CGS-CIMB analyst William Tng has downgraded Jardine Matheson Holdings to “hold” as he believes recovery is likely to be slow and long. He has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously. The revised target price is based on 0.85x FY2020 book value per...

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THE following companies saw new developments that may affect trading of their securities on Friday:

PROPERTY developer and investment company Hongkong Land's full-year underlying performance is expected to be moderately affected by a reduced contribution from its investment properties portfolio, the mainboard-listed company said in an interim management statement on Thursday.

Jardine Matheson Holdings (JMH) says the group continued to face “challenging trading conditions” in the third quarter of 2020 due to the spread of Covid-19 and the ensuing measures taken to control it. While the group registered “some improvement” in performance across its businesses compar...

PROPERTY developer and investment company Hongkong Land has reached an agreement with DBS to convert an existing HK$1 billion (S$175.8 million) five-year revolving credit facility into a sustainability-linked loan.

DBS Bank and property developer Hongkong Land has signed an agreement on August 28 to convert an existing five-year revolving credit facility of HK$1 billion ($176.2 million) on February into a sustainability-linked loan with the interest rate being indexed against environmental, social, and corpora...

PROPERTY developer and investment company Hongkong Land has reached an agreement with DBS to convert an existing HK$1 billion (S$175.8 million) five-year revolving credit facility into a sustainability-linked loan.

IT IS the long views that elevate Hong Kong's skyscrapers. Hongkong Land, for example, has owned most of the buildings in its central landmark complex since 1901.