The ASX 200 has a number of quality blue chips to consider for your portfolio.
I can understand why investors want to stick to investing in blue chips, they are usually well-known businesses with a fairly reliable history to give shareholders confidence to hold for the long-term.
These are two ASX 200 blue chips I'd happily add to my portfolio at some point:
Crown Resorts Ltd (ASX: CWN)
Crown is Australia's largest entertainment & gambling business with its large casino and hotel complexes in Melbourne and Perth.
Crown has a pretty consistent level of earnings year to year with its regular casino guests, as well as a good level of activity at its hotels.
There are two things in-particular that attract me to Crown at the current share price, which has fallen around 15% over the past five years.
First, Crown has an attractive partially franked dividend yield of 5% with the company currently committed to paying a 30 cent per share dividend every six months.
The other reason I like the idea of investing in Crown is that it will finish Crown Sydney within the next couple of years, which could be a major earnings booster for the bottom line when opened. It also plans to open another high-quality hotel at the Melbourne complex.
Crown is trading at around 20x FY19's earnings.
Goodman Group (ASX: GMG)
Goodman Group is one of Australia's largest property businesses. It's a global industrial business that owns, develops and manages real estate including logistics facilities, warehouses and business parks. Indeed, if you live near a major industrial estate in a major city there's a good chance it belongs to Goodman.
I am attracted to Goodman's global property portfolio. It manages property in the Asia Pacific region, across the UK and Continental Europe, and The Americas.
Its largest customers by net income, such as Amazon, are big and growing users of industrial warehouses. Logistics should keep growing as an industry. This is why Goodman has managed to increase its operating earnings year after year. In FY18 operating profit per security grew by 8.3%, which is pretty impressive for a defensive business.
It's currently trading at 24x FY19's estimated earnings.
Foolish takeaway
Both of these businesses are quality ASX 200 blue chips which I'd be happy to own in my portfolio. At the current prices I'm slightly leaning towards Crown because of the upcoming opening of Crown Sydney.
