▲ From the left of the photo, Hyun-jun Kim, CEO of The Public Asset Management, Gang Bang-cheon, Chairman of Asset Plus Asset Management, and Nam-woo Lee, a visiting professor at Yonsei University
[머니콕] It is the heyday of stock books. Seung-Hwan Yeom, Director of E-Best Investment & Securities (Yom-Bly)’s’Top 77 Most Wanted Questions by Jurin’ took the first place in the best-selling list for the week, and’My First Investment Class’ by Jung-Hwan Kim’s super ant, writer Min-Soo Park Sand Tiger Shark)’s’stock study 5 days completed’ tops the bookstore sales.
Even this month, the book publication procession of investment experts continues to attract attention. Kang Bang-cheon, chairman of Asset Plus Asset Management (‘Gangbang-cheon’s Perspective’), a living Shinhwa in the domestic stock investment industry, Nam-woo Lee, a visiting professor at Yonsei University (‘good stocks, bad stocks’) Kim Hyun-joon, the CEO of The Public Asset Management (‘rich people buy these stocks’), who showed off her tremendous presence in the entertainment program’You Quiz on the Block’, published stock books in succession.
Maeil Economy Moneycock briefly summarized the life stocks and promising stocks introduced in the’masterpiece’ produced by stock masters. Most stock enthusiasts praised the US stocks Apple, Amazon, and Tesla. Among domestic stocks, a number of stocks were discussed in a variety of ways, and in particular, high evaluation and positive predictions of Kakao, the powerhouse of mobile platforms, were common and attracted attention.
#Gangbangcheon’s perspective’Kakao Dow Technology’
▲ Photo provided = Gangbangcheon
Chairman Kang Bang-cheon picked Hanjin Express and Samsung Electronics’ preferred stocks as the most memorable stocks in his investment life from the recently published’Gangbangcheon’s Perspective’. Hanjin Courier made billions of billions of revenue by investing in the expectation that courier companies will benefit from the growth of TV home shopping. Samsung Electronics’ preferred stock was a successful investment case that awakened to the value of preferred stocks, which are traded at a bargain price compared to common stocks, because they do not have voting rights, although they are rather advantageous from the perspective of general investors due to their high dividend rate. He said that the current share of the market capitalization in the securities market (KOSPI) occupied by Samsung Electronics exceeds 20% and does not invest. The reason is the sense of mission and pride as an active fund manager pursuing excess returns (alpha) compared to the market.
The stock that Chairman Kang emphasized as a good stock several times in over 400 pages of books was Kakao. As a company at the center of the mobile digital network (MDN), the reason is that the future growth potential is endless. Among small and mid-cap stocks, he cited Dow Technology as a promising stock. The reason is that Dow Technology has a half stake in Kiwoom Securities with a market capitalization of more than 3 trillion won, and it is a company that consistently produces about 200 billion won in annual sales and about 40 billion won in operating profit, even if it excludes Kiwoom Securities.
#LG’s good stock’LG Household & Health Care Kakao’
▲ Photo courtesy = Namwoo Lee
Prof. Nam-Woo Lee worked as the first research center director at Samsung Securities in his mid-30s, gaining a lot of trust from domestic and foreign investors for his excellent analytical skills. His report, written in February 2000, that “the defeat of the ruling party’s general election is recognized as a restructuring retreat, and will appear as a result of the departure of foreign investors, will cause the stock market to become unstable.” He later served as Korea’s co-representative of Merrill Lynch, one of the three major U.S. securities firms, and the general sales representative of Torrus Investment & Securities, and is currently teaching financial analysis and industrial analysis as a visiting professor at Yonsei University Graduate School of International Studies.
As a representative of a foreign securities company, Professor Lee mentioned a lot about overseas stocks such as Tesla, Amazon, and Costco in his book. Among domestic stocks, positive evaluations of LG H&H and Kakao were remarkable. As for LG H&H, the outstanding CEO Seok-Yong Cha, vice chairman, cited as a case of successfully changing the constitution of a company. Also, regarding Kakao, he predicted, “Everyone who works at the bank will use Kakao Bank when making account transfers,” and that “traditional banks will lose their customers, brands, and profits to Kakao Bank.”
What caught my attention in Professor Lee’s book is the stock price prediction for Samsung Electronics, a large intestine. He said, “All analysts expect Samsung Electronics’ earnings to improve by 2022,” he said. “If we apply a peak price valuation of 12 to 15 times higher than in the past and multiply by 2022 earnings per share, the expected share price will be “93,600~117,000 won” he explained.
#Kim Hyun-jun’s life event’Samyang Ramen’
▲ Representative Kim Hyun-joon, who appeared in the Maeil Economic Daily Money Tour
CEO Kim Hyun-jun, who was born in Korea University’s investment club and founded The Public Asset Management through VIP Investment Advisory and Kiwoom Securities, is a relatively young investor in his late 30s who selects superior stocks through thorough analysis of bottom-up stocks without representative stocks such as Samsung Electronics and Tesla. He started the preface title of’The Rich People Buy These Stocks’, which he recently published,’For you who are blindly buying only Samsung Electronics stocks’. He said, “You can never get rich by buying only Samsung Electronics without sufficient preparation and study,” he said. “You have to know what kind of products the companies you invest in, how they make profits, and what strategies they are setting up.” He emphasized.
In this book, CEO Kim did not mention much about specific stocks in the case of domestic stocks, but explained Duzon Bizon and Samyang Ramyun relatively vividly as examples of successful investments. In the case of Samyang Ramyun, he talked about the stories of acquaintances that’Buldak-bokkeummyeon’ is delicious, and dramatically introduced the steps he took to understand the actual sales and performance. His advice is that even individual investors need extraordinary hard work and enthusiasm to succeed in stock investing, not just listening to others.
Among the’how to make money for the rich’ that he introduced, the most striking part was’burn, not water’. Ordinary individual investors try to lower the average unit price by buying more stocks when the stock price of an investment falls, but the rich are more confident and buy more stocks when the stock price of an investment rises, he added.
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