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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Jardine Strategic Holdings Limited    J37   BMG507641022

JARDINE STRATEGIC HOLDINGS LIMITED

(J37)
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Most end lower on fears of economic hit from coronavirus

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03/18/2020 | 06:20am EDT
FILE PHOTO:  Investors monitor share market prices in Kuala Lumpur, Malaysia

Most Southeast Asian stock markets gave up early gains to end lower on Wednesday, as fears over the economic damage from the coronavirus contagion overshadowed stimulus measures from major central banks.

Markets across the region struggled to hold on to gains as a rising number of virus cases forced lockdowns and travel bans in a bid to restrict the spread of the virus. [MKTS/GLOB]

"Financial markets have been volatile these past few days, to say the least," said Venkateswaran Lavanya, analyst at Mizuho Bank, in a note.

"We still think that financial market contagion resulting in a self-perpetuating financial crisis remains a real and present danger."

Singapore stocks ended 1.2% lower, after rising more than 3% earlier, as worries emerged that the country may be headed towards its first full-year recession in nearly 20 years as Malaysia's travel ban robs the city-state of a key source of labour.

The index ended lower for a sixth straight session.

Conglomerate Jardine Strategic Holdings dropped 3.6%, while real estate firm Capitaland eased 2.8%.

Malaysia's bourse fell as much as 1.4%, as the country went into a two-week partial lockdown after a spike in coronavirus cases.

The Indonesian index ended 2.8% lower as financial and consumer sectors took the biggest hits, with Bank Mandiri (Persero) falling 6.8% and household goods maker Unilever Indonesia dropping 6.9%.

Indonesia said it would reallocate 17.17 trillion rupiah ($1.13 billion) from its 2020 state budget in a bid to blunt the economic impact of the virus.

The stimulus comes ahead of an expected cut to the central bank's key policy rate at a meeting on Thursday.

Thai equities bucked the trend to rise 1.3% after the central bank said it had bought bonds worth $1 billion to boost liquidity.

The telecom and financial sectors were the biggest gainers, as mobile phone operator Advanced Info Service and Kasikornbank added 4.4% and 1.5%, respectively.

Trading remained suspended on the Philippine bourse but was set to resume on Thursday, despite a lockdown across the island of Luzon where capital Manila is located.

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SOUTHEAST ASIAN STOCK MARKETS

Change on the

day

Market Current Previous Pct Move

close

Singapore 2425.62 2454.53 -1.18

Bangkok 1048.15 1035.17 1.25

Jakarta 4330.674 4456.749 -2.83

Kuala Lumpur 1239.01 1256.58 -1.40

Ho Chi Minh 747.66 745.78 0.25

Change so far

in 2020

Market Current End 2019 Pct Move

Singapore 2425.62 3222.83 -24.74

Bangkok 1048.15 1579.84 -33.65

Manila 5335.37 7,815.26 -31.73

Jakarta 4330.674 6,299.54 -31.25

Kuala Lumpur 1239.01 1588.76 -22.01

Ho Chi Minh 747.66 960.99 -22.20

By Arpit Nayak


Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED INFO SERVICE 0.87% 174.5 End-of-day quote.-18.08%
CAPITALAND LIMITED -1.14% 2.6 End-of-day quote.-30.67%
CHANGE INC. -3.17% 8240 End-of-day quote.466.71%
JARDINE STRATEGIC HOLDINGS LIMITED 1.85% 21.98 End-of-day quote.-28.29%
KASIKORNBANK 2.00% 76.5 End-of-day quote.-49.34%
LETS HOLDINGS GROUP CO., LTD. -1.70% 8.69 End-of-day quote.43.87%
LOOK HOLDINGS INCORPORATED 0.42% 964 End-of-day quote.-23.00%
PT BANK MANDIRI (PERSERO) TBK 0.00% 5775 End-of-day quote.-24.76%
PT UNILEVER INDONESIA TBK -0.63% 7825 End-of-day quote.-6.85%
RISE, INC. -3.70% 26 End-of-day quote.-13.33%
SET -0.52% 1201.64 Real-time Quote.-23.54%
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Financials (USD)
Sales 2020 26 848 M - -
Net income 2020 940 M - -
Net Debt 2020 11 012 M - -
P/E ratio 2020 13,3x
Yield 2020 1,53%
Capitalization 12 318 M 12 318 M -
EV / Sales 2020 0,87x
EV / Sales 2021 0,75x
Nbr of Employees 464 000
Free-Float 15,1%
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Technical analysis trends JARDINE STRATEGIC HOLDINGS LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 30,00 $
Last Close Price 21,98 $
Spread / Highest target 50,1%
Spread / Average Target 36,5%
Spread / Lowest Target 18,3%
EPS Revisions
Managers
NameTitle
John Raymond Witt Managing Director & Director
Benjamin William Keswick Executive Chairman
Graham Timothy Baker Chief Financial Officer
Edward Percy Keswick Weatherall Non-Executive Director
Anthony John Liddell Nightingale Non-Executive Director
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