Jardine Strategic

[winston]

not vested

JSH USD Ltd – Weekly timeframe – Bullish

The bullish rejection off the support area on the week ended 31/08/18 formed a hammer rejection signals a high likelihood of a reversal higher next.

Expect the long-term uptrend to resume next for price to test the 37.50 resistance area followed by 42.29

Source: Phillips

[behappyalways]

Jardine Strategic and Jardine Matheson report lower FY18 earnings of US$1.84 bil and US$1.73 bil
https://www.theedgesingapore.com/jardin ... -us173-bil

[behappyalways]

Jardine Matheson and Jardine Strategic report higher earnings in 1H on one-off gain
https://www.theedgesingapore.com/capita ... h-one-gain

[winston]

not vested

BRIEF-Jardine Strategic Posts HY Profit Attributable Of $1,657 Mln

Aug 2 (Reuters) - Jardine Strategic Holdings Ltd :

* HY PROFIT ATTRIBUTABLE $1,657 MILLION VERSUS $945 MILLION

* HY GROSS REVENUE $50,274 MILLION VERSUS $44,348 MILLION

* DECLARES INTERIM DIVIDEND OF 10.50 U.S. CENTS PER SHARE

* IN SECOND HALF OF YEAR EXPECTS TO BENEFIT FROM FURTHER GROWTH IN HONGKONG LAND AND DAIRY FARM

Source: Reuters

[winston]

not vested

Jardine Strategic Holdings Limited
Interim Management Statement

Its principal attributable interests are in Jardine Matheson 58%, Hongkong Land 50%, Dairy
Farm 78%, Mandarin Oriental 78% and Jardine Cycle & Carriage 75%, which in turn has a
50% interest in Astra.

Jardine Strategic is 85% held by Jardine Matheson.

https://links.sgx.com/FileOpen/JSH.ashx ... eID=584746

[winston]

not vested

Jardine Strategic Holdings Posts FY Profit Attributable Of $2,178 Mln

March 5 (Reuters) - Jardine Strategic Holdings Ltd :

* FY REVENUE $ 32,665 MILLION VERSUS $34,094 MILLION

* FY PROFIT ATTRIBUTABLE $2,178 MILLION VERSUS $1,827MILLION

* FINAL DIVIDEND OF US cents 25.0 PER SHARE

* SOCIAL UNREST IN HONG KONG HAD SIGNIFICANT IMPACT ON LOCAL ECONOMY, EXACERBATED BY COVID-19

Source: Reuters

[winston]

not vested

Jardine Strategic down 14% in biggest single-day drop

MAR 19, 2020

by MARISSA LEE

JM owns 85 per cent of JS, which in turn holds 58 per cent of JM. "

The share price ratio of JM to JS (JM/JS) is now 2.60.

This compares with the long-term average ratio of 1.71 by Mr Blennerhassett's calculations, using prices from 2002 to now.

Source: Business Times

https://www.businesstimes.com.sg/compan ... e-day-drop

[winston]

not vested

Jardine Strategic Expects H1 Profits To Be Significantly Reduced

April 28 (Reuters) - Jardine Strategic Holdings Ltd:

* BUSINESSES IN SOUTHEAST ASIA ARE NOW FACING INCREASINGLY DIFFICULT CONDITIONS, PARTICULARLY IN INDONESIA DUE TO COVID-19

* COVID-19 AND MEASURES TO CONTROL IT HAVE ADVERSELY AFFECTED GROUP'S PERFORMANCE OVER Q1

* PROFITS FOR H1 WILL BE SIGNIFICANTLY REDUCED

* GROUP'S PROFITS FOR H1 OF YEAR WILL BE SIGNIFICANTLY REDUCED COMPARED WITH PRIOR YEAR.

* FY PROFIT WILL DEPEND ON DURATION OF PANDEMIC MEASURES BUT MARKET SENTIMENT EXPECTED TO REMAIN WEAK FOR SOME TIME

* BALANCE SHEET AND LIQUIDITY POSITION OF GROUP REMAIN STRONG

* TAKING ACTIONS TO MANAGE COSTS, INCLUDING REDUCTION, SUSPENSION OR DEFERRAL OF NON-ESSENTIAL OPERATING AND CAPITAL EXPENDITURE

Source: Reuters

[winston]

vested in JSH

Jardine Matheson and Jardine Strategic post decline in 1H20 earnings

by Felicia Tan

Jardine Matheson Holdings and Jardine Strategic Holdings have reported lower earnings for 1H20 ended June due to "significant" negative impact arising from Covid-19 and the restrictions imposed to contain the pandemic.

Jardine Matheson and Jardine Strategic both saw earnings for the half-year period decline 49% y-o-y to US$373 million ($513.2 million) and US$395 million respectively.

“As expected, COVID-19 had a significant impact on the Group’s results in the first half, with Southeast Asia particularly affected. It is expected that the pandemic will continue to create uncertainty and volatility in the second half, making it difficult to predict full year performance,” says Ben Keswick, executive chairman of both companies.

Both companies also registered a 11% y-o-y decline in 1H20 gross revenue to US$44.94 billion due to the losses from Mandarin Oriental.

The group says its major businesses remained profitable in the half-year, though at “materially lower levels” than the same period a year ago.

“While there were some signs of recovery in certain of the Group’s businesses in the second quarter (including the Group’s property development and motors businesses on the Chinese mainland), the possibility of further waves of the pandemic makes it difficult to predict performance in the second half,” it says in its statement on July 30.

Within the group’s businesses, Jardine Pacific registered a 5.4% y-o-y decline in underlying net profit to US$53 million.

Hongkong Land registered a US$1.82 billion loss after accounting for a net non-cash loss of US$2.18 billion from the biannual revaluation of investment properties, due to lower open market rents. Without the non-cash loss, Hongkong Land registered a 24% y-o-y decline in underlying profit of US$353 million.

Mandarin Oriental recorded an underlying loss of US$102 million for 1H20 compared to a US$11 million a year ago, despite implanting cost-cutting measures.

The group has proposed an interim dividend of 10.50 US cents per share for 1H20.
As at end June, cash and cash equivalents stood at US$6.73 billion.

Looking ahead, the group says it is “difficult” to predict its performance in 2H20 due to uncertainty on further waves of the pandemic.

Shares in Jardine Matheson closed 8 US cents down to US$40.92, while shares in Jardine Strategic closed 5 US cents up at US$20.20 on Thursday (July 30).

Source: The Edge

https://www.theedgesingapore.com/capita ... 0-earnings

[winston]

vested

BRIEF-Jardine Strategic Posts HY Loss Attributable of US$961 Million

July 30 (Reuters) - Jardine Strategic Holdings Ltd :

* INTERIM DIVIDEND DECLARED OF US¢10.50 PER SHARE

* HY LOSS ATTRIBUTABLE US$961 MILLION VERSUS PROFIT US$1,657MILLION

* SOME SIGNS OF BUSINESS RECOVERY IN Q2 BUT OUTLOOK REMAINS UNCERTAIN

* HY REVENUE US$12,748 MILLION VERSUS US$15,999 MILLION

* EXPECTED THAT PANDEMIC WILL CONTINUE TO CREATE UNCERTAINTY AND VOLATILITY IN SECOND HALF

Source: Reuters