Jardine Matheson Holdings

As at 12.52pm, shares in Wilmar were trading 25 cents lower or 5.4% down at $4.41.

CGS-CIMB analyst William Tng has upgraded Jardine Matheson to “add” from “hold” due to its strong balance sheet that can help see the company through the uncertainties arising from Covid-19.

Jardine Matheson and Jardine Strategic both saw earnings for the half-year period decline 49% y-o-y to US$373 million ($513.2 million) and US$395 million respectively.

On May 22, Kwong Yong Sin, former group managing director at Silverlake Axis, the provider of software for banks, bought 250,000 shares from the open market at an average price of 22.5 cents.

Here are three stocks to watch for the coming week: Jardine Matheson Holdings, Keppel Corporation and Cache Logistics Trust.

“Our earnings cuts reflect the downward revisions for its operating subsidiaries given the current uncertainties from the Covid-19 outbreak,” says analyst William Tng.

Jardine Matheson Holdings and Jardine Strategic Holdings have reported higher earnings for FY2019 ended December on the back of one-off gains, even as underlying net profit fell on lower revenue.

SINGAPORE (Oct 14): Walk into a Starbucks here and you will likely encounter tables strewn with used paper cups, plastic cups and straws, sticky with the residue of milky coffees and Frappuccinos. If the outlet was particularly busy, the trash bin would b

SINGAPORE (Sept 26): Singapore Exchange will introduce price bands during its securities auction routines to guard against “severe price dislocations” after Jardine Matheson Holdings’ shares plunged 83% earlier this year.

SINGAPORE (Aug 12): Amid the market volatility, investors are seeking refuge in safe-haven asset classes. Gold rallied above US$1,500 an ounce — the highest level since 2013, extending a 17% gain since the start of the year. Silver surged as well. “Tu