JP Morgan - Astra International (ASII) and Tunas Ridean (TURI)

JPMorgan analyst Benjamin Lo launched coverage on Jardine Matheson and Jardine Strategic, both listed in Singapore. Both stocks rated Neutral, but quite easy to see the share price and earnings momentum behind these stocks, driven by domestic consumption plays Astra International and Dairy Farm. I personally think the re-rating of Asia’s consumption outlook is only half-done; the space is looking particularly attractive. For the more adventurous investors, look at Tunas Ridean (TURI IJ), the auto & motorcycle dealer / consumer financing company that is also part of the Jardines.