Jardine Strategic

[millionairemind]

Not vested. End of the world coming. Up 1.7% !

Jardine PPT in action..

[winston]

This counter really super ...

The whole world dropping but this one up 3% ....

[winston]

Jardine Strategic ST: above its upper Bollinger band <JSH.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/JSU ... 015125.gif

Our pivot point stands at 24.5.

Our preference: the upside prevails as long as 24.5 is support.

Alternative scenario: the downside breakout of 24.5 would call for 23.6 and 23.

Comment: the RSI is above 50. The MACD is above its signal line and positive.

The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 24.84 and 24.09).

Finally, Jardine Strategic is trading above its upper Bollinger band (standing at 26.08).

Jardine Strategic is currently trading near its 52 week high reached at 26.36 on 15/09/10.

Supports and resistances: 28.7 *28.1 **27.5 26.36 last 24.9 24.5 **23.6 *


Source: Reuters

[winston]

Not vested

*DJ Jardine Strategic Target Raised To US$31 From US$30 By CLSA


Source: Dow Jones Newswire

[winston]

Not vested.

Up 2% on no news.

Looks like someone does not want the STI to drop that much.

JMH is up 1% on no news either

[winston]

Not vested

Up 4.7% on no news.

Another counter that somebody is using, to push the market up ?

[winston]

Not vested

Jardine Strategic Holdings Ltd announced that 1,000,000 ordinary shares of Jardine Strategic Holdings Limited were acquired in the market by JMH Investments Limited, a wholly-owned subsidiary of Jardine Matheson Holdings Limited, on 6th April 2011. The price paid per share is US$27.60.

[winston]

Not vested

The following notification dated 27th May 2011, in respect of Jardine Strategic Holdings Limited was lodged with the Financial Services Authority in the United Kingdom today:

JARDINE STRATEGIC HOLDINGS LIMITED
SHARES PURCHASED BY JARDINE MATHESON HOLDINGS LIMITED

The following ordinary shares of Jardine Strategic Holdings Limited (JSH) were acquired in the market by JMH Investments Limited (JMH), a wholly-owned subsidiary of Jardine Matheson Holdings Limited (JMH. JMH is a subsidiary of JSH.

Date of purchase: 27th May 2011
Total number of shares purchased: 100,000 shares
Price paid per share: US$29.2477

[winston]

Not vested

Jardine Strategic offers discounted exposure to Astra International and at a much lower beta.

We reiterated our positive view on Indonesia's biggest listed company.

During the last few months Matheson has outperformed Strategic by some margin and hence opportunistic investors could look to accumulate Strategic as a catch up play.

Liquidity/control and higher dividends however leads us to continue to prefer Matheson, we rate both Outperform.


Source: CLSA

[winston]

Not vested

Valuations and risks:

JM/JS are trading near their respective historical averages, but they still represent cheaper alternatives to directly investing in their relatively more expensive subsidiaries.

After MTM its listed subsidiaries since our last update (May 2011), NAV for JM/JS has risen by 5%/6% to $74.9/$53.9 (from $71.6/$50.8).

Based on historical average discounts of 20%/39% for JM/JS and rolling over to Dec-11, our PTs for JM/JS have accordingly been raised by 5%/6% to $60/$33.

A key upside risk is unexpected group restructuring. Key downside risks are unfavourable currency movements and liquidity tightening in Asia.

Source: JPM