Yesterday, 11:12 AM
(04-08-2024, 05:50 PM)EnSabahNur Wrote: (1) HKL will exit certain non-core geographies and businesses ie. Those development stuff in SEA countries. But the buyers may be related parties like Astra and THACO.
(2) Jardines are well-known asset gatherers though. So any exits should be very minor. Any proceeds will also be doubled down into existing core geographies/ businesses (Greater China).
Why would they exit the SEA countries? I assume core here means HK/China/SG. Doubling down into HK/China would be.... interesting. Is it because there is long-term value or because they are forced to?
hi EnSabahNur,
I meant "development stuff in SEA countries", not SEA countries. Their grand plan release seem to hit the nail as the discussion here. Yes, I believe they surely did not seek counsel on this forum.
Jardines first arrived at China as merchant ships bringing opium, in return for angmoh-beloved tea leaves. And that was a long time ago. The Communists took everything away from them in Shanghai in 1949 but they rebuilt in HK. When 1997 came, they hedged via taking their primary listings/company domicile away from HK. Now, they have returned to Pearl of the South with a vengeance. The current Communists are definitely not the 1949 peasants.
With this long term history, I am pretty sure Jardines are not "forced to" invest in HK/China. But I am pretty sure that the last decade has forced them to revaluate their approach.