SINGAPORE (Mar 10): CGS-CIMB Research has slashed its target price for Jardine Matheson Holdings (JMH) by 14.8% to US$52.53, and downgraded the counter to “hold”, from “add” previously. This comes as the research house cut JMH’s earnings forecasts for FY2020 and FY2021. Underlying net pro...

Submitted By:  Clarist Zablan Case Study:  No It offered rent relief to its retail tenants amidst the COVID-19 outbreak. The negative impact of HongKong Land’...

SINGAPORE (Mar 6): Year-to-date, property developer Hongkong Land has seen its share price fall some 12% amid growing global economic uncertainty led by the coronavirus outbreak. However, as stocks around the world brace themselves for a battering in terms of earnings and share price figures, DBS G...

Submitted By:  Shaina Teope Case Study:  No Contributions from the development properties in mainland China drove higher profits. Hongkong Land Holdings’ unde...

Submitted By:  Nathanielle Punay Case Study:  No Hongkong Land contributed $1.5b to the group’s total underlying profit. Jardine Matheson saw its profit surge...

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

HONGKONG Land Holdings posted a record underlying net profit of US$1.08 billion for the 12 months ended Dec 31, 2019, up 4 per cent from US$1.04 billion in 2018.

SINGAPORE (Mar 5): Jardine Matheson Holdings and Jardine Strategic Holdings have reported higher earnings for FY2019 ended December on the back of one-off gains, even as underlying net profit fell on lower revenue. For FY2019, Jardine Matheson saw its earnings jumped 65% to US$2.84 billion ($3.95 b...

SINGAPORE (Mar 5): Property group Hongkong Land, a member of the Jardine Group of companies, reported earnings of US$198.0 million ($274 million) for FY2019 ended December, down from earnings of US$2.48 billion a year ago.  This was due to the group booking losses of US$878.4 million, resulting pr...

HONGKONG Land Holdings reported a 92 per cent drop in net profit for the full year ended December 2019 to US$198 million from US$2.5 billion a year ago owing to net losses from lower valuations of the group’s investment properties versus net gains a year ago.