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    A035720   KR7035720002

KAKAO CORP.

(A035720)
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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. -0.45% 44650 End-of-day quote.29.42%
HYUNDAI CORPORATION 4.19% 18650 End-of-day quote.16.93%
HYUNDAI MOTOR COMPANY -1.45% 204000 End-of-day quote.6.25%
KAKAO CORP. 0.42% 120000 End-of-day quote.54.04%
NOMURA CO., LTD. -0.97% 1018 End-of-day quote.19.48%
All news about KAKAO CORP.
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09/24Kakao Pay pushes back planned $1.3 billion IPO to November
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09/24KAKAO : Pay pushes back planned $1.3 bln IPO to November
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09/23South Korea Benchmarks Close in Red as Fed Signals Tapering Plan by Year-End
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09/21KAKAO : Delays IPO of Mobility Unit Amid Regulatory Pressure
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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
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09/15SPACKMAN ENTERTAINMENT : Eyes $15 Million Sale of South Korean Film Production Label; Shar..
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09/14S.Korean stocks end higher ahead of U.S. inflation data
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09/13Kakao, Naver Shares Continue to Plunge on Rising Regulatory Risk on Tech Firms
MT
More news
Analyst Recommendations on KAKAO CORP.
More recommendations
Financials
Sales 2021 5 927 B 5,04 B 5,04 B
Net income 2021 937 B 0,80 B 0,80 B
Net cash 2021 3 774 B 3,21 B 3,21 B
P/E ratio 2021 58,0x
Yield 2021 0,03%
Capitalization 51 704 B 43 770 M 44 001 M
EV / Sales 2021 8,09x
EV / Sales 2022 6,20x
Nbr of Employees -
Free-Float 64,8%
Chart KAKAO CORP.
Duration : Period :
Kakao Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KAKAO CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 119 500,00 KRW
Average target price 166 724,14 KRW
Spread / Average Target 39,5%
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
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