Jardine Matheson

[winston]

not vested

Announces privatisation offer for JS

Jardine Matheson (JM) announced that it was buying the 15% of Jardine Strategic (JS SP, NR) that it does not own at US$33.00 per share.

The acquisition is expected to be effective by end-April 2021 and JS will be delisted. A capital reduction in 2022 will cancel JS’s 59% stake in JM.

Reiterate Hold ahead of analysis of FY20F results due this Friday

TP US$54.68

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 6C09B1783D

[winston]

not vested

Jardine Matheson Holdings (JMH) (SGX:J36) on Thursday reported a full-year net loss of US$394 million, reversing from a net profit of US$2.84 billion a year ago, largely due to weaker performances by Astra and Jardine Cycle & Carriage (SGX: C07), as well as decreases in property valuations.

Without the decreases in property valuations totalling some US$1.4 billion, the group would have recorded a US$1.09 billion net profit for the year ended Dec 31, 2020, 32 per cent lower than the year ago.

Astra, one of JMH's largest profit contributors, recorded full-year net profit of 16.2 trillion rupiah (S$1.47 billion) which is 26 per cent lower than that for FY2019. Excluding a one-off gain from the sale of the group's investment in Permata Bank, net profit would have decreased 53 per cent year on year to 10.3 trillion rupiah.

Source: Phillips

[behappyalways]

Jardine deal goes through; dissenting votes largely from new shareholders, company claims
https://www.theedgesingapore.com/news/c ... rs-company

[behappyalways]

Jardine Matheson narrows losses to US$117 million, maintains interim dividend at 44 US cents
https://www.theedgesingapore.com/capita ... 4-us-cents

[behappyalways]

Jardine Matheson reports earnings of US$1.88 bil in FY2021 from FY2020 loss; declares final dividend of US$1.56
https://www.theedgesingapore.com/capita ... ares-final

[behappyalways]

Jardine Matheson 1HFY2022 back in the black with earnings of US$423 million
https://www.theedgesingapore.com/capita ... 23-million

[behappyalways]

Jardine Matheson reports higher 'underlying' earnings for FY2022, proposes higher dividend payout
https://www.theedgesingapore.com/capita ... r-dividend

[behappyalways]

Jardine Matheson Holdings achieves ‘strong overall performance’ in 1QFY2023 although challenges remain
https://www.theedgesingapore.com/capita ... 3-although

[behappyalways]

Jardine Matheson Holdings reports 1HFY2023 earnings of US$566 mil, 34% up y-o-y
https://www.theedgesingapore.com/capita ... l-34-y-o-y

[behappyalways]

JMH's 3QFY2023 performance was 'marginally above' last year’s with growth from Astra, DFI and Mandarin Oriental
https://www.theedgesingapore.com/capita ... ra-dfi-and