Jardine Matheson Holdings

DBS keeps 'buy' call on DFI Retail Group, flags higher probability of special dividend with lower than expected debt - THE EDGE SINGAPORE

Broker's Calls

DBS keeps 'buy' call on DFI Retail Group, flags higher probability of special dividend with lower than expected debt

'The current deleveraging trajectory also looks very promising tracking ahead of our expectations'

Results

Jardine Matheson’s 1HFY2024 underlying profit down 33% y-o-y to US$550 mil on weaker Hongkong Land contribution

JMH has announced an interim dividend of 60 US cents per share, unchanged from the prior year.
Jardine Matheson increases stake in Jardine C&C; buys 444,900 shares at $27 apiece - THE EDGE SINGAPORE

Insider moves

Jardine Matheson increases stake in Jardine C&C; buys 444,900 shares at $27 apiece

Since January this year, JSS has bought a total of 5.46 million shares from the market.

Insider moves

Jardine Matheson steps up share buybacks; Hongkong Land directors commit to buy shares

The steady buybacks are taking place at a time when Jardine Matheson’s shares are trading at their lowest level in 14 years.
Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at US$26.46 apiece - THE EDGE SINGAPORE

Insider moves

Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece

Following the purchase, Jardine Matheson Holdings has a deemed interest of 79.017% in Jardine Cycle & Carriage.

Insider moves

Jardine Matheson buys back 43,300 shares from the market

As at March 25, the group has 288.6 million ordinary shares in its issued share capital.

Results

DFI Retail Group turns around for FY2023, declares full year dividend of 8 US cents

Underlying profit was up 437% y-o-y to US$155 million
Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y - THE EDGE SINGAPORE

Results

Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y

The announcement follows news of Norway's sovereign wealth fund dumping its stake in the conglomerate over environmental concerns.

Stocks To Watch

Jardine Matheson, a recovery play with compelling valuation

Jardine Matheson Holdings stands out as a potential winner among recovery plays in 2024.

Results

JMH's 3QFY2023 performance was 'marginally above' last year’s with growth from Astra, DFI and Mandarin Oriental

The performance was partly offset by lower contributions from Jardine Pacific and Hongkong Land.
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