Jardine Group

Jardine Group: Jardine Strategic is down 4% to US$34.82 and Jardine Matheson is off 2.7% to US$59.38, the 2 worst-performing STI components on no specific news. The declines could due to profit-taking as the holding company discounts for the Jardine stocks may be getting tight and the move could be accentuated by their illiquidity. The Oct low of US$33.90 may offer near term support for JS while JM may find support around US$57.70.