2-1
ϰ ִ 鿡 Ǯϴ. Ư ŷ ߰ ʴ ϴ.
<ſ>
1. 3 ؼ ø( : 2,000 -> 2,200 -> 2,450 -> 2,750) ڶ Դϴ. 10% ø ߴ 2016 6 ѿ ؼ ǥ ݿ å 3 ѽ Ǵµ, ٸ 2 ؼ 10% ÷ ߾ϴ. ǥ (ߴ η繶 亯 ƴ) Ϸ Ѵٴ ־ϴ. Ȯ ƴϾ ȸ 濵 帳ϴ.
2. 4 ʿ 濵 ȸ ־µ, 濵 忡 (ü)ǿ ſ ϴٴ ־ϴ. Ȱ 1 Ѵ ڱںδ ϴٸ ( ) ǻ翡 ڱ ־ Ҹ ǻμ Ͽϴ.
ȭ ŵǸ鼭 ̹ ȸ迬 þ ȮԿ ִٴ ҾȰ ߽ϴ. 1ð ȭ ߿ ̹ ÷־ ڴٴ ٶ ʳ 巯 Ǿϴ. ֵ ̹ 10% ϰ ġ μ ġڸ õѴٴ ø ٶϴٴ Կµ, ϰڴٴ 亯 ־ϴ. ᱹ 2,450 -> 2,750 12.2% Ǿϴ.
3. â 濵 ؿ ִ ǻ̸ ݵ ǥǴ ġ ǻ Ը ǻμ ( Ȯ忡)Ѱ谡 ֽϴ. ǻ Ŀ ߸鼭 ݵ Ǹſ ڻ ξϴ.
̹ ǻ ߿ ϳ ߽߰ϴ. <İ 繫 >ε. ŷڸ Ưȭ ϰ ִ Family Office, Heritage Service / ڻ , Ź Ź ڻ°輭Դϴ. PB(Private Banker) Ͽµ, ̷ <ſ> Դϴ. о߿ ˴ϴ.
PER: 6.3 / PBR: 0.44 / PDR: 4.9%, 5.6%(켱)
<ڿ>
1. Ϲݱ Ǵ 5Gڿ 밡 Ůϴ. 4G ڰ ־ 2013 þ ʰ ֽϴ.
2. ðѾ 750︸ŭ ϰ ֽϴ.
<Ȧ> ð ϴ ٸ ð ü 强 ٴ 簡ġ û ΰ ŷǰ ֽϴ. – ٸ ۷ 6 20 ߴ Ϻθ űϴ.
2015 5 ó ż ̵
1. (Ư ڻ갡ġ ): PER 10 / PBR 0.3
2. : 2003 1,000 ̻ Ͽ ̻
- 2015 ø ʾ 2016 2015 250(20%) ø 1,500
3. 强 - ȸ or ɼ
- ġ ΰ ִ ˸ / ٸ ð
4. - ݸ Ա ݸ ݵ忡
- ؿ ݵŹ : 5õ / 13.5%̻ ͷ 5Ⱓ - 80 ڼ
5. öȸ ͺ並 2020 600 Ѵٴ ǥ
- ð: 160 + Ż: 140 + 췮 ȸ: 300 (2017 3 22 )
2018 1 ż 2/3 ŵϰ 1/3 ϱ
1. ż 5 2020 600 Ѵٸ ְ
2. õ ɼ ϴ ŭ ż ° ż
3. ְ 3.5% ̻ ͷ 1, 2 ٸ ֽϴ.
ðѾ 1,750ﺸ 2,000 ̻ ڻ ϰ ݸ ǰ ϴ ڱݿ ܼ شȭϰ ֽϴ.
PER: 7.8 / PBR: 0.27 / PDR: 3.7%
<߾ӿʺ>
1. ϰ ִ ε ġ ŷԴϴ. ðѾ 316ε, ε ġ 1,000 ̶̻ ⸦ ֽϴ. ΰ ð ݿ ϴ ǥ Դϴ.
2. ⿹ ݸ ͷ 鼭 ε꿡 ߴٴ Ѻ ֽϴ.
PER: 19.7 / PBR: 0.70 / PDR: 2.6%
<KCȦ, KCƮ> ǥ ȯַν 强 ο ΰ Ͽ 1б ũ ְ ϶ ϰ ֽϴ. 2005~2007 û Ȱ ̾µ, 츲 ִ ڴٴ ƴ ϰ Ƽ մϴ.
