$JMH USD (J36.SG)$ Citi Research analysts George Choi and Ry...
Citi Research analysts George Choi and Ryan Cheung are upgrading their "neutral" call on Hong Kong-based conglomerate Jardine Matheson Holdings to "buy" at an unchanged target price of US$40.50 ($53.78) following the group's 1HFY2024 net profit of US$550 million, which came in 33% lower y-o-y.
Choi and Cheung note in their report that without the Hongkong Land-related impairment charge of US$255 million, net profit during the period was down 14% y-o-y, compared to the pair's FY2023 earnings growth forecast of 5% y-o-y.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
7552Followers
45Following
26KVisitors
Follow