Jardine Matheson

They see JMH’s goals as ‘achievable minimum yardsticks’ that reinforce the group’s strategic transformation story

It is also eyeing annualised total shareholder return of at least 9% over the next five years

For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting

The company and its subsidiaries are shedding capital-intensive assets across sectors

Across the broader market, losers beat gainers 322 to 257, after 1.9 billion securities change hands

Deal will be funded through existing cash and debt

The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo

Most of its value resides in Jakarta-listed Astra International, while its own parent has secondary listing in Singapore

Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings