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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  NAVER Corporation    A035420   KR7035420009

NAVER CORPORATION

(A035420)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 11/26
285500 KRW   +2.51%
10/28NAVER : Third-Quarter Net Profit Beats Consensus -- Earnings Review
DJ
10/28NAVER : 3Q Net Profit Nearly Tripled
DJ
10/28Retail investors lift S.Korea shares; caution on virus, U.S. election uncertainties
RE
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Naver Spearheads US$80 Million Investment in Singapore's Carousell

09/15/2020 | 07:09am EST

By Ben Otto

Singapore-based peer-to-peer shopping app Carousell has secured US$80 million in new investment from a consortium led by internet giant Naver Corp., taking the fast-growing company closer to a billion-dollar valuation.

The investment by South Korea's largest web search engine "is a vote of confidence and reinforces the relevance of our mission," Quek Siu Rui, Carousell's co-founder and chief executive, said in a statement Tuesday.

Carousell, which runs a fast-growing classified-ads marketplace in Southeast Asia, Taiwan and Hong Kong, said the injection of fresh funds would boost its valuation to more than US$900 million. Launched in 2012, the company also has backing from Norway's Telenor ASA, the venture capital firm Sequoia Capital and South African tech giant Naspers Ltd.

Jung An Lee, head of investments at Naver, said the company believed Carousell was poised to further consolidate a market leadership position.

The startup last year made acquisitions to boost its presence in Malaysia, Vietnam and the Philippines.

Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities are the other investors in the consortium, Carousell said. Credit Suisse advised on the transaction.

 

Write to Ben Otto at ben.otto@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.51% 11.715 Delayed Quote.-10.61%
MIRAE CORPORATION 0.15% 3305 End-of-day quote.-50.30%
NASPERS LIMITED 0.84% 3184.01 End-of-day quote.38.99%
NAVER CORPORATION 2.51% 285500 End-of-day quote.53.08%
TELENOR ASA 1.02% 153.4 Delayed Quote.-2.57%
All news about NAVER CORPORATION
10/28NAVER : Third-Quarter Net Profit Beats Consensus -- Earnings Review
DJ
10/28NAVER : 3Q Net Profit Nearly Tripled
DJ
10/28Retail investors lift S.Korea shares; caution on virus, U.S. election uncerta..
RE
10/26NAVER CORPORATION : quaterly earnings release
10/19NAVER CORPORATION : quaterly earnings release
09/29Dollar holds line after Trump, Biden clash in first debate
RE
09/15Naver Spearheads US$80 Million Investment in Singapore's Carousell
DJ
07/30Uber halts move of Asia HQ to Hong Kong
RE
07/30Uber halts move of Asia headquarters to Hong Kong
RE
07/29NAVER : 2Q Net Profit More Than Tripled But Still Missed Consensus -- Earnings R..
DJ
More news
Financials
Sales 2020 5 506 B 4,98 B 4,98 B
Net income 2020 807 B 0,73 B 0,73 B
Net cash 2020 2 633 B 2,38 B 2,38 B
P/E ratio 2020 54,3x
Yield 2020 0,14%
Capitalization 41 356 B 37 448 M 37 427 M
EV / Sales 2020 7 511x
EV / Sales 2021 6 528x
Nbr of Employees 15 148
Free-Float 88,3%
Chart NAVER CORPORATION
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NAVER Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 381 259,26 KRW
Last Close Price 284 500,00 KRW
Spread / Highest target 75,7%
Spread / Average Target 34,0%
Spread / Lowest Target 19,5%
EPS Revisions
Managers
NameTitle
Seong-Sook Han Chief Executive Officer & Director
In-Hyeok Choi Chief Operating Officer & Director
Sang-Jin Park Chief Financial Officer
Yu-Hoon Kang Head-Technology
Hae-Jin Lee Director & Global Investment Officer
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