External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>4Q24 revenue aligns with consensus, while OP falls short on increased marketing expenses</li><li>Marketing expenses set to rise through 2025, but less likely to hurt OPM</li><li>Signs of recovery seen in commerce services; stock price to stay on an upward trajectory if strong performance persists through 1H25</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>

4Q24 revenue aligns with consensus, while OP falls short on increased marketing expensesMarketing expenses set to rise through 2025, but less likely to hurt OPMSigns of recovery seen in commerce services; stock price to stay on an upward trajectory if strong performance persists through 1H25Content 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) - Signs of Optimism Seen in Commerce Biz

Naver Corp

Naver (035420 KS) - Signs of Optimism Seen in Commerce Biz