$

JCYC

JARDINE C&C
JCYC.SI
Last Price
0.00
GMT / 17 JUL 2019
Value Change [%]
0.00
[(0.00%)]
Volume
00
Open
0.00
Day's High
0.00
Year's High
38.16
Previous Close
35.78
Day's Low
0.00
Year's Low
27.66
Earnings Per Share
2.05
P/E Ratio
17.45
Lot Size
100
Div. Yield (%)
3.33
Dividend
1.19
Div. Pay Date
25 JUN 2019
Ex-Div. Date
13 MAY 2019
Last Trade
0.00
Last Trade Time (GMT)
Last Trade 2
0.00
Last Trade 3
0.00
Volume
00
Turnover
00
Bid
35.60
Bid Size
500
Ask
36.72
Ask Size
1,000
Close Bid
35.75
Close Ask
35.79
aseanexchanges
@aseanexchanges

Jardine Cycle & Carriage Limited (J&C) is a Singapore-based investment holding company and a provider of management services. The Company, along with its subsidiaries, is engaged in the manufacture, assembly, distribution and retail of motor vehicles and motorcycles, financial services, heavy equipment and mining, agribusiness, information technology, infrastructure and logistics. As of December 31, 2011, the Com r interests in Southeast Asia. JC&C has directly-held motor subsidiaries operating in Singapore and Malaysia under the Cycle & Carriage banner, as well as other motor interests in Indonesia and Vietnam. During the year ended December 31, 2011, the Company acquired a 95% interest in the greenfield 40.5 kilometers Kertosono-Mojokerto toll road near Surabaya. pany had over 50% interest in Astra, an Indonesian conglomerate, as well as other

  • Market News
BREAKINGVIEWS-Jardine maps a road to younger Asia for its peers
20 September 2019
source: reuters.com
 (The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Katrina Hamlin
    HONG KONG, Sept 20 (Reuters Breakingviews) - For Hong Kong’s
tycoons, Southeast Asia is looking like a tempting getaway.
Jardine Matheson  JARD.SI , one of the best-known colonial-era
trading houses, moved its headquarters out of the territory
ahead of the handover to China in 1997. It has since thrived in
Indonesia and Vietnam. That region’s long-term prospects, plus
uncertainty over the future up north, suggests that even with
cooler growth, more rivals may follow.
    In the 1990s, Asian markets outside Greater China accounted
for a mere 1% of Jardine Matheson’s core business. Last year,
Hong Kong made up 40% of the bottom line, but just as much came
from Southeast Asia. It has proven a lucrative spot: underlying
profit there grew by more than a fifth last year, outperforming
14% growth in China and Hong Kong.  
    Much of that is down to consumers. Disposable income in
Indonesia has quintupled since 1997, while Vietnamese spenders
have more than nine times as much cash as they did just over two
decades ago. Jardine’s empire stretches to pharmacies,
convenience stores, supermarkets and home furnishings, from
Brunei to Cambodia.
    It’s not all rosy. Malaysia and others are cooling, thanks
to a trade war, a tech downturn and structural hurdles like poor
logistics: growth of just over 5%, as Indonesia recorded in the
second quarter, is not enough to create jobs for a population of
roughly 270 million. It’s also become harder to change in time
with some of the most internet-savvy consumers in the world:
Jardine’s Astra  ASII.JK  venture has invested in $10 billion
taxi-to-delivery app Go-Jek, in part to keep up.
    But there’s plenty to envy. Compare Indonesia’s growing
retail sales with Hong Kong’s slides in July and August; Vietnam
should still be one of the fastest-growing economies in Asia
this year. 
    Of course, Jardine is not alone in having sought to
diversify. Tycoon Li Ka-shing has struck deals all around the
globe, and his successor Victor Li continues the family
tradition. Others are dipping their toes in the water: Stanley
Ho’s flagship Shun Tak  0242.HK  made its first foray into
Singaporean hotels last year, and says it is now exploring
beyond Greater China. A bolthole abroad will only get more
popular.
    On Twitter https://twitter.com/KatrinaHamlin
    
    CONTEXT NEWS
    - Jardine Matheson reported on Aug. 2 that its first-half
underlying profit fell 3% from a year earlier, to $738 million.
The company noted a slowdown in the Indonesian auto market had
an impact on the earnings. 
    - Affiliate Jardine Cycle & Carriage reported underlying
profit dipped 1% to $407 million over the same period. 
    - Astra International, Indonesia's largest automobile
distributor, on July 18 launched a joint venture with Go-Jek to
provide cars to the ride-hailing firm. The move follows an
investment in Go-Jek worth $250 million overall. Astra is 50.1%
owned by Jardine Cycle & Carriage. 
    - For previous columns by the author, Reuters customers can
click on  HAMLIN/  
    - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Indonesia's Astra bets on ride-hailing firm Go-Jek as car sales
dive     urn:newsml:reuters.com:*:nL4N24J1RC
BREAKINGVIEWS-Air China edges closer to Cathay Pacific’s cockpit
    urn:newsml:reuters.com:*:nL4N251087
BREAKINGVIEWS- Cathay shakeup clarifies China’s corporate muscle
     urn:newsml:reuters.com:*:nL8N25C24J
BREAKINGVIEWS-Victor Li is a half mark up on Hong Kong’s tycoons
    urn:newsml:reuters.com:*:nL4N24X18G
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Clara Ferreira Marques and Sharon Lam)
 ((katrina.hamlin@thomsonreuters.com; Reuters Messaging:
katrina.hamlin.thomsonreuters.com@reuters.net))
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