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[Alpha Biz=(Chicago) Reporter Kim Jisun] According to the Korea Exchange on the 22nd, Naver's stock price closed at 204,500 won, up 0.99% from the previous trading day. Naver's stock price has risen from 180,000 won to 200,000 won over the past month. The rate of increase this month is 9.12%.
The rebound in stock prices is attributable to the influx of buying by institutions and foreigners. Institutions and foreigners bought Naver shares worth 30.5 billion won and 59.7 billion won, respectively, this month. It is completely different from last month's 30.2 billion won and 129.8 billion won selling advantages. Individuals have sold 89.4 billion won worth of profits this month alone.
Good performance also played a part. Naver's consolidated sales in the third and fourth quarters were 2.4453 trillion won and operating profit was 380.2 billion won, up 18.9% and 15.1%, respectively, from a year earlier. Both sales and operating profit are quarterly highs.
The shareholder return policy and the success of large-scale overseas orders are also positively evaluated. Earlier, Naver decided to incinerate 305.3 billion won worth of treasury stock, a total of 1,644,491 shares. In May, the company announced a plan to incinerate a total of 3% of its own shares every year for three years.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
