Frasers Centrepoint Trust Price target: UOB Kay Hian ‘buy’ $2.74 One of the most defensive S-REITs Frasers Centrepoint Trust (FCT) is one of the most defensive S-REITs, thanks to its support from essential services, says UOB Kay Hian Research analyst Jonathan Koh.Essential services, comprising ...

DBS Group Research analysts Tabitha Foo and Derek Tan have initiated coverage on Mandarin Oriental with a “buy” call and a target price of US$2.30 ($3.21), as they are bullish on the counter’s recovery prospects on the back of the heightened travel demand.“The immense pent-up demand of trave...

DBS Group Research has initiated coverage on Mandarin Oriental with a “buy” call and target price of US$2.30 on the hotel group’s portfolio, which represents a 14 per cent upside from the counter’s last trading price of US$2.02 on Friday (Aug 26).  Mandarin Oriental is a global hote...

With the steady resumption of travel, Mandarin Oriental International has reported that revenue for 1HFY2022 ended June has nearly doubled from US$101.8 million to US$198.4 million.The combined revenue of the hotels management was up 78% y-o-y to US$679.4 million.As such, the company was able to red...

MANDARIN Oriental International is selling its Washington DC hotel to London-headquartered private equity real estate manager Henderson Park, announced the hotelier on Tuesday (Jul 19).

Mandarin Oriental International, which is a part of the Jardine Matherson group, has entered into an agreement to sell Mandarin Oriental, Washington DC to Henderson Park, a London-headquartered private equity real estate manager.Following the sale, the group will receive proceeds of US$139 million (...

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...

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...

Three of Jardine Matheson’s companies have announced their interim business updates for 1QFY2022 ended March. While Hong Kong Land (HKL) and Dairy Farm International (DFI) showed some improvement, Mandarin Oriental (MO) was badly affected by ongoing restrictions due to the pandemic.Hong Kong LandH...

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

HOTELIER Mandarin Oriental International narrowed its net loss for FY2021 to US$141.4 million from US$680.1 million the year before.

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...

Quoteworthy: "As a base from which to run a business it’s very, very poor today" — James Riley, CEO of hotel chain Mandarin Oriental, lamenting Hong Kong’s strict travel restrictions. GST hike needed to ‘build a better Singapore for tomorrow’: Lawrence Wong The impending hike in Singapore...

Hong Kong based conglomerate Jardine Matheson Holdings has reported seeing “encouraging improvement” in many of its businesses in the third quarter over this time last year. However, challenges caused by the pandemic persists. “Conditions are expected to remain uncertain across the Group’s...

Hong Kong-based conglomerate Jardine Matheson Holdings has reported losses of US$117 million for the 1HFY2021 ended June 30. In the year earlier period, the red ink was US$775 million. Underlying profit for the period was US$615 million, up 65% from the year earlier period, as it booked a higher sha...