Initiating Coverage of Kakao With No Moat, Stable Trend, and FVE of KRW 78,000; Stock Is Overvalued
Kakao has been dominating the mobile messaging service market in South Korea since its launch in 2010. However, we think investment in this company...
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AfreecaTV - Present and Future of P2P Video Streaming Service
For those folks living in Korea, AfreecaTV is not a kind of household name. Indeed, it is a part of everyday things for Koreans in their 10s and...
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Stark Reality of VR Market - Telcos Are Pushing VR for 5G in Korea
Virtual Reality (VR) is not really taking off. We had and we are still having high expectations on VR, but the actual sales numbers are quite...
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Resurgence of Daum's Mobile App - Fueling Rally in Kakao
I said the following point in my previous insight ("Thoughts on Kakao’s Price Surge Today")How can Kakao revive its ad business? Certainly, this...
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Korea Stock Market Monthly Recap #9 - (December 2016)
The economic hope post Trump win continued to play out in the global equity markets in December. Dow Jones Industrial Average was up 3.3% and...
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