<> ֽĽ̶ ֽ Ѱ? ϴ մϴ. ȣ̵ ̵ M&A ְ ʴٴ ̴ϴ. ̷ 縸 ƴմϴ. 4 Ȳ ø 翡 κ űϴ.
4 å ߿ Ż īڽ , [Ÿֿ̹ ġ Active Value Investing in 2007] ֽϴ. 鼭 ̸ ſ ۿ ŵ鶰 ʾ û ȸߴ å̱ ѵ. å ڰ ϴ ִµ, κ д ° <> ϴ. 켱 å 信 κ űϴ.
忡 ִ. ̶ θ Ͼ ߸ ǹѴ. ⼭ ߿ <θ> <߸>̶ ̴. <θ> ְ ġ, <߸>̶ ȸ ش. ܼ ֽ ̸ ֽ 缭 Ǵ ﰢ Ǵ θ ˷ ٸ, е ִ .
ġ ( ) ֽϴ. ǻͷ ֽ ŷ , ü ϸ鼭 δ ̷ ʽϴ. ŷ 繫ǥ ؼ ֽ 鼭 (BM) ؼ ̾ϴ. ѿ ؼ 濵 Ǿϴ.
濵 1) п ߸ ϴ ƴ ǹ ƴ϶ Ͱ 2) ü ִ ȼ ۿ 3) ´ ϰ ʴٴ ־ϴ.
濵 Ϲֿ οٴ ҹ µ, ( 20% ) Ϲֿ ȣ ϴ. å 濵 ϴ Ը /븮 ľϴ ̹ ϱ ѿ Ƿ Ȳ Ƹ ֽϴ.
ٳ ÷Ȱ ʰ ִ ݵ(ģ) ı ° Ǿϴ. ̶ Ȯ ʿ䰡 ְڳ. ۷ ΰΰ Ÿ ʾ ϴ ٶ ˴ϴ^^
ڻ 1,017,030( ֽ 31.8%) 25,200 ǥ ϴ. ڻָ ðѾ ξ ϰ ִ ϴ.
* ðѾ: 805 (ڻ : 548)
* PER: 5.17 / PBR: 0.75 / ͷ: 4.3% / : 659
2018 1б ߽ϴ. 52 ϸ鼭 ְ ſ ǥ Դϴ. ðѾ 512ﺸ 660 ϰ ֽϴ.
PER: 4.8 / PBR: 0.70 / PDR: 4.6%
<ϱ>
1. 2009 Ⱘ ̾ ־µ, 2017 1б ̷ 2017 ̾ϴ. ľ ɷ ǥ ε, 2018 1б ̷ 븦 ũϴ. п ְ ϶ϰ ֽϴ.
2. 10 ̻ ֽĹ 5% ϰ ִ ݹ ȸϴ ̶ ݹ縸ŭ ֽĹ ȣϴ Ʈ ϰ ִ Դϴ.
3. 2016 2017 ڰ 14(147->161) þ Ϳ Բ ִµ, ȸ翡 ū ǹ̸ ϴ± OTL
4. ðѾ 456£ ݰ 414 ݼ ڻ ϰ ֽϴ. <> ƴ ȸ ڸ ܼ ø ϴ Դϴ.
PER: 6.3 / PBR: 0.72 / PDR: 0.3% ֽĹ: 5.0%
<>
1. Ϻ 췮 Ŀ üԴϴ. ǰó ڵ ְ 90% ȯ ϴ.
2. ū ƴ ϴ ̸ 2016 500 ø鼭 缺 ϴ.
3. ðѾ 850£ 415 繫 ͷ ´ Դϴ.
PER: 8.6 / PBR: 0.68 / PDR: 5.0%
<̾> 6 15 ѿ ߴ Դϴ. 濵 谡 ȸ Ǿϴ.
: ۳ ̾ 2 ؼ ٳԽϴ. 9ÿ ߱ ־ ѿ ϴ ٴϴ 10 40п ߽ϴ. VS ǰ ġ 亯
1. ä 126 -> 218 ѵ 9 ʰ 22̳ Ǿ ִ Ȯ
- տ 찡 ݾ ȸ Ǿϴ.
