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Strategies & Market Trends : Asia Forum

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To: Worswick who wrote (324)1/2/1998 3:19:00 PM
From: Stitch  Read Replies (3) of 9980
 
Worswick,
Sankar asked for a "blue chip" and the one I like is Sime Darby. I like them for a lot of reasons: Healthy balance sheet, clobbered recently with all the stocks in Malaysia, large diversified holdings (340 companies in 20 countries), will do well in the banking/credit crunch here as they pick up some banks in consolidation moves later this year (IMHO) and emerge stronger, are well positioned in some technology plays, have solid holdings in extractive and agricultural industries, and finally, are currently trading at 10 times earnings. Its the kind of company that gets beat down first in the flight and remeerges first when sensibility and recovery begin to show.
Best,
Stitch
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