JARDINE MATHESON HOLDINGS LTD (J36) - Dividend Machines by The Fifth Person

Q&A › Category: Dividend Stocks › JARDINE MATHESON HOLDINGS LTD (J36)

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Brandon Wong asked 1 year ago

Hi, Can recap again why JARDINE MATHESON HOLDINGS LTD (J36) had a negative net income for FY2024? Thanks.

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Rusmin Ang Staff answered 1 year ago

Hi Brandon It is due to fair value losses. Jardine owns a bunch of commercial properties in H via HKLand. HK is going through turbulent times since riot started in 2019. The fair value loss is paper loss and shouldn't affect their underlying income.