Stocks to watch: Jardine Matheson, Hongkong Land, DFI Retail, NetLink, Sembcorp

THE following companies saw new developments that may affect trading of their securities on Friday (May 19): 

Jardine Matheson Holdings (JMH): The company announced on Thursday that it had achieved a “strong overall performance” in the first quarter of the year ended March, with most of its business units performing well compared with the corresponding quarter last year. However, it warned that challenges remain from the global economic environment and softening commodity prices. Shares of JMH fell 0.5 per cent or US$0.23 on Thursday to close at US$49.60, before the announcement. 

Hongkong Land : The property group said that its underlying profit for the first fiscal quarter ended March was lower than that of the corresponding quarter in 2022. This was mainly due to reduced contributions from its development properties business on the back of fewer planned sales completions on the Chinese mainland. Shares of Hongkong Land fell 0.5 per cent or US$0.02 to US$4.38 on Thursday, before the announcement of the results.