Singapore stock preview: JMH, JSH, Yangzijiang, Del Monte

These are the SGX-ST mainboard stocks to note for the week of 08 March 2021.

  • Jardine Matheson Holdings (SGX: J36) shares rallied 7.5% after the group announced plans to acquire the remaining 15% of Jardine Strategic Holdings shares
  • Jardine Strategic Holdings (SGX: J37), meanwhile, saw shares open 36% higher following the announcement on Monday (08 March)
  • Yangzijiang Shipbuilding Holdings (SGX: BS6) share price is up 3.7%, after recently entering into 31 new shipbuilding contracts worth US$1.74 billion
  • Trade these Singapore stocks, long or short, with an IG account

1. Jardine Matheson Holdings (SGX: J36), Jardine Strategic Holdings (SGX: J37)

Jardine Matheson Holdings announced on Monday (08 March 2021) the simplification of the parent company structure of the group.

The plans include an estimated US$5.5 billion acquisition by Jardine Matheson, for cash, of 15% of Jardine Strategic Holdings Limited’s issued share capital that it and its wholly-owned subsidiaries do not already own.

Under the terms of the acquisition, Jardine Strategic shareholders are entitled to receive US$33 in cash for each Jardine Strategic ordinary share that they hold.

The acquisition price represents a premium of approximately 20.2% to the closing price of US$27.45 per Jardine Strategic Share on 05 March 2021.

Jardine Matheson will also cancel Jardine Strategic’s 59% shareholding in Jardine Matheson as part of the acquisition, expected to become effective by the end of April 2021. Jardine Matheson will then own 100% of Jardine Strategic.

The exercise will result in a single holding company with a conventional ownership structure and a further increase in the group’s operational efficiency and financial flexibility, it said in a press release.

Jardine Matheson’s shares are up 7.5% as at 10:00 SGT on Monday. Meanwhile, Jardine Strategic shares opened 36% higher on the same day.

2. Yangzijiang Shipbuilding Holdings (SGX: BS6)

Yangzijiang Shipbuilding recently entered into shipbuilding contracts for 31 more vessels, with a total contract value of US$1.74 billion, it said in an SGX filing on Friday (05 March 2021).

This included four 15,000TEU containerships, five 12,200TEU containerships, four 11,800TEU containerships, four 2,600TEU containerships, four 1,800TEU containerships and ten 82,300DWT bulk carriers.

The contracts are mainly scheduled for deliveries between 2022 and 2023, and will not have any significant impact on the earnings of the group for the financial year ending 31 December 2021.

Year to date, the group has secured a total of 60 effective shipbuilding contracts with an aggregate value of US$3.04 billion.

Yangzijiang Shipbuilding shares opened 3.7% higher at S$1.12 each on Monday.

3. Del Monte Pacific (SGX: D03)

Del Monte Pacific Limited is scheduled to report its third quarter results for the 2021 financial year after market close on Wednesday (10 March 2021).

In the most recent reporting quarter – Q2 FY2021 – the group achieved sales of US$623.5 million, which were 12% higher year-on-year, mainly driven by increased sales in the US and the Philippines.

Del Monte Pacific also delivered earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$94 million and net profit of US$22 million, a turnaround from 2020’s losses due to one-off expenses.

Meanwhile, in the third quarter of FY2020, the group generated sales of US$555.3 million, 5% higher than prior year quarter due to improved sales across all its key markets, namely the US, Philippines and Asia.

Del Monte Pacific shares opened 8.3% higher on Monday at S$0.26 each.

How to trade Singapore shares with IG

Are you feeling bullish or bearish on these SGX-listed stocks?

Either way you can buy (long) or sell (short) the asset by investing in the share directly on IG’s market-leading trading platform, in a few easy steps:

  1. Create a live or demo IG Trading Account, or log in to your existing account
  2. Enter <company name (i.e. Jardine Matheson Holdings> in the search bar and select the instrument
  3. Choose your position size
  4. Click on ‘buy’ or ‘sell’ in the deal ticket
  5. Confirm the trade

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.