Can shareholders trust the management again? Will the full year profit really modestly lower?
Expected 1H headwind at Astra and Zhongsheng should abate in 2H.
Overall, while the first half presented difficulties, Jardine Matheson appears optimistic about the second half, expecting an improvement in conditions for key businesses. This outlook aligns with the earlier expectation of a full-year performance being only modestly below the previous year.
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