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Opinions David Driscoll
Jardine MathesonJMHLYTOP PICKJan 15, 2016
David DriscollStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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In the last 3 weeks, stock's fallen a bit due to the trade imbroglio between US and China. About 25% of revenues from China. Indonesia is their biggest revenue maker, and that's why he uses it as a proxy for all of South East Asia. They have their tentacles everywhere.
Low volatility. With USD falling, emerging market stocks have really done well. So this stock's had a big pickup of 13% YTD. Yield is 5%, which grows roughly 5-10% each year.
US tariffs will hurt its construction and real estate business in China. If China improves, stock should improve. If not, stock will go sideways, and you collect the dividend while you wait.
A proxy for investing in Southeast Asia, tentacles in almost every country in that region. Lots of capital. Good credit rating. Dividend yield of 4.5-5%.
David DriscollEmerging markets are suffering as the USD has gone up. China announced stimulus package in September, and asked this company to get the Hong Kong economy rolling again. As a result, stock popped. Earnings not as bad as expected.
Still getting paid to wait, almost like a bond at 6%, and dividend grows every year. Still buying.
David DriscollMost revenues come from Indonesia, so the conversion from rupees to US dollars limits profits. 25% of revenues are in China, mostly commercial real estate. Other revenues are also in southeast Asia, also hurt by the strong USD. The dividend is safe and growing at 6.5%.
David Driscoll
Are exposed only 25% to China; rather, Indonesia is their greatest exposure where they collet revenues in the Indonesia rupee, but must show profits in US dollars. In the past year, the rupee has fallen then come back, but this isn't reflected in their earnings yet. It will in the next report. If interest rates fall, then the USD will and Jardine's profit will rise. The dividend grows 6-10% yearly (and could rise higher with a weaker USD), paying 5.5% now. It's like a bond proxy. Lots of room to buy companies.
(Analysts’ price target is $54.61)David DriscollIt has been in Hong Kong for 150 years. The Chinese political pressure has had a negative effect but the underlying performance has improved. It has a number of assets including the Indonesian ones with strength in mining. Buy 3 Hold 2 Sell 0
Darren SissonsDavid Driscoll
Darren SissonsDavid Driscoll
(Singapore exchange.) A gargantuan conglomerate that goes back to the 1600s. They do everything in South East Asia including hotels, restaurants, groceries, car dealerships, etc. In 2008, Hong Kong prices fell almost in half, and the stock stepped up to the plate and doubled their development position by buying up land in Hong Kong and developing it. A very underleveraged company with lots of room to make acquisitions if the South East Asian countries continue to suffer. A good stock to own for complete coverage in Southeast Asia.