
2020-12-02 18:38:08
CGS-CIMB downgrades Jardine Matheson Holdings to 'hold' on weak 4Q performance
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...