John Witt, group managing director of Jardine Matheson Holdings, has increased his stake in the company. On June 17, Witt acquired 50,000 shares of the company on the open market for US$2.5 million ($3.46 million) in total, or US$50.06 each, according to a June 20 regulatory filing.Witt joined the H...

Three of Jardine Matheson’s companies have announced their interim business updates for 1QFY2022 ended March. While Hong Kong Land (HKL) and Dairy Farm International (DFI) showed some improvement, Mandarin Oriental (MO) was badly affected by ongoing restrictions due to the pandemic.Hong Kong LandH...

DAIRY Farm International has changed its name to DFI Retail Group Holdings, the company said in a bourse filing on May 6 (Friday).  The company will continue to have a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore, it added. The change of nam...

There are reasons for other investors to share Japfa’s optimism that the spin-off of AIH will be well-received. In China, raw milk prices have been strong since 2020 and remain strong, due to a shortage of raw milk supply in the market, says Tan. And after a short-term drop in dairy demand in Chin...

June 4 remains a touchy topic. However, economic and market reforms since then, China has generated an unprecedented boom to overtake Japan as the world’s second largest GDP in 2010. As China continues to grow at a faster pace than the US, fights have broken out across multi fronts: Huawei, techno...

The valuation translates into a forward EV/EBITDA and P/E ratio of 11.6x and 13.1x respectively, a mark over its China dairy farming peers’ 4.7x and 5.3x respectively.The analyst believes that this premium is due to a number of factors; firstly, the quality of Japfa’s milk yields far exceeding t...

UOB Kay Hian’s analyst Adrian Loh as well as the Singapore research team has maintained their earnings per share (EPS) estimates for the FY2022 on all of the constituents in the Straits Times Index (STI) that are under their coverage.The team has given “buy” calls to all the counters, which in...

The tenders of two government land sales (GLS) sites closed on the evening of March 8 and DBS Group Research noticed that it continues to see active participation among property developers as expected. The site at Dairy Farm Walk drew seven bids with Sim Lian as the top bidder, while an executive co...

A STATE tender for a 99-year leasehold private housing site along Dairy Farm Walk has drawn 7 bids, with a partnership between Sim Lian Land and Sim Lian Development placing the top bid of S$347 million or S$980.07 per square foot per plot ratio (psf ppr).

AS THE latest Covid-19 variant Omicron continues to spread through the key operating markets of Dairy Farm International (DFI), RHB Research has downgraded its rating on the mainboard-listed retail group to "neutral" from "buy".