Jardine Matheson Holdings (JMH), a diversified Asian-based business group, says it continues to face challenges caused by the Covid-19 pandemic in its 1Q interim management statement. While the outlook for the group’s full-year underlying performance remains uncertain, JMH remains “resilient and...

LUXURY hotelier Mandarin Oriental International continued to post losses into the first three months of the year, as the Covid-19 pandemic battered the industry.

In its interim management statement for the 1QFY2021, Mandarin Oriental International has reported unaudited underlying losses of US$41 million ($54.7 million). Mandarin Oriental is a member of the Jardine Matheson group. It adds that it expects to report “a further loss” in the 2QFY2021. The �...

LUXURY hotelier Mandarin Oriental International continued to post losses into the first three months of the year, as the Covid-19 pandemic battered the industry.

Technically, OUE is certainly attracting its fair share of attention. The moving averages are bunched up and turning positive simultaneously. Quarterly momentum is shooting higher. Volume is rising. Technical indicators can be said to be in place to support further gains. But, for investors with Ria...

On March 17, Moody’s indicated that the local hospitality REITs have sufficient liquidity to cover their basic cash needs. In addition Ascott Residence Trust has a presence in China, Australia and the US where domestic travel is likely to recover at a faster clip than international travel. Frasers...

Jardine Matheson Holdings (JMH) and Jardine Strategic Holdings (JSH) reported 32% and 35% lower earnings to US$1.085 billion and US$1.094 billion for the FY2020 ended December, from earnings of US$1.589 billion ($1.46 billion) and US$1.681 billion a year ago. This was mainly due to the negative impa...

Opposition from minority shareholders to a restructuring effort by the Jardine Group is growing, with some investors considering going to court over its plan to buy out a London and Singapore-listed unit for what they say is a US$1 billion ($1.34 billion) discount. See: Jardine Matheson Ho...

Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, F...

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...