An introduction to the Jardines
Shunned by local brokers, tightly-controlled, the venerable and storied Jardine group is nevertheless too important to miss
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TO someone looking at the Singapore market for the first time, it might be somewhat puzzling that about one-eighth of the weight of the benchmark Straits Times Index (STI) - made up of three stocks - is not covered by local brokers.
These stocks form part of the Jardine conglomerate: Jardine Matheson Holdings, Jardine Strategic Holdings, and Jardine Cycle and Carriage (C&C). If you include the full revenue contribution of all its associates and joint ventures, the ultimate holding company, Jardine Matheson, takes in about US$60 billion in revenue every year.
The history of the group is intertwined with the political, economic and industrial development of Hong Kong and China. Today, its interests span the region, including Singapore and Indonesia.
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