|Bid||4.3300 x 0|
|Ask||4.3500 x 0|
|Day's range||4.2900 - 4.3500|
|52-week range||3.7200 - 5.1700|
|Beta (5Y monthly)||0.21|
|PE ratio (TTM)||21.75|
|Earnings date||29 Jul 2021 - 30 Jul 2021|
|Forward dividend & yield||0.17 (3.79%)|
|Ex-dividend date||25 Mar 2021|
|1y target est||9.61|
Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure of the sprawling Asian conglomerate. Singapore-listed Jardine Matheson, whose businesses include construction, aviation and automotive, has offered to pay $33 in cash for each Jardine Strategic share, representing a premium of 20% to the stock's closing price on Friday. "This 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 statement.
Hong Kong's new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said. Whether these banks can take significant share from Hong Kong stalwarts such as HSBC and Standard Chartered and become profitable is being closely watched in other Asian markets where regulators are also encouraging new challengers. ZA Bank, operated by a unit of ZhongAn Online P&C Insurance Co Ltd, has set itself the goal of breaking even in five years.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Rupee hits highest level since mid-March * South Korean shares down on GDP forecast cut By Shriya Ramakrishnan Aug 27 (Reuters) - Indian rupee led Asian currencies with a more than half percent gain on Thursday, adding to this week's central bank-inspired appreciation against the dollar, while South Korean shares sank after Bank of Korea slashed its economic outlook for the year. The rupee had surged 1% on Monday as dealers reported a halt in central bank buying of the dollar, widely understood to be aimed at aiding the competitiveness of Indian exporters as the economy struggles with one of the world's worst coronavirus outbreaks. Seoul's export-focused KOSPI closed more than 1%lower, ending a four-day rally as the grim forecasts from the Bank of Korea added to its highest daily spike in COVID-19 infections since March.