External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

External broker reports(aggregated public sources)

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Strong core business (advertising/commerce) performance expected in 1Q24</li><li>Need to watch China’s active commerce market expansion</li><li>Even considering China’s impact, too much concerns priced in</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong core business (advertising/commerce) performance expected in 1Q24Need to watch China’s active commerce market expansionEven considering China’s impact, too much concerns priced inContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Naver (035420 KS Apr 17, 2024) - Too Much Concerns, Even Considering China

South Korea

Naver Corp. provides Internet site with web portal services, such as search engine, online game and content development.  The Company also offers marketing service through text and banner advertisement.

Naver Corp (035420 KS)

Naver (035420 KS Apr 17, 2024) - Too Much Concerns, Even Considering China

Strong core business (advertising/commerce) performance expected in 1Q24. Need to watch China’s active commerce market expansion

Daishin Securities