Ahead of Wednesday's holiday for Wesak Day, the Singapore stock market had ended the three-day winning streak in which it had gathered almost 25 points or 0.6 percent.
Jardine Matheson Holdings Ltd on Thursday said it expects underlying profit for 2024 to be slightly lower than in 2023, citing current market conditions.
Jardine Matheson is a Bermuda-headquartered.
JARDINE Matheson Holdings on Thursday (May 23) reported that the performance of its businesses in the first quarter of 2024 was similar with that in the year-ago period.
With heightened refinancing costs impacting property values and changing consumer behaviour stifling demand for commercial and residential real estate in the Asia-Pacific region broadly, South and Southeast Asia have stood out with pockets of optimism in this sector.