Jardine Matheson

Diversified Asia-based conglomerate with property assets

Jardine Matheson

Diversified Asia-based conglomerate with property assets

Overview

Jardine Matheson is an Asia-based, diversified group with a portfolio that includes cash-generating businesses and long-term property assets, mainly operating in China and Southeast Asia. It creates value by pursuing steady, sustainable returns and offering high-quality products and services through its market-leading enterprises, including a long-running partnership with Maxim’s Group for food, beverage, and retail activities such as securing prime locations and producing ready meals for stores. The company is guided by a strong emphasis on corporate governance and a sustainability plan called Towards, which focuses on climate action, responsible consumption, and social inclusion to address social and environmental trends. In short, Jardine Matheson builds its business through a mix of consumer, property, and strategic investments across Asia to deliver steady growth and long-term value for its communities and shareholders.

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About Jardine Matheson

Simplify's Rating

Why Jardine Matheson is rated

B-

Rated B on Competitive Edge

Rated B on Growth Potential

Rated C on Differentiation

Industries

Food & AgricultureReal EstateConsumer Goods

Company Size

501-1,000

Company Stage

IPO

Headquarters

Central and Western District, Hong Kong

Founded

1832

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What believers are saying

October 13, 2026 guidance rose to US$5.50-US$5.65 after strong first-three-quarter performance.
I-MED closed October 1, 2026, adding Australia healthcare and Harrison.ai exposure.
Gammon became wholly owned on October 13, 2026, immediately expanding controlled earnings and cash flow.

What critics are saying

Hong Kong and Singapore project cycles still drive Gammon earnings, exposing 2027 volatility.
I-MED integration needs execution discipline; overpaying at AUD3.4 billion destroys the new growth story.
If Jardine’s investment-company pivot stalls, the conglomerate discount returns and capital recycling loses credibility.

What makes Jardine Matheson unique

Jardine Matheson’s 2026 pivot makes it a control investor, not a passive conglomerate.
JeI platform unites Gammon, JEC, Jardine Schindler, and Hactl across Asia infrastructure.
Lincoln Pan and Ben Keswick are reshaping capital allocation around high-quality, scalable businesses.

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Funding

Total Funding

$10.2M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!

Post IPO Equity Funding Comparison Coming Soon

Stock Price

Company News

Kalkine Media

Nov 4th, 2026

Balfour Beatty sells Gammon stake to Jardine Matheson for $317.5M, sharpening UK and US focus

Balfour Beatty agreed on October 13, 2026 to sell its 50% stake in Hong Kong contractor Gammon to joint venture partner Jardine Matheson for £250 million in cash. The deal sharpens the infrastructure group's focus on the UK and US. Payment comes in three equal tranches, the first being £83.3 million. The stake was carried at £86 million at June 30, 2026, and Gammon will be reported as a discontinued operation in the 2026 accounts. Balfour Beatty's share of Gammon's operating profit was £36 million for 2025 and £11 million for the first half of 2026. The first tranche will be retained and considered in the year-end capital allocation review. No use was stated for later payments. Shares stood at 852.00p, down 1.50% on the day.

AD HOC NEWS

Oct 20th, 2026

Jardine Matheson lifts guidance to USD 5.50-5.65: Jardine Matheson stock loses 16.60 percent.

