Jardine Matheson Holdings

Conglomerate with exposure to greater China and Southeast Asia. Basically it’s an ETF that holds dairy farm, Jardine c&c, Hong Kong land, mandarin oriental, astra and other non listed business. It is widely diversified and take part in Everyday business which a typical economy will need such as retail property automobile finance construction hotel etc. Pays a decent dividend out of its cash flow. Current yield is 3 percent and historical trend points to a growing dividend policy. Price is corrected from recent high. Trading at below book value. 40B market cap. Not easy to fail since it is prudently managed. There is some debt but not so high. If want to buy a Jardine company, this should be the one to go.