Delivery Hero shares on Thursday extended losses from the previous day.
After a setback of 3.1 percent on Wednesday, the price temporarily fell by a further 4.57 percent to 27.49 euros via XETRA. It fell to its lowest level since mid-November.
Analyst Jo Barnet-Lamb from UBS bank had drawn attention to possible problems on the South Korean market in a study the day before: The Asia News Network platform had reported on political efforts in South Korea to curb the market power of large Internet providers.
Barnet-Lamb viewed this as a negative for Delivery Hero. Their involvement, Woowa Brothers, is mentioned in the media report. This is no surprise, says the expert, because Woowa is the leading platform for food deliveries in South Korea and South Korea is also the largest market for Delivery Hero. In this respect, the news is not good for the mood for the title.
The Internet search engine Naver was also named in the report. The stock, listed on the Seoul Stock Exchange, lost 2.7 percent in the last two trading days.
/bek/mis
FRANKFURT (dpa-AFX)
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