저자: VijayKedia—인터뷰진행자제외 · 외국인
요약 보기
인도 투자자 Vijay Kedia가 인터뷰에서 성장 섹터 투자 방식을 설명한다. 그는 이미 크게 오른 섹터보다 상승 초기 또는 부진 후 회복되는 종목을 기다렸다가 매수하는 방식을 강조한다. 예시로 기차를 떠올려 중간역이 아니라 시작점에서 타고, 여유 있는 시점에 올라타는 것이 낫다고 말한다. 에너지와 EMS 등 최근 급등한 섹터는 신규 상장 기업이 늘어나고 있어, 그는 섹터가 많이 오른 뒤 뒤쫓기보다 신규 상장 흐름을 지켜보며 진입 시점을 고르라는 입장이다. 인프라 섹터에 대해서는 주가가 고점 대비 크게 낮아진 상태에서 수주잔고가 늘고 있어 긍정적으로 본다. 대형 건설사부터 소형사까지 수주 공시가 이어지고 있다고 언급한다. 다만 정부 발주 대금 지급 지연 등 사이클상 현금흐름 리스크가 있다는 점을 단서로 붙인다. 그는 인프라 없이는 인도 발전이 없다며 장기적으로 이 섹터가 좋은 성과를 낼 것으로 본다. 구체적인 종목 추천은 하지 않으며, 개별 종목은 스스로 판단하라고 강조한다. 언급된 종목은 대상 자산 목록에 해당하지 않는다.
다듬은 글
know Namaste K hi research analyst with us covers a lot of the and [laughs] a bit which is exciting to Vijay Kedia yes Namaste Kedia ji sir you were saying that we should look at sunrise sectors because its exposure in Nifty is very less at this point of time but like you talked about websol, talked about energy but we have also seen a lot of run up in those sectors like in EMS also that run up had become very high in two-three years.
So how do you evaluate opportunities when that sector moves a lot or specific stocks in it move and the exposure is still very low. For example, there were very few companies in EMS, where now we are seeing that in energy also, there have been recent listings. So how were you evaluating the opportunity, whether to jump in too quickly or wait a while.
Let us see how new companies are getting listed in that sector. So how do you evaluate that opportunity? So what I tell him is my [sound of clearing throat] method and as I have said many times before that any athlete who has made a record in the past and when he falls ill or is out of form, then I keep an eye on him and I wait to see when that athlete will turn around and then I invest money in him.
So many times I keep waiting for it for years and usually I give an example like this, suppose there is a train, it is going from Church Gate and suppose it is going to Virar or further, then I will not catch that train at Borivali, I will try to catch it at Church Gate only and when a new train is starting, when it is standing still, only then I will try to board it, I will not catch the 5:30 train at 5:30, I will try to catch it at 5:00 or 5:15 so that I get a window seat, I will not travel standing on my footboard.
? Tell me the truth. When was the last time you did it while on a train ? Yes, the one you described at Church Gate Virar, when is the last time you went there ? Now, I had not seen Gandhiji like this, but I do give him an example [laughs]. It is not that I cannot give an example of him. [laughs] I just did that , I just saw the moon, let me give you this example.
giving such relatable and down to earth examples. But I was just wondering when was the last time Vijay Kedia ji travelled about shares. First of all let me tell you one thing that we have taken the names of the shares like Vepsol Kwkil, I am not asking you to buy it in this book, brother, do your own thing in it, all the expensive shares are in it, so think about it yourself brother, do n't search for me later, don't search for my number that I said, I am not there, so infrastructure seems to be one such sector which is tired because you see, from above you are getting everything in them at 1/3 price and that is one for this and secondly their order book is increasing, you will see in every infra company, from Larsen Tabu to the smallest one, Larsen's announcement will also come.
We got orders in the category of Rs 2500 to Rs 5000. Even small companies get orders worth Rs 200, 400, 500 crores every day. So, I feel that these companies and this sector are going to do well in the future. But there is a problem with everything in these too. In these also, please understand that their working cycle, payment cycle , so it was found that it was distributed in bicycles and sarees.
Madam, we have not received anything, cycle, saree, why are you looking at me? Hey sister and niece, you do not come under that, no, I, sister and niece, niece, I am not a recipient of the government's largest and only those who deserve it and need it should, or of course, I did not say it just for fun, what I mean to say is that when the government distributes the money, then there is a delay in the projects etc., which we read in the media, it is like this, so there is a caveat in them too, but I feel that without this sector, I always say that India does not develop.
There will be no development without infrastructure. So this should be fixed. We are ok.
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