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    A035720   KR7035720002

KAKAO CORP.

(A035720)
  Report
End-of-day quote Korea Stock Exchange  -  2022-09-29
57100.00 KRW   +2.15%
08/19Kakao Drops Plan to Sell 10% Stake in Kakao Mobility to MBK Partners
MT
08/19South Korea shares end upward streak, won hits more than 13-year low
RE
08/19KakaoBank Shares Plunge on Block Trade Sale
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Kakaopay Rallies Amid Hopes for Better Earnings

08/03/2022 | 11:18pm EDT

By Kwanwoo Jun


Kakaopay Corp. shares rallied for a second session on Thursday, and helped to boost its parents' stock, amid hopes for improved earnings in the second half.

Shares in the South Korean mobile-payments company jumped 14% to 73,000 won ($55.8) in early trading Thursday--the sharpest daily percentage gain since November in 2021--following a 5.4% gain in the prior session after it reported its second-quarter earnings.

Parent Kakao Corp., which owns a 47.83% stake in Kakaopay, rose 6.7% to KRW81,100.

The rally reflects the market's upbeat outlook on the fintech company's earnings, even though it was in the red in the quarter ended in June largely because of increased operating costs and new investments.

Daiwa Capital Wednesday upgraded its rating on Kakaopay to buy from outperform, noting that the company's management maintained its full-year revenue growth target at 40%-60% despite the firm's somewhat subdued second-quarter results.

Seoul-based SK Securities analyst K.S. Choi in a research note said that he expects Kakaopay to turn a profit in the third quarter and post solid top-line growth in 2023.

Kakaopay is set to gain from expanding its online settlement services to offline ones as well as its investments in brokerage and insurance services, Mr. Choi added.

SK Securities cut the stock's target by 34% to KRW76,000 but upgraded its rating to buy from neutral.


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


(END) Dow Jones Newswires

08-03-22 2317ET

Stocks mentioned in the article
ChangeLast1st jan.
KAKAO CORP. 2.15% 57100 End-of-day quote.-49.24%
KAKAO PAY CORP. -0.30% 49100 End-of-day quote.-71.86%
S&P GSCI COCOA INDEX 1.16% 92.4588 Real-time Quote.-7.66%
SK SECURITIES CO., LTD. -0.93% 637 End-of-day quote.-36.30%
All news about KAKAO CORP.
08/19Kakao Drops Plan to Sell 10% Stake in Kakao Mobility to MBK Partners
MT
08/19South Korea shares end upward streak, won hits more than 13-year low
RE
08/19KakaoBank Shares Plunge on Block Trade Sale
DJ
08/18South Korea's Kakao drops plan to sell stake in taxi-hailing unit
RE
08/17Kakao : Response to Rumorsor Media Reports
PU
08/16Kakao Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 3..
CI
08/09Kakao : Details of Corporate Governance Report
PU
08/05Kakao's Net Income Plunges 68% in June Quarter
MT
08/05Nomura Adjusts Kakao's Price Target to 100,000 Won From 90,000 Won, Keeps at Buy
MT
08/04Kakao Bank's Net Income Plunges Nearly 18% in June Quarter on Higher Loan-Loss Reserves
MT
More news
Analyst Recommendations on KAKAO CORP.
More recommendations
Financials
Sales 2022 7 547 B 5,26 B 5,26 B
Net income 2022 1 740 B 1,21 B 1,21 B
Net cash 2022 4 661 B 3,25 B 3,25 B
P/E ratio 2022 14,6x
Yield 2022 0,10%
Capitalization 24 925 B 17 357 M 17 357 M
EV / Sales 2022 2,69x
EV / Sales 2023 2,14x
Nbr of Employees -
Free-Float 67,2%
Chart KAKAO CORP.
Duration : Period :
Kakao Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KAKAO CORP.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 57 100,00 KRW
Average target price 100 666,67 KRW
Spread / Average Target 76,3%
EPS Revisions
Managers and Directors
Whon Namkoong Co-Chief Executive Officer
Eun-Taek Hong Co-Chief Executive Officer
Sung-Soo Kim Chairman
Tae-Sung Jung Head-Compliance Support
Kyu-Jin Cho Independent Director
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