$

JSH

JARDINE STR 500
JSH.SI
Last Price
0.00
GMT / 17 JUL 2019
Value Change [%]
0.00
[(0.00%)]
Volume
00
Open
0.00
Day's High
0.00
Year's High
40.78
Previous Close
37.60
Day's Low
0.00
Year's Low
31.55
Earnings Per Share
3.22
P/E Ratio
11.67
Lot Size
100
Div. Yield (%)
0.90
Dividend
0.34
Div. Pay Date
15 MAY 2019
Ex-Div. Date
14 MAR 2019
Last Trade
0.00
Last Trade Time (GMT)
Last Trade 2
0.00
Last Trade 3
0.00
Volume
00
Turnover
00
Bid
37.41
Bid Size
100
Ask
37.80
Ask Size
300
Close Bid
37.59
Close Ask
37.60
aseanexchanges
@aseanexchanges

Jardine Strategic Holdings Limited is a holding company with its principal interests in Jardine Matheson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra International. These companies are engaged in engineering and construction, transport services, insurance broking, property investment and development, retailing, restaurants, luxury hotels, motor vehicles and related activities, financial services, heavy equipment, mining and agribusiness. The Company also has a minority investment in Rothschilds Continuation, the global financial advisory company. Jardine Matheson Limited, which operates from Hong Kong, acts as general manager to the Company and provides management services to the Group companies.

  • Market News
BREAKINGVIEWS-Jardine maps a road to younger Asia for its peers
20 September 2019
source: reuters.com
 (The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Katrina Hamlin
    HONG KONG, Sept 20 (Reuters Breakingviews) - For Hong Kong’s
tycoons, Southeast Asia is looking like a tempting getaway.
Jardine Matheson  JARD.SI , one of the best-known colonial-era
trading houses, moved its headquarters out of the territory
ahead of the handover to China in 1997. It has since thrived in
Indonesia and Vietnam. That region’s long-term prospects, plus
uncertainty over the future up north, suggests that even with
cooler growth, more rivals may follow.
    In the 1990s, Asian markets outside Greater China accounted
for a mere 1% of Jardine Matheson’s core business. Last year,
Hong Kong made up 40% of the bottom line, but just as much came
from Southeast Asia. It has proven a lucrative spot: underlying
profit there grew by more than a fifth last year, outperforming
14% growth in China and Hong Kong.  
    Much of that is down to consumers. Disposable income in
Indonesia has quintupled since 1997, while Vietnamese spenders
have more than nine times as much cash as they did just over two
decades ago. Jardine’s empire stretches to pharmacies,
convenience stores, supermarkets and home furnishings, from
Brunei to Cambodia.
    It’s not all rosy. Malaysia and others are cooling, thanks
to a trade war, a tech downturn and structural hurdles like poor
logistics: growth of just over 5%, as Indonesia recorded in the
second quarter, is not enough to create jobs for a population of
roughly 270 million. It’s also become harder to change in time
with some of the most internet-savvy consumers in the world:
Jardine’s Astra  ASII.JK  venture has invested in $10 billion
taxi-to-delivery app Go-Jek, in part to keep up.
    But there’s plenty to envy. Compare Indonesia’s growing
retail sales with Hong Kong’s slides in July and August; Vietnam
should still be one of the fastest-growing economies in Asia
this year. 
    Of course, Jardine is not alone in having sought to
diversify. Tycoon Li Ka-shing has struck deals all around the
globe, and his successor Victor Li continues the family
tradition. Others are dipping their toes in the water: Stanley
Ho’s flagship Shun Tak  0242.HK  made its first foray into
Singaporean hotels last year, and says it is now exploring
beyond Greater China. A bolthole abroad will only get more
popular.
    On Twitter https://twitter.com/KatrinaHamlin
    
    CONTEXT NEWS
    - Jardine Matheson reported on Aug. 2 that its first-half
underlying profit fell 3% from a year earlier, to $738 million.
The company noted a slowdown in the Indonesian auto market had
an impact on the earnings. 
    - Affiliate Jardine Cycle & Carriage reported underlying
profit dipped 1% to $407 million over the same period. 
    - Astra International, Indonesia's largest automobile
distributor, on July 18 launched a joint venture with Go-Jek to
provide cars to the ride-hailing firm. The move follows an
investment in Go-Jek worth $250 million overall. Astra is 50.1%
owned by Jardine Cycle & Carriage. 
    - For previous columns by the author, Reuters customers can
click on  HAMLIN/  
    - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Indonesia's Astra bets on ride-hailing firm Go-Jek as car sales
dive     urn:newsml:reuters.com:*:nL4N24J1RC
BREAKINGVIEWS-Air China edges closer to Cathay Pacific’s cockpit
    urn:newsml:reuters.com:*:nL4N251087
BREAKINGVIEWS- Cathay shakeup clarifies China’s corporate muscle
     urn:newsml:reuters.com:*:nL8N25C24J
BREAKINGVIEWS-Victor Li is a half mark up on Hong Kong’s tycoons
    urn:newsml:reuters.com:*:nL4N24X18G
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Clara Ferreira Marques and Sharon Lam)
 ((katrina.hamlin@thomsonreuters.com; Reuters Messaging:
katrina.hamlin.thomsonreuters.com@reuters.net))
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