April 25, 2024
Stocks & Bonds
[EQUITIES] ‘Kakao adds value by merging with subsidiary’
[THE INVESTOR] Kakao will build up corporate value by merging with Kakao M, said Samsung Securities on May 18, maintaining 170,000 won (US$157.26) target price.
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The influence on its fundamentals may be limited but from long-term perspective it will benefit as it will be able to utilize cashable assets worth 350 billion won and inflow of over 100 billion won revenue annually. It will also be able to respond more actively to increasing demand for co-marketing between KakaoTalk and online music service Melon, said analyst Oh Dong-hwan.
By Hwang You-mee (glamazon@heraldcorp.com)
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