- ϱ νä ʴ´ٰ Ͽϴ.
2. Ѵ. 275 ε ڼ 4 Ǵ ݿ ƽ.
- 2~3 ø ִ ˰ 츮 ϰ ϴ ǥ ϸ մϴ.
2-1. ٸ ø ּ.
- ۳ (1/3) 缺 ÷ ־ մϴ.
- ( ÷) ̶ ø ϰڽϴ.
3. <> , ۳ پ
- ʴ ƴϰ δ δ Ŭ ־ ͼ ؼ մϴ.
- ȸ ħ ( 20~25%)40~50% ǥ մϴ.
4. ؼ ̶ ǥ̻ ǰ(/ɷ/µ/ ) ϴ Ůϴ. ǥ̻ ִڿ ȭ ߰
- 150 ä Ǵµ, ǥ̻ ü ߿ 7~8 ϴ.
- ɾ ȸݿ մϴ.
- ǥ̻ ߱ ̿ؼ մϴ.
, ӱ 缱 Ȱǿ , ø ָ ǥؼ ־ϴ^^
5. ȸ 12% þ ڸ 10% þ 200Դϴ.
- ڻָ ðѾ 300 ణ Ѱ äǿ 뷫 ðѾ ݰ 300 ..
PER: 10.5 / PBR: 0.70 / PDR: 4.3%
ݱ⸦ ϴ 6 뺸 ŭ ϰ ִ ݵ ͷ Ȳ ϴ. ڻ ͷ 9.0% 5.7% ϶ Kospi ؼ 14.7% ͷ ֽϴ. ӰԵ ۳ 6 ͷ + 9.0% ѵ, ۳ 1б + 0.3% -> 9.0% ͷ þ Ϳ ش 13.2% -> 9.0% پ ʽϴ.
ݵ(ģ) ݵ(Ƴ)ó Ÿϰ ٸ ֽ Ҵ ݵ ͷ ȭ ϴ.
< ݵ庰 ͷ>
|
2017-12 |
2018-03 |
2018-06 |
Kospi |
2,467.49 |
2,445.85 |
2,326.13 |
- |
|
-0.9% |
-5.7% |
Kosdaq |
798.42 |
871.09 |
818.22 |
- |
|
9.1% |
2.5% |
ݵ |
2017-12 |
2018-03 |
2018-06 |
Fund(1ȣ) |
|
12.8% |
8.0% |
Fund(B) |
|
11.3% |
7.9% |
Fund() |
|
10.8% |
6.6% |
Fund(Ƴ) |
|
13.6% |
8.8% |
Fund(1) |
|
16.0% |
12.0% |
Fund(2) |
|
19.4% |
14.1% |
Ѿ |
|
13.2% |
9.0% |
Fund(ģ) |
|
12.4% |
11.4% |
Fund(BB) |
|
16.8% |
14.4% |
å ϴ ִ ٵ Ʈ ϳ ߽߰ϴ. å д ̸ Ű ϴ ̷ Ʈ ٵ. å, [David and Goliath] ܾ µ, ʰ ġǾ. Ʈ ī [λ] 鼭 2014 3 14Ͽ Ű ҽϴ.
渮콺 ø ο , ֽĽ ư ־ ̶ Ǿ 2018 ݱ⸦ ϴ ۷ ︮ڴ ; űϴ. ġԳ ںϸ鼭, ó ʴ ֽĽ õ ϴ Դ ̾ [ м] 鼭 ù ο ȣ̽ ÿ Բ ϳ մϴ.
ϴ ,
̷ ߴ ̳
ڴ ̹ ̰,
ڴ ʾϱ.
Ѻǿ ߸
̷ ؾ ̳.
Ʋ ø
ſ .
ڷ ̳ʽ Ƽϴ. ̤̤̤̤̤̤̤̤
ڴ ̴ ȵdz
6 7 װ ƴϸ 8 . .. ֽ ٺ Ͼ ǽġ ʽϴ.
dz ۵ǰ.
ݰ Ե ǰϰ ñ ٶɴϴ.
.. ƽôٽ 1б Ư Ȳ ־ Ű.. Ű ֽϴ. ϱ ֽ ÷ ū ̴ϴ. ô ŭ ɷ Ÿ ʰ ϼ~