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...

Although the Straits Times Index barely moved week-on-week, ending up just a point at 3,231, it stayed above its 200-day moving average which stood at 3,221 as at June 2. With local 10-year bond yields on an upward trend ending the week at 2.83%, growth stocks stayed under pressure. The May high was...

In a recent discussion, an analyst who declined to be named says Singapore has always had a lot of deep-value plays which trade at very low valuations for years. However, “when the major shareholder gets fed up and makes an offer, he won’t make a super high offer, given the deep discount the sto...

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...

Analysts have largely kept their calls and target prices on Hongkong Land, with a common view that the developer’s on-going share buyback will be a support for its share price despite mixed signals of recovery in its core businesses. Thus far, notes DBS Group Research’s Jeff Yau, Hongkong Land h...

THE following companies saw new developments that may affect trading of their securities on Friday (Mar 4):

HONGKONG Land, a member of the Jardine Matheson Group, narrowed its net loss to US$349.2 million for the year ended Dec 31, from US$2.6 billion a year ago.

Hong Kong-based conglomerate Jardine Matheson Holdings (JMH) has reported earnings of US$1.88 billion ($2.55 billion) for the FY2021 ended December, reversing from the loss of US$394 million seen in the FY2020. The conglomerate also oversees other listed entities such as Hongkong Land, Jardine Cycle...

Hongkong Land Holdings has narrowed its losses for FY2021 to US$349 million from US$2.6 billion incurred in the preceding year. The company’s underlying profit, which it maintains is a more accurate measure of its performance was US$966 million, similarly to US$963 million reported for FY2020. T...

HONGKONG Land, a member of the Jardine Matheson Group, narrowed its net loss to US$349.2 million for the year ended Dec 31, from US$2.6 billion a year ago.