Home Ferrari F1: Ferrari’s (NYSE:RACE) Vettel Victorious, Leclerc 2nd at Sing. GP

F1: Ferrari’s (NYSE:RACE) Vettel Victorious, Leclerc 2nd at Sing. GP



“Sebastian drove very well on new tires and simply that’s racing – he was ahead of Charles.” — Mattia Binotto

This is racing…how it happened that Mr. Vettel took the Chequered flag and not Mr. Leclerc.

Sebastian Vettel undercutting Charles Leclerc with an early pit stop in Singapore was the Key to the German securing his first victory in over a year. But although the strategy left Saturday’s polesitter and early race leader Leclerc raging in his car, as he was left to come home 2nd, as Ferrari Team Principal Mattia Binotto explained after the race, Charles was simply a victim of circumstance.

That particular circumstance arose at the end of Lap 18, when Ferrari spotted Red Bull Racing’s pit crew already out of their garage, with Max Verstappen called in from P4.

Unable to call Mr. Leclerc into the pits in time, instead called Mr. Vettel, some 4 secs back, from 3rd place, then running in a fast out-lap to emerge in the lead after Mr. Leclerc’s stop 1 lap later.

I think when we stopped Sebastian at 1st, Verstappen was ready to stop so we had to protect his position,” explained Mr. Binotto after the race. “It was the best opportunity for us to try to overtake Hamilton and as well later on we would’ve stopped Charles and the pit crew would’ve been free for him.

That was the right time to stop Sebastian, no discussion. I think then when going out Seb drove very well on new tires and simply that’s racing, and he [was] ahead of Charles. We could not have stopped, at that stage, Charles. Because if you are leading the race you will not stop from 1st and it was simply the proper window for Seb.”

Finding himself unexpectedly behind Mr. Vettel, a Mr. Leclerc remonstrated on the radio, before being told to keep his head down. “My head will be down, I just want to let you know my feelings,” he responded. “To be completely honest, I don’t understand the undercut.”

After the race Mr. Leclerc told the media: “I obviously did not expect Seb to pass me and it was frustrating from the car, but I also completely understand that if this decision has been taken it’s for sure for the good of the team… The only answer I need really is that there was no other way for us to be first and 2nd in the same order before the pit stop. This is the only answer I need.

“I’m happy for the team anyway.”

After being spotted after the race explaining the situation to Mr. Leclerc’s manager, Nicolas Todt, Mr. Binotto went on to praise Mr. Leclerc’s attitude, calling his frustration ‘positive’ while comparing the situation to Belgium, where Vettel played the team game to help Mr. Leclerc take his maiden victory.

I told Todt that I know that obviously Charles is annoyed, frustrated which is positive, a positive attitude because if you would be a driver, that is the right attitude to have. But I told him that the scenarios were bigger and by the time that he will understand the picture and quickly understand the reason of the choice.

It’s important for me that he’s happy as well, happy for the team, it’s a 1-2. Obviously for him it’s a missed win but that’s… been the opposite maybe in Belgium. That’s all.”

Mr. Binotto would have been especially happy with the result in Singapore, given that it brought the 1st Ferrari 1-2 since the Y 2017 Hungarian Grand Prix, as well as their third victory in a row – while the stunning performance of the Ferrari SF90 at the high-downforce Marina Bay Street Circuit will also give the team confidence that they can chase down more wins in the remaining 6 races this season.

Ferrari is the Aristocrat of the automotive sector.

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 fram

Have a terrific week

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.