Plunge on Rising Regulatory Risk on Tech Firm..
MT
09/13S.Korean stocks end flat, U.S. CPI data in focus ahead of Fed meet
RE
09/12KAKAO : Kakaopay's Car Insurance Comparison Service to be Suspended from Sept. 2..
MT
09/10South Korean Stocks Gain after Three Sessions of Losses as Tech Stocks Revive..
MT
09/10S.Korean stocks snap three-day losses on tech rebound, Biden-Xi call
RE
09/09U.S. shares retreat, European shares end little-changed
RE
More news
Analyst Recommendations on KAKAO CORP.
More recommendations
Financials
Sales 2021 5 938 B 5,05 B 5,05 B
Net income 2021 933 B 0,79 B 0,79 B
Net cash 2021 3 787 B 3,22 B 3,22 B
P/E ratio 2021 58,9x
Yield 2021 0,03%
Capitalization 52 570 B 44 709 M 44 737 M
EV / Sales 2021 8,22x
EV / Sales 2022 6,30x
Nbr of Employees -
Free-Float 64,8%
Chart KAKAO CORP.
Duration : Period :
Kakao Corp. Technical Analysis Chart | A035720 | KR7035720002 | MarketScreener
Technical analysis trends KAKAO CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 121 500,00 KRW
Average target price 168 103,45 KRW
Spread / Average Target 38,4%
EPS Revisions
Managers and Directors
Min-Soo Yeo Co-Chief Executive Officer & Director
Su-Yong Jo Co-Chief Executive Officer & Director
Beom-Soo Kim Chairman
Tae-Sung Jung Head-Compliance Support
Kyu-Jin Cho Independent Director
Sector and Competitors
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