Report
Marie Sun
EUR 147.86 For Business Accounts Only

The dominant mobile messaging service provider needs to prove its monetization capability.

Kakao has been dominating the mobile messaging service market in South Korea since its launch in 2010. However, we think investment in this company is speculative, given the high level of uncertainty of its monetization model. We believe the consolidation of Loen, which owns the leading music streaming service MelOn, during the second half of 2016, has improved Kakao’s overall profitability and capability to generate cash. However, Loen’s revenue accounts for less than 30% of total revenue, and ...
Underlying
Kakao Corp.

Kakao is engaged in the provision of Internet services to its users and advertisers. Co. provides its owned and operated online properties and services for its users. Co. provides a range of tools and marketing services designed to enable businesses to reach its users for its advertisers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Marie Sun

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