Jardine Cycle & Carriage is one of the leading bluechip Singapore listed company and a member of the Jardine Matheson Group. It has an interest of over 50% in Astra, a premier listed Indonesian conglomerate, as well as other motor interests in SEA.

This is a company which has yields over ROE > 20% in the past 5 years and a nice dividend yield of about 3.9% at current price. EPS for FY2012 has dropped about 4.2% from previous year because of weakening Rupiah while forward EPS are expected to drop further by 8% in FY2013 (again because of weakening Rupiah). The question remains on whether valuation is attractive now as price has fallen from the 52 week high of $56.00 to a recent 52 week low of $31.50. As Rupiah continues to weaken, price could falls further and this could be a good grab at ...