Recently, the target has risen to 560,000 won
“Good for eCommerce and KakaoTalk when taking over eBay Korea”
“Kakao Bank accelerates overall profit growth of Kakao”
Kakao, who jumped 18% this year(474,000 +3.04%)It is expected that the share price of the stock will continue to rise. There are good things that can increase corporate value. Recently, Kakao has actively launched before the sale of eBay Korea, and its subsidiaries, such as Kakao Pay, Kakao Bank, are about to be listed.
As of 9:30 am on the 11th, Kakao is trading at 469,000 won, up 9000 won (1.96%) from the previous day. Based on the previous day’s closing price, this year’s stock price rose 18.1%.
It is an observation that the stock price will rise further in the future. IBK Investment & Securities recently raised its target price for Kakao from KRW 540,000 to KRW 560,000.
Expectations in the market are spreading as Kakao jumps into the 5 trillion won bid for the sale of eBay Korea. The annual transaction amount of eBay Korea is 20 trillion won, similar to Coupang (21.74 trillion won), but unlike Coupang, it has been surplus for 16 consecutive years.
Amid a preliminary bid for the sale on the 16th, the industry is saying that Kakao will be the leading candidate for eBay Korea’s acquisition. It is because Kakao has grown its size through various mergers and acquisitions (M&A), and can also raise about 3.900 trillion won through the disposal of cash equivalents and treasury stocks.
Stock prices are also positive. Seung-hoon Lee, researcher at IBK Investment & Securities said, “If eBay Korea is acquired, a virtuous cycle structure is expected that not only increases the amount of e-commerce transactions, but also improves the advertising unit price of Kakao Talk.” “It was evaluated.
In addition, it has the momentum for listing of its subsidiaries. Kakao Pay is promoting listing in June of this year, and Kakao Bank is preparing for an IPO in the second half of this year. Kakao Bank completed a paid-in capital increase of 1 trillion won at the end of last year, and its corporate value was estimated at about 9.3 trillion won. Currently, it is trading at around 76,000 won in OTC stocks.
Yoon Eul-jung, a researcher at Shinyoung Securities, said, “Last year, Kakao Bank’s credit (loan) balance increased 36.5% from the previous year, exceeding 20 trillion won.” It will accelerate overall profit growth.”
Eunbit Go, reporter Hankyung.com [email protected]
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