NAVER, Prospects for Sustainable Growth in All Business Sections (SK Securities)

SK Securities predicted on the 22nd that NAVER will continue to grow evenly in all business sectors.

The investment opinion was 'buy' and the target price was 520,000 won, respectively.

"Naver's third-quarter operating profit rose 26.9% year-on-year to 1.7273 trillion won, and operating profit rose 19.9% to 349.8 billion won," SK Securities said. "It recorded the largest operating profit in the quarter and lived up to expectations.".

"Commerce sales increased 33.3% year-on-year due to strong smart stores and shopping lives," SK Securities said. "Sales in the FinTech sector, where Naver Pay payments increased due to the expansion of affiliates, and monthly webtoon transactions increased by 38.9% and 60.1%, respectively, compared to the same period last year.".

"The direct impact of the regulations recently discussed on NAVER growth is expected to be limited," SK Securities said. "If the regulation is finalized, the direction of growth will become clear and will be resolved due to uncertainty.".

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com