Investment Thesis
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Leading investment holding company, anchored by controlling stakes in key listed subsidiaries including Astra International (ASII IJ) (50.1% via Jardine Cycle & Carriage), Jardine Cycle & Carriage (SGX:C07) (85.7%), Hongkong Land (SGX:H78) (54.7%), DFI Retail (SGX:D01) (77.5%), Mandarin Oriental International (100%), Jardine Pacific (100%), and Zhongsheng Group Holdings (881 HK) (21%), among others. Indonesia remains the largest earnings contributor via Astra (46% of underlying FY25 profit, excluding corporate costs), followed by Hong Kong/Singapore property and retail exposure.
Why now - strategic reset and Investor Day as re-rating catalysts.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Elizabelle PANG DBS Group Research | Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-05-26
Read also DBS's most recent report:
2026-06-17 Jardine Matheson Investor Day Broadly In Line - Stronger Capital Allocation Discipline Reinforces Transformation Story.
Price targets by other brokers at Jardine Matheson Target Prices.
Listing of research reports at Jardine Matheson Analyst Reports.
Relevant links:
Jardine Matheson Share Price History,
Jardine Matheson Announcements,
Jardine Matheson Dividend Payout Dates & Corporate Actions,
Jardine Matheson News
