RE: >>> I added a few shares of JMHLY @50.4$ today as well. I am aware of the challenges with respect to Indonesia (JC&C and Asta) but both stocks are up ~20% from their lows in Sept., probably because of the measures you cited, while JMHLY is down ~5%. So it seems that the discount to NAV has increased, which should bode well for value conscious buyers.
I appreciate the color you are given for JMHLY, but having very little direct Asia exposure except JMHLY makes this easier for me to buy into, despite headwinds. I simply use JMHLY as a proxy for emerging market exposure / southeast Asia, as the stock is cheap and they are good operators. I think it is a little bit like buying BRK @70$ two years ago, when insurance stocks were in a funk, and BRK was not given any credit for the industrial and RR ops, that were doing fairly well. I think JMHLY over the long run is as good of a stock than BRK. I could see me making this a much bigger position, especially now, when the stock market is not exactly brimming with bargain offers.
Thanks for the insights. Agree JMH is good too, assets also very different for the larger JMH entity. Why not JSHLY?
Let me know if you have any specific criteria, I may have some Asian companies to chat about. Opportunities not many but there are some in between... |
