Jardine Matheson

[winston]

not vested

Jardine Matheson FY2012 profit tumbles 51%

Jardine Matheson Holdings on Friday reported a 51 per cent fall in net profit to US$1.69 million from US$3.45 million a year ago for the fiscal year ended Dec 31, 2012.

Turnover rose 4 per cent year on year to US$39.59 billion from US$37.97 billion.

Gross revenue, which comprises revenue together with 100 per cent of revenue from associates and joint ventures, rose 5 per cent to US$60.45 million from US$57.31 million a year earlier.

Earnings per share were US$4.63, down from US$9.53 a year earlier.

Source: Business Times

[winston]

not vested

Jardine Matheson Holdings (US$66.98)

FY2012 profit tumbles 51%

Jardine Matheson Holdings reported a 51% fall in net profit to US$1.69mil for the fiscal year ended Dec 31, 2012 but turnover rose 4% year on year to US$39.59bil.

EPS was US$4.63. A final dividend of 100 US cents per share has been recommended.

Source: AmFraser

[winston]

not vested

Time: 8:58AM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bearish MACD Crossover
Last Done: $63.6

Source: UOBKH

[winston]

not vested

Time: 11:09AM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bullish MACD Crossover
Last Done: $66.35

Source: UOBKH

[winston]

not vested

Time: 9:05AM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bearish MACD Crossover
Last Done: $64.65

Source: UOBKH

[winston]

not vested

Time: 10:37AM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bullish MACD Crossover
Last Done: $66.5

Source: UOBKH

[winston]

not vested

Time: 3:36PM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bullish MACD Crossover
Last Done: $66.9

Source: UOBKH

[winston]

Maintain NEUTRAL: Since our last report “Near-term positives priced in” on 20 May 2013, JM and JS have fallen 24% and 18%, respectively.

As a result, JM and JS are trading at a 31% and a 36% discount to NAV, slightly wider than their historical average of 26% and 35%.

While we believe they now present better value, we would await further moderation in consensus earnings and stabilisation in IDR to turn more positive.

We lower our 2013 - 14 EPS by 8-14%, and reduce our target price for JM to US$67 (from US$72) and for JS to US$39 (from US$42), after incorporating new forex assumptions and forecasts for key businesses.


Source: CS

[winston]

vested

Jardine Matheson ST: as long as 51.8 is support look for 63 <JARD.SI>

Click here to see our chart: http://www.tradingcentral.com/chart/JMU ... 080704.gif

Our pivot point stands at 51.8.

Our preference: as long as 51.8 is support look for 63.

Alternative scenario: below 51.8, expect 48 and 45.6.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover,the stock is trading above both its 20 and 50 day MA (respectively at 55.38and 54.96).

Supports and resistances: 65.4 *63 **60.6 55.62 last 53.4 51.8 **48 *

Source: TRADING CENTRAL

[winston]

vested

Time: 9:00AM
Exchange: SGX
Stock: JMH 400US$(J36)
Signal: Bullish MACD Crossover
Last Done: $55.2

Source: UOBKH