[투자노트] Seohak ant, how about Exxonmobile other than Tesla?

Input 2021.01.25 08:44 | Revision 2021.01.25 09:32

‘Seohak ant (domestic individual investor investing in US stocks) = Tesla’ is now official. According to the Korea Securities Depository, at the end of last year, domestic private investors invested $7.84 billion (about 8,663 billion won, 10.8% of the total storage amount) in Tesla, a US electric vehicle company. As of the 22nd, the value of Tesla stock holdings of domestic investors exceeded $10 billion, exceeding $10,33,000 (about 11,396 trillion won).

Seohak Ant is increasing the amount of stock purchases when Tesla’s stock price exceeded the highest price of $880 (as of the 8th) in the new year. At the end of 2019, the value of Tesla shares held by domestic investors was $140 million, and the amount of shares held by domestic investors increased 73 times in about a year.

Seohak ant, who is already in Tesla’s car, will smile, but there are still many investors who look only at Tesla and roll their feet. Tesla’s stock price rose by about 20% from the end of last year to the 22nd, but it is not easy to climb. This is because there is still a constant’Tesla overvaluation controversy’ on Wall Street. From a traditional investor’s point of view, the stock’s valuation value is determined by financial indicators such as PER (P/E), but Tesla says it is a PER of 100. It means that you have to hold 100 years to make a decent profit with Tesla.

However, in the financial investment industry, there is also a story that “It’s not just Tesla.” A researcher at a securities firm (analyst) said, “The price of Tesla has risen, but rather than greedy Tesla, it is a good idea to find other foreign stocks.”

In the industry, Exxon Mobil, the largest oil refinery in the United States, is emerging as a good investment destination. According to the US economic media CNBC at the end of last year, 35 out of 100 people, including chief investment officers (CIOs), fund managers, and professional contributors of major US investment companies, are promising investment destinations for petroleum company Exxon Mobil among Tesla, Amazon, Apple, Exxon Mobil, and Bitcoin. I picked it the most. It is the’splendid return’ of Exxon Mobil, the largest company based on the 2013 market cap.

On the 11th (local time), Morgan Stanley, an investment bank in the United States, recently raised its investment opinion on Exxon Mobil from’Neutral’ to’Buy’. As the target price, we presented $57, which is 20.17% higher than the stock price ($47.43) on the 22nd.

Morgan Stanley predicted that ExxonMobil will be the beneficiary as the economy is rapidly entering a recovery phase with the supply of a new coronavirus (Corona 19) vaccine this year. This is because the global oil supply and demand are gradually tightening, oil prices are rebounding, and the outlook for petrochemical products is improving. Morgan Stanley predicts, “This situation will support all of ExxonMobil’s business units to deliver past levels of profits.”

Lee Jae-man, a researcher at Hana Financial Investment, also predicted that if market interest rates rise, stocks with a high proportion of tangible assets such as Exxon Mobil will receive attention rather than stocks with a high proportion of intangible assets such as Tesla. According to the researcher, Tesla’s intangible assets are 98% of its market cap, but ExxonMobil’s is only 9%. According to an analysis, if the economy recovers after the spread of the corona vaccine and market interest rates rise, the stock price of traditional energy companies such as Exxon Mobil is likely to rise more than Tesla, which has many intangible assets.

Dividend income is also a bonus. ExxonMobil’s dividend yield is close to 8%, which is also enhancing investment appeal. In order for ExxonMobil to pay its current dividends, the price of Brent oil from North Sea must remain above $49 per barrel. Brent oil has been trading at around $55 a barrel this month.