Search results for DB Securities
Games & Commerce
Naver, Kakao face growing pressure to deliver AI results despite record second-quarter outlook
Naver and Kakao are expected to post their best-ever second-quarter sales and operating profit, but both are struggling to gain market traction as their share prices remain weak. Naver hit a 52-week high last month before falling to a fresh 52-week low, while Kakao saw broker target prices cut despite an expected jump in operating profit. Analysts say the market is weighing the lack of clear, measurable AI business contributions, making second-half AI performance the key focus.
Finance
SpaceX Nasdaq listing nears; options for South Korean investors
SpaceX is set to list on the Nasdaq on June 12, drawing attention from South Korean investors, though direct subscription by retail investors is effectively limited. Alternative options being discussed include South Korean firms with SpaceX stakes, local space and aerospace value-chain stocks and related exchange-traded funds. SpaceX set its IPO price at $135 per share, and markets see fundraising of $75 billion with a potential post-listing valuation of about $1.75 trillion.
Industry
Naver commerce revenue share and user base climb; what is driving the growth?
Naver’s commerce business is extending a steep growth run, with its share of total revenue topping 30 percent for the first time and shopping app users reaching record highs. Multiple factors are seen driving the gains, including a revamped fee structure, expansion of overseas consumer-to-consumer platforms, efforts to strengthen fresh food offerings and the introduction of a shopping AI agent. Brokerages expect strong growth to continue this year.
