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An Investor’s Quick Overview Of Jardine Matheson Holding Limited’s Business – Jardine Pacific

Jardine Matheson Holdings Limited (SGX: J336) is a conglomerate with interest in the web of Jardines companies which include Jardine Cycle & Carriage Ltd (SGX: C07), Hongkong Land Holdings Limited (SGX: H78), Dairy Farm International Holdings Ltd (SGX: D01), Mandarin Oriental Limited (SGX: M04), Jardine Lloyd Thompson and Jardine Pacific.

Given the complexity of this business, it may be useful for us to take a look at each of the segments separately. In this article, we will do a quick review of Jardine Pacific FY17 first-half business performance.

As a quick introduction, Jardine Pacific owns businesses in the areas of engineering and construction, airport and transport services, restaurants and IT.

Profit breakdown:

Source: Jardine Matheson FY17 First Half Result Presentation

The above is a quick overview of the separate businesses within Jardin Pacific.

Here, we see that all segments either maintained or grew their profits.

The biggest improvement came from Gammon, due to weaker performance last year as a result of project timing. This was followed by Transport Services due to higher throughput and Jardine Schindler, due to growth in new installations and in its maintenance portfolio. Jardine Restaurants did well due better performance in Taiwan and Vietnam

The weak link here was the IT business that saw profitability eroded in the first half of 2017 due to weak IT market.

Conclusion:

As a whole, Jardine Pacific performed positively in the first half of FY2017.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned. Motley Fool has recommendations for Hongkong Land and Dairy Farm.