Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Jardine Matheson Holdings Limited
  6. News
  7. Summary
    J36   BMG507361001

JARDINE MATHESON HOLDINGS LIMITED

(J36)
  Report
Delayed Singapore Stock Exchange  -  10:59:53 2023-01-30 pm EST
53.33 USD   -0.98%
01/29Xinjufeng Technology to Buy 28% of Liquid Food Packaging Maker
MT
01/27Jardine Matheson : Share Repurchase
PU
01/27Jardine Matheson Buys Back Shares
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Jardine Matheson says performance mostly improves but not in China

11/10/2022 | 07:28am EST

(Alliance News) - Jardine Matheson Holdings Ltd on Thursday said its overall performance continued to improve in the third quarter to September 30, in particular in Southeast Asia, but notably not in China due to lockdowns and restrictions.

Jardine is a Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships.

The firm said that automotive group Astra led the growth in Southeast Asia. On Wednesday Jardine reported that its 76% owned subsidiary Jardine Cycle said that Astra, in which it has a 50% interest, reported a 49% increase in underlying earnings over the 9-month period. The same day, it also noted that Jardine Cycle & Carriage had performed well over the past nine months, reflecting improvements across all parts of the portfolio.

On Thursday, the company cautioned: "Although the group saw strong profit growth in the first half of the year, its full year results will be affected by fewer planned sales completions and reduced construction activity in Hongkong Land's Development Properties business on the Chinese mainland, as well as moderating growth in Southeast Asia, as a result of strong commodity prices in the second half of 2021."

Further, its UK Motors business was impacted by ongoing supply chain constraints for new car supplies.

More positively, Jardine's Convenience business improved in Hong Kong, Macau and Singapore as Covid-related restrictions were lifted. In South China, sales and profit continued on a subdued level due to ongoing restrictions.

Further, Home Furnishing and DFI's Health & Beauty business saw sales momentum, helped by eased government-imposed restrictions. On top of that, "the return of normal travel conditions in most of the world in early 2022 saw Mandarin Oriental record net underlying profits in the second quarter, and this progress continued in the third quarter," the firm added.

Jardine Matheson shares were down 0.5% at USD47.89 on Thursday afternoon in London.

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
JARDINE MATHESON HOLDINGS LIMITED -0.98% 53.33 Delayed Quote.6.70%
MSCI SINGAPORE (GDTR) -0.99% 5886.2 Real-time Quote.6.90%
All news about JARDINE MATHESON HOLDINGS LIMITED
01/29Xinjufeng Technology to Buy 28% of Liquid Food Packaging Maker
MT
01/27Jardine Matheson : Share Repurchase
PU
01/27Jardine Matheson Buys Back Shares
MT
01/23FTSE 100 Closes Monday Up Amid Retailer Outperformance
DJ
01/23UK Housebuilders No Longer Look Over-Sold
DJ
01/23Sterling Could Turn Lower Vs Dollar After Recent Gains
DJ
01/23US Car Dealer Lithia in Talks to Purchase UK-based Jardine Motors
MT
01/20Jardine Matheson ( '') Notification : JARDINE MATHESON HOLDINGS LIMITED (the 'Company') N..
PU
01/16Jardine Matheson Buys Back Shares
MT
01/13Jardine Matheson : Share Repurchase
PU
More news
Analyst Recommendations on JARDINE MATHESON HOLDINGS LIMITED
More recommendations
Financials (USD)
Sales 2022 36 811 M - -
Net income 2022 1 600 M - -
Net Debt 2022 8 227 M - -
P/E ratio 2022 9,69x
Yield 2022 3,93%
Capitalization 15 601 M 15 601 M -
EV / Sales 2022 0,65x
EV / Sales 2023 0,60x
Nbr of Employees 400 000
Free-Float 67,0%
Chart JARDINE MATHESON HOLDINGS LIMITED
Duration : Period :
Jardine Matheson Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JARDINE MATHESON HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 53,86 $
Average target price 63,37 $
Spread / Average Target 17,7%
EPS Revisions
Managers and Directors
John Raymond Witt Group Managing Director & Executive Director
Graham Timothy Baker Group Finance Director & Executive Director
Benjamin William Keswick Executive Chairman
Adam Phillip Charles Keswick Executive Director
Anthony John Liddell Nightingale Managing Director & Director
Sector and Competitors
1st jan.Capi. (M$)
JARDINE MATHESON HOLDINGS LIMITED6.70%15 731
HONEYWELL INTERNATIONAL INC.-2.88%139 930
SIEMENS AG11.46%124 319
GENERAL ELECTRIC COMPANY27.86%90 943
ILLINOIS TOOL WORKS INC.4.71%70 859
3M COMPANY-3.89%63 300