Hyundai Motor Securities judged on Naver on the 14th that the impact of FinTech sales due to financial regulations is very limited.
It was also diagnosed that it should pay attention to differentiated platform values compared to competitors. The investment opinion was 'buy' and the target price was 600,000 won, respectively.
"The impact of fintech sales due to financial regulations is less than 5%, and the impact is very limited," Hyundai Motor Securities said. "In the case of alley business issues that are mentioned as additional regulations, their relevance to Naver's business structure is low.".
Hyundai Motor Securities predicted, "Naver recently decided to acquire a 36.08% stake in Moonpia for 108.2 billion won, and there is a possibility that it will become the largest shareholder with the possibility of acquiring an additional stake.".
Regarding Naver's grandchildren Zeppetto, cake and cream, "The main users of these three platforms are Generation Z, which is the mainstay of future economic activities, and are already globally distributed," Hyundai Motor Securities said. "We expect that the value of platforms that are differentiated from their competitors will be further reflected in the valuation.".
Reporter Lee Ji-sun stockmk2020@gmail.com