Jardine Matheson lifts guidance to USD 5.50-5.65: Jardine Matheson stock loses 16.60 percent. Published on 10/20/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS Results are scheduled for November 20, 2026. Jardine Matheson stock costs EUR 51.10 on October 20, 2026, up 0.79 percent versus the Tradegate close. Guidance and reporting date. * On October 13, Jardine Matheson raised 2026 underlying earnings guidance to USD 5.50-5.65 per share. * Jardine Matheson is scheduled to report third-quarter 2026 results on November 20, 2026. * Jardine Matheson stock costs EUR 51.10 at Lang & Schwarz on October 20, 2026 at 7:05 p.m. CEST, 0.79 percent above the Tradegate close. Jardine Matheson raised its 2026 underlying earnings guidance to a range of USD 5.50-5.65 per share on October 13, up from USD 5.33 previously, according to FinanzNachrichten. Jardine Matheson was trading at EUR 51.10 at Lang & Schwarz on October 20, 2026 at 7:05 p.m. CEST, up 0.79 percent versus the Tradegate close of EUR 50.70 on October 20, 2026. Discover more Find Real Estate Read Company News Hire Contractors Guidance moves above the old range. The revised guidance followed stronger portfolio performance during the first three quarters, while the company also agreed to buy Balfour Beatty's 50 percent stake in Gammon Construction for GBP 250 million, according to FinanzNachrichten. The consideration is due in three equal tranches through 2028, and Gammon is being placed within Jardine Engineering and Infrastructure. The higher range is 3.19 percent above the former USD 5.33 indication at its lower end and 6.00 percent higher at its upper end. That comparison puts the earnings update ahead of the next scheduled reporting milestone. Stock remains above its yearly low. Jardine Matheson last traded at USD 57.41 on the Singapore Exchange on October 20, 2026 at 5:04 a.m. CEST, according to the market quote timestamp. The 52-week range was USD 52.85 to USD 82.50, placing the stock 8.63 percent above its low and 30.41 percent below its high. The year-to-date decline was 16.60 percent as of October 16, 2026. Valuation and results date. Jardine Matheson had a price-to-earnings ratio of 12.16 and a market capitalization of USD 16.8 billion as of October 20, 2026. The company is scheduled to report third-quarter 2026 results on November 20, 2026, as listed by Simply Wall St. For broader earnings context, Jardine Matheson reported adjusted underlying net profit of USD 735 million for the first half of 2026, up 9 percent year over year. The interim dividend was proposed at USD 0.65 per share, 8 percent above the prior-year payment, according to the Jardine Matheson investor page. Discover more Invest in Stocks Comparison with peers. Jardine Matheson: up 0.79 percent, price-to-earnings ratio 12.16, market capitalization USD 16.8 billion. CK Hutchison Holdings (Hong Kong Stock Exchange, HKD): down 0.68 percent, price-to-earnings ratio 6.63, market capitalization HKD 250.7 billion. Swire Pacific (Hong Kong Stock Exchange, HKD): down 0.45 percent, price-to-earnings ratio 16.00, market capitalization HKD 109.6 billion. What comes next for the stock. The guidance range and the November reporting date give investors two concrete markers for judging whether Gammon and the wider portfolio can support the higher earnings outlook. The current euro quote remains 8.63 percent above the stock's 52-week low in Singapore-dollar trading terms. The further course of trading is shown by the continuously updated real-time quote of Jardine Matheson stock. Jardine Matheson stock facts. * Company: Jardine Matheson Holdings Limited * ISIN: BMG507361001 * WKN: 869042 * Ticker: J36 * Primary exchange: Singapore Exchange * Price Lang & Schwarz (as of October 20, 2026, 7:05 p.m. CEST): EUR 51.10 * Change versus Tradegate close: plus 0.79 percent * Tradegate close (October 20, 2026): EUR 50.70 * Market capitalization: USD 16.8 billion (as of October 20, 2026) * 52-week range: USD 52.85-82.50 (as of October 20, 2026) * Sector / Industry: Industrials / Conglomerates Sponsored Ad Jardine Matheson stock: new analysis - 22 October. Fresh Jardine Matheson information released. What's the impact for investors? Our latest independent report examines recent figures and market trends. Disclaimer regarding our articles: This is not investment advice, nor is it a recommendation to buy or sell. Information regarding prices, companies, and markets is provided without guarantee; changes may occur at any time. Stock market transactions can result in significant losses. Our articles are created and reviewed, in whole or in part, automatically with the assistance of AI. en | BMG507361001 | JARDINE MATHESON | boerse | 70376510 | bgmi

HLC

Oct 15th, 2026

Hogan Lovells Cadwalader advises Balfour Beatty on £250 million sale of its stake in Gammon Construction.

