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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Kakao Corp.    A035720   KR7035720002

KAKAO CORP.

(A035720)
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

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

05/25/2020 | 05:53am EST

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. -2.95% 22.73 Delayed Quote.47.02%
HANA FINANCIAL GROUP INC. -2.80% 38150 End-of-day quote.10.58%
HYUNDAI CORPORATION -2.27% 17250 End-of-day quote.8.15%
HYUNDAI MOTOR COMPANY -4.19% 240000 End-of-day quote.25.00%
KAKAO CORP. -3.10% 437500 End-of-day quote.12.32%
LINE CORPORATION 0.00% 5350 End-of-day quote.0.00%
NOMURA CO., LTD. -1.23% 800 End-of-day quote.-6.10%
All news about KAKAO CORP.
01/14MARKET CHATTER : Kia Motors, Kakao Mobility Join Hands to Work on EV Migration i..
MT
01/11S.Korea stocks slip on Wall Street losses, Fed tapering talks
RE
01/10South Korea's IPO market poised for record year on booming retail demand
RE
01/08MARKET CHATTER : Combined Market Cap of Top South Korean Firms Hits $1.6 Trillio..
MT
01/08South Korea's IPO market poised for record year on booming retail demand
RE
01/06MARKET CHATTER : Kakao Enterprise Reaches Unicorn Status After $92 Million Korea..
MT
01/05S.Korea's KOSPI hits 3,000 for the first time in history
RE
01/05MARKET CHATTER : Kakao Pay to Launch New Digital Non-Life Insurance Unit in Seco..
MT
2020MARKET CHATTER : Kakao Bank Carries Out $920 Million Rights Offering
MT
2020MARKET CHATTER : Kakao Mobility Acquires My Valet for $6.4 Million
MT
More news
Financials
Sales 2020 4 134 B 3,74 B 3,74 B
Net income 2020 453 B 0,41 B 0,41 B
Net cash 2020 2 181 B 1,97 B 1,97 B
P/E ratio 2020 84,5x
Yield 2020 0,03%
Capitalization 36 770 B 33 346 M 33 240 M
EV / Sales 2020 8 894x
EV / Sales 2021 6 927x
Nbr of Employees -
Free-Float 65,3%
Chart KAKAO CORP.
Duration : Period :
Kakao Corp. Technical Analysis Chart | A035720 | KR7035720002 | MarketScreener
Technical analysis trends KAKAO CORP.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 469 781,25 KRW
Last Close Price 437 500,00 KRW
Spread / Highest target 30,3%
Spread / Average Target 7,38%
Spread / Lowest Target -17,7%
EPS Revisions
Managers and Directors
NameTitle
Min-Soo Yeo Co-Chief Executive Officer & Director
Su-Yong Joo Co-Chief Executive Officer & Director
Beom-Soo Kim Chairman
Min-Shik Jo Independent Director
Jae-Hong Choi Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KAKAO CORP.12.32%34 127
TENCENT HOLDINGS LIMITED14.36%792 209
NETFLIX, INC.-7.91%220 005
PROSUS N.V.4.39%181 003
UBER TECHNOLOGIES, INC.8.86%97 924
NASPERS LIMITED11.45%94 166