JARDINE MATHESON Reports FY2023 Q2 Earnings: Total Revenue Up 0.2%, Net Income Up 33.8%

🌥️Earnings Overview

On July 28 2023, JARDINE MATHESON ($SGX:J36) revealed their FY2023 Q2 earnings results for the period ending June 30 2023, showing total revenue of USD 18307.0 million, a 0.2% increase year-on-year, and a net income of USD 566.0 million, up 33.8% year-over-year.

Analysis

Our Risk Rating system ranks JARDINE MATHESON as a low risk investment both from a financial and business perspective. However, GoodWhale has detected two risk warnings in the income sheet and balance sheet related to JARDINE MATHESON. In order to access this information, we suggest you register with us. Having this information can help you make a more informed decision about the potential risks associated with investing in JARDINE MATHESON. More…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Peers

In 1841, two Scottish merchants founded Jardine, Matheson & Co. in Canton, China. The company flourished in the Far East during the 19th century, and by the early 20th century, it had become one of the most powerful mercantile houses in Asia. The company’s principal competitors are Guoco Group Ltd, CJ Corp, and CK Hutchison Holdings Ltd.

– Guoco Group Ltd ($SEHK:00053)

Guoco Group Ltd is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates its businesses through four segments. The Property Development and Investment segment is engaged in the development of properties for sale, as well as the investment in properties. The Property Management segment is engaged in the provision of property management services. The Hotel Operations segment is engaged in the operation of hotels. The Others segment includes investment holding, as well as the provision of corporate and other services. The Company mainly operates businesses in Hong Kong, Mainland China, Malaysia, Singapore and the United Kingdom.

– CJ Corp ($KOSE:001040)

CJ Corp is a South Korean conglomerate with a market cap of 2.27T as of 2022. The company has a Return on Equity of 103.33%. CJ Corp is involved in a variety of businesses including food and food service, pharmaceuticals, biotechnology, entertainment, and logistics. The company has a strong presence in South Korea and has been expanding its operations internationally in recent years.

– CK Hutchison Holdings Ltd ($SEHK:00001)

CK Hutchison Holdings Ltd is a conglomerate holding company headquartered in Hong Kong. It was founded in 2015 by the merger of Cheung Kong Holdings and Hutchison Whampoa. It is the largest conglomerate in Hong Kong, with businesses in a variety of industries including telecommunications, ports and related services, retail, infrastructure, energy, and chemicals.

CK Hutchison has a market cap of 166.99B as of 2022. Its return on equity is 6.66%. The company is involved in a variety of businesses including telecommunications, ports and related services, retail, infrastructure, energy, and chemicals.

Summary

JARDINE MATHESON showed strong performance in their FY2023 Q2 earnings results for the period ending June 30 2023, with total revenues increasing 0.2% year-on-year to USD 18307.0 million and net income rising 33.8% to USD 566.0 million. This indicates positive signs for the company, and investors should take note of the potentially lucrative returns that this stock could offer. It is important to continue to monitor the company’s financial performance and any potential market changes that may affect the stock. With proper research and analysis, investing in JARDINE MATHESON could be a lucrative decision.