0402 GMT - Naver's share price appears to have room to rise despite its recent rally, HSBC analyst Junhyun Kim writes in a note. The South Korean internet-platform giant's stock has surged 39% since a low in September, outperforming the benchmark Kospi's 1% gain over the period, Kim notes. Still, its solid gross-merchandise-value growth and new commission-fee structure support the stock, Kim says. Naver's plan to charge fees for all transactions on its Smart Store and Brand Store platforms from June can generate a commission-revenue increase, he adds. HSBC raises its target on the stock to KRW300,000 from KRW290,000 and keeps a buy rating. Shares are 0.7% higher at KRW214,000. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 12, 2025 00:02 ET (04:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。