$JMH USD (J36.SG)$
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.

$JMH USD (J36.SG)$
JM has the additional challenge of owning conglomerates. As at end-June, JM was trading at just 0.4 times P/NAV, and 15 times P/E. Its balance sheet is stable, with a low gearing ratio of 27.6%. On the operating front, the interest coverage ratio as of end-December 2023 was 3.3 times and the conglomerate reported free cash flow (see Table 1).

$JMH USD (J36.SG)$
23rd May 2024 - Jardine Matheson Holdings Limited (the 'Company') today publishes its Interim Management Statement for the first quarter of 2024.
The performance of the Group's businesses in the first quarter was in line with the same period last year, with strong growth from DFI Retail Group ('DFI') and stable performances from Hongkong Land and Mandarin Oriental, partially offset by lower contributions from Astra, J...

$DFIRG USD (D01.SG)$ more mainlanders to visit hongkong now!

$JMH USD (J36.SG)$ bought back and cancel 602,000 shares at $39.02 via 3 married trades today. total $31.5m sgd.
who sold to them?

$JMH USD (J36.SG)$ in 2022 2H, jmh did around $837m profit. if it is really broadly in line, and add to 2023 1H of $823m, 2023 will be $1660m vs $1584m, which will be 4.7% higher than last year? so it still doesnt make sense why it is trading at 2020 low?