What’s’moving in the markets - 8 Mar

🌱 Jardine Matheson reported underlying profit of US$1.66 billion for fiscal year 2023, an increase of 5% compared to the previous year. The company has proposed a final dividend of US$1.65 per share, bringing its full-year payout to US$2.25

🌱 DFI Retail Group reported an underlying profit of US$155 million for fiscal year 2023, improving from an underlying profit of US$29 million for fiscal year 2022, driven by a strong recovery in its health and beauty and convenience divisions. The company has proposed a final dividend of 5 US cents, bringing the full year dividend to 8 US cents.

🌱Hong Kong Land reported a loss of US$582 million for fiscal year 2023, after taking a write-down of US$1.3 billion relating to revaluation losses for its portfolio of investment properties in Hong Kong. The company proposed a final dividend of 16 US cents, which will bring the full year dividend to 22 US cents.

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