JARLF - Jardine Matheson Holdings Limited Is Increasingly Attractive But Not Yet A Clear Buy

2024-05-17 16:59:03 ET

Summary

• Jardine Matheson Holdings Limited has become more attractive as an investment, trading more than 40 percent lower than when I last covered the stock.
• The company has a diverse portfolio with holdings in various sectors and regions, across Asia but retains high exposure to Greater China, Hong Kong in particular.
• The stock trades at a considerable discount of about 40 percent to the sum of its parts.
• Jardine Matheson has a relatively high exposure to the automotive sector and is especially reliant on the Mercedes-Benz brand.
• The company has a track record of reliable and stable dividends and currently offers a dividend yield of around 5.6 percent.

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