why I think Jardine Matheson is a good buy
Stock: Jardine Matheson*
Shares of biggest Singapore- conglomerate Jardine Matheson drop as much as 9.6%, the most since Sept. 2021, as the weighting of the stock has been cut in the MSCI Hong Kong Index and the MSCI Hong Kong Large Cap Index. Stock falls to its lowest since Feb. 2021 with volumes at more than 2.7 times 3-month average.
—-$JARDINE CYCLE & CARRIAGE LTD(C07.SI)$$JARDINE MATHESON HLDGS LTD(J36.SI)$
JMH most recent result announcement (29th Jul):
Jardine Matheson announced a 22 per cent increase in H1 2022 underlying net profit to US$747 million from US$615 million a year ago in a regulatory filing on Thursday. Revenue for the period grew 4 per cent to US$18.2 billion from US$17.5 billion a year ago
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