This Friday (NYSE:RACE) at Singapore was demanding for the drivers and crew. It was a long very humid day until Sunset, with the 2nd free practice session ending at 10.00p local time.
Sebastian Vettel ended the day 3rd fastest, Charles Leclerc came 6th. The 2 sessions were very busy as, on Top of their usual stuff, the crew had to change the gearbox on Charles’ car in between sessions.
FP1/FP2. As usual, the lap times came down in the 2nd session and Sebastian and Charles got through their planned program. They each did 31 laps to end up 3rd and 6th. Seb’s best lap was a 1’39”591, while Charles did a 1’40”018. In the second part of the session the drivers worked on race simulation, trying the various tire compounds and different fuel loads.
Between them the 2 SF90s posted 35 laps. Seb and Charles began on the hardest compound tire posting times of 1’44”479 and 1’43”618 respectively. After their 1st runs, new parts introduced for this race were fitted and evaluated. Seb went out on the softs, setting a 1’40”426, 2nd fastest time of the session, while Charles had to pit with the aforementioned gearbox problem after just 12 laps. Seb did 23. With the gearbox changed in between sessions, the team was able to investigate the cause of the malfunction.
The final FP hour takes place tomorrow evening at 18.00 local (12.00 CET) with qualifying getting underway at 21.00 (15.00 CET.) The twelfth Singapore Grand Prix begins at 20.10 (14.10 CET.)
Sebastian Vettel #5: “Hungary is the reference circuit for this track but today is maybe not the right day to compare and tomorrow will be a lot more straightforward. It was not the smoothest of Fridays for us and I think there is still a margin for improvement on the car. However our rivals look very fast, certainly faster than us.
The soft is the tire we do not use so much, it has greater grip but does not last so long. Today was not that bad and the medium tire was not much better. However, tomorrow we focus on the softs and when it comes to the race, as usual here, we will all be trying to survive on just 1 stop and manage the race.
As I said we can still improve, because the car is not yet doing exactly what I want, and in terms of balance we know where we can find some lap time. All the new parts that we brought seem to work, so let’s see how close we can get tomorrow.”
Charles Leclerc #16: “It was a rather tricky day on my side. We had an issue in FP1, so we could not complete as many laps as we had planned, which was unfortunate. In the 2nd session, I did not feel fully comfortable with the car balance or the track yet, and I think that there is also quite a bit of lap time to be gained by me improving my driving.
We will analyse the data and make sure that we take a good step forward for tomorrow. Coming to Singapore, we knew that our competitors would be strong and that it would not be the easiest weekend for us.
But it is not finished yet. We will give our all to come back stronger tomorrow.”
We will be watching to see what will happen under the lights this year…tune in.
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Neutral to Bearish, overhead resistance is at 155.47 and support at 155.05 as 1 Key indicator has begun flashing Very Bullish in here. Ferrari finished at 152.08, -1.54 Friday in NY.
Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published last month, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback since July 16 has provided good entry point in here.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame
Tune in here.