[THE INVESTOR] Mirae Asset Daewoo Securities on July 15 cut its earnings per share ratio for this year and 2017 by 17.6 percent and 17.7 percent, respectively.

It said this was mainly because Kakao’s latest online-to-offline business such as the Kakao designated driver service has yet to be reflected in stock prices. 


At the same time, expenses are expected to rise throughout the second and third quarters, further weighing on the messaging service’s profit.

The brokerage added that it would have to be at least 2017 before the O2O businesses are reflected in the firm’s performance.

By Kim Ji-hyun (jemmie@heraldcorp.com)