Jardine Matheson

Jardine Matheson: +5.4% to US$56.28, the best performing STI component after tapping a 52-week high, while Jardine Strategic is up 4.2% at US$34.30, the second-best performer, also tapping an all-time high. Analysts note that from a valuation perspective, the companies have been underperforming for awhile nowbut investor sentiment is turning more positive. Add that traders may want to get exposure to Jardine C&C which holds higher-growth Astra. C&C is relatively cheap, but the holding companies are trading at such deep discounts. Matheson's July 2011 peak at US$59.00 likely offers a near-term cap. Strategic's intraday high of US$34.95 may offer a short-term cap.