Hogan Lovells Cadwalader advises Balfour Beatty on £250 million sale of its stake in Gammon Construction. Press releases | 15 October 2026 London, 15 October 2026 - Hogan Lovells Cadwalader has advised Balfour Beatty plc ("Balfour Beatty") on the £250 million sale of its 50% shareholding in Gammon construction ("Gammon") to its joint venture partner, Jardine Matheson. The transaction sees Balfour Beatty exit its long-standing joint venture with Jardine Matheson, which dates back to 2004, with Jardine Matheson taking full ownership of Gammon. Gammon is a leading Hong Kong-based contractor, with strong capabilities across civil infrastructure and building construction. The transaction was led by corporate partner Dan Simons. Commenting on the transaction, Dan said: "We are delighted to have advised Balfour Beatty on this significant transaction. It has been a pleasure working with the Balfour Beatty team on the successful completion of the sale, which marks an important milestone for the business and will enable Balfour Beatty to focus further on its core US and UK geographies." The Hogan Lovells Cadwalader core corporate team supporting Dan Simons in London were Scott Prior (senior associate), Wilson Pek (senior associate), Sonia Doal (trainee) and Jake Robins (trainee), and in Hong Kong were Shaohui Jiang (partner), Michael Wong (partner), Aldo Boni De Nobili (counsel), Alice Ma (counsel) and Amanda Liu (senior associate). Additional specialist support in London was provided by Tom Eyre-Brook (partner) and Max Oliver (associate) on tax; Richard Welfare (partner) and Jenni Crust (senior associate) on SOAR; and Charlie Shute (counsel) on insurance.

MarketScreener

Oct 13th, 2026

Jardine Matheson buys Balfour Beatty's 50% Gammon stake for $317.5M, raises 2026 guidance

Jardine Matheson Holdings Ltd has bought the remaining 50% of Gammon Construction from London-based Balfour Beatty PLC, making it the Hong Kong builder's sole owner. It has held a stake in Gammon since 1969. The total price is £250 million, paid in three equal tranches. The deal is expected to be modestly accretive from its first year, with no post-closing price adjustments. Jardine Matheson also raised its 2026 guidance. It expects underlying earnings per share of $5.50 to $5.65, up from $5.33 previously, which is growth of 3% to 6% over adjusted 2025 earnings. Chief executive officer Lincoln Pan said the deal expands Jardine Engineering & Infrastructure, whose earnings the company aims to double in the coming years.

The Business Times

Oct 13th, 2026

Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share.

Jardine Matheson raises 2026 earnings guidance as high as US$5.65 per share. It also acquires the remaining 50% of Gammon Construction it did not already own for US$330 million Published Tue, Oct 13, 2026 · 08:58 AM * The Gammon transaction is expected to be "modestly accretive" from its first year, says Jardine Matheson. PHOTO: REUTERS [SINGAPORE] Jardine Matheson expects its 2026 earnings per share (EPS) to come in between US$5.50 and US$5.65, reflecting stronger than previously expected portfolio performance, it said on Tuesday (Oct 13). The company, which previously expected EPS of about US$5.33, said the new range will be a 3 to 6 per cent increase over its 2025 EPS when adjusted for disposals and reclassifications that year. Jardine Matheson on Tuesday also said that it has acquired a 50 per cent stake in Gammon Construction from Balfour Beatty, making it the sole owner, for £250 million (US$330 million). The cash will be paid in three tranches: at completion on Tuesday, on Dec 31 next year and on Dec 29, 2028. The transaction is expected to be "modestly accretive" from its first year, said Jardine Matheson, adding that pricing is not subject to post-closing adjustments. The company will also acquire the Gammon Construction business inclusive of all future dividend entitlements and cash on balance sheet. Gammon Construction, an Asian construction and engineering company operating primarily in Hong Kong and Singapore, "enhances growth and scale for Jardine Engineering & Infrastructure (JE&I)", said Jardine Matheson, which has been a Gammon investor since 1969. JE&I combines the wholly owned Jardine Engineering Corporation and Gammon Construction with two joint venture assets, Jardine Schindler and Hactl, into a new platform. The business times turns 50. Five decades of milestones and moments that shaped Singapore's success story - told through our headlines. Explore BT50" It is led by Kevin O'Brien, former CEO of Gammon Construction and Jardine Engineering Corporation, and has plans for growth supported by "targeted" mergers and acquisitions - starting with Gammon Construction. O'Brien said he expects a "significant opportunity" for Gammon to continue its growth trajectory through capturing broader regional growth trends, including demand from artificial intelligence for supporting infrastructure, energy and sustainable solutions and accelerating industrialisation across Asia. Lincoln Pan, CEO of Jardine Matheson, said: "Our goal remains doubling the earnings of JE&I in the coming years by focusing on strategic investments that expand controlled earnings and capabilities across Asia." Shares of Jardine Matheson closed 1.6 per cent or US$0.90 lower at US$55.83 on Monday.

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