52 wk high stocks

52 wk high stocks: The Edge identifies stocks which has nearly reached despite recent Euro crisis, namely STX OSV, M1, APB and interestingly Jardine Co’s, Petra food and Lippo Mapletree Indo REIT …..

We note a similarly pattern between the later 3, with all 3 recent highs being driven by their Indonesian operations. For Jardine grp, sentiments has been boosted by Astra Intnl (subsidiary) who saw record high motor cycle sales in Indonesia, while CLSA sees further upside on RNAV of grp, driven by HK Land….

While Petrafood claims to sell one out of every 2 chocolate bars purchased in Indonesia. (Ytd, +13.1%) Lippo Maple Tree Indo REIT has also reached a 52 wk high (+14.1% ytd), with Colliers noting that no fresh supply of retail properties in Jarkata in 4Q19. In fact, supply of retail property in 2010 less then 2009. OCBC note that Indonesia offers abundant potential for retail business, given a population of 200m, fast growing economy and strong domestic consumption.