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Jardine Matheson Holdings
Property
Deep, liquid capital market needed to narrow discounts to NAV
A deep and liquid capital market could narrow the discount between stock price and net asset value
April 16, 2021
Investing ideas
Thinly-traded, low free float Jardine Strategic, Frasers Property take different paths to grow
Jardine Strategic Holdings, with limited liquidity because of a low free float is being taken private.
March 12, 2021
Results
Jardine Matheson and Jardine Strategic report lower FY20 earnings due to Covid-19 impact on Southeast Asian businesses and Mandarin Oriental
Shares in JMH closed 1.3% up at US$65.57, while shares in JSH closed 0.2% up at US$32.86 on March 11.
March 11, 2021
Results
Dairy Farm sees 14% drop in earnings of US$276mil for FY20
For the FY2020, the board has declared a final dividend of 11.50 US cents per share.
March 11, 2021
Broker's Calls
FLCT could replace Jardine Strategic in Straits Times Index: CGS-CIMB
CGS-CIMB has also continued its "hold" recommendation on Jardine Matheson, with an unchanged target price of US$54.68.
March 09, 2021
Company in the news
Jardine Matheson Holdings to acquire remaining stake in Jardine Strategic for US$5.5 bil; Jardine Strategic shareholders to receive US$33 per share
The proposed acquisition of Jardine Strategic is priced at USD$33 per strategic ordinary share.
March 08, 2021
Broker's Calls
CGS-CIMB downgrades Jardine Matheson Holdings to 'hold' on weak 4Q performance
CGS-CIMB analyst William Tng has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously.
December 02, 2020
Results
Jardine Matheson Holdings says it continues to face 'challenging trading conditions' in 3Q update
While the group registered “some improvement” across its businesses q-o-q, net underlying profit declined y-o-y.
November 05, 2020
Broker's Calls
Dairy Farm to shake off 1H20 earnings dip by transforming in coming years: DBS
The company announced in July that its 1H20 earnings dropped by 35% to US$115 million from US$178 million in 1H19.
October 26, 2020
SGX query
Wilmar shares drop over 7% following China IPO
As at 12.52pm, shares in Wilmar were trading 25 cents lower or 5.4% down at $4.41.
October 15, 2020