SINGAPORE (Dec 9): Deutsche Bank is initiating coverage of Jardine Strategic and Jardine Matheson with a “buy” and “hold” respectively.

With an under-leveraged balance sheet, secure cash flow and regional operations, the Jardine group is well positioned in an environment of challenging growth across Asia, says Deutsche analyst Kevin Chong in a Monday report.

Chong said these conditions create M&A opportunities which the group has a knack for exploiting.

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