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Kakao: New Biz Turning To Profit In 2019 Is The Key

Summary

4Q18 results missed expectations.

Core businesses did well but the new businesses that the company hoped would provide fresh growth catalysts posted an operating loss.

Earnings fundamentals of core businesses such as advertising, content, and commerce are strengthening.

kakao

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: Hyundai Motor Company is a passive shareholder in our bank.