Jardine Matheson is a diversified Asian conglomerate with interests in property investment and development, food retailing, luxury hotels, financial services and others.
Image: company website
It was founded in China in 1832 and its name derived from its founders William Jardine and James Matheson. It is headquartered in Hong kong although it is incorporated in Bermuda with primary listing on London Stock Exchange and it operates more than 440,000 employees across its business units.
The conglomerate consists of Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage, Astra. More than 90% of its profit comes from Greater China and Southeast Asia. Sector wise it earns quarter of revenue from property investment and another quarter from motor vehicles.
Jardine Pacific provides engineering and construction services for airport and transport services, restaurants etc. Jardine Motors sales and services motor vehicles and other related activities in Hong Kong, Macau and the United Kingdom. Jardine Lloyd Thompson provides insurance, reinsurance and other advisory and brokerage services. Hongkong Land develops high quality residential and mix use projects in Greater China and Southeast Asia region. Dairy Farm is its retailing arm which employs over 180,000 employees with operations in Food services (supermarkets, convenience stores etc.), Health and Beauty, Restaurants and Home Furnishings. Mandarin Oriental owes and operates many luxury hotels and resorts. Jardine Cycle and Carriage operates motor dealerships and related financing and cement production. Astra International has businesses in the automotive sector, financial services, Information Technology, Agribusiness and Infrastructure. It provides full range of motorcycles and automobiles by partnering with major auto manufacturers such as Toyota, Peugeot, BMW and others.
The current performance of the group has been hampered by a slowing Chinese economy and lower commodity prices. It expects to benefit from increasing income levels in the region.