Jardine Cycle & Carriage (Jardine C&C)

Jardine Cycle & Carriage acquires remaining 30% stake in Republic Auto for $30 mil - THE EDGE SINGAPORE

M&A

Jardine Cycle & Carriage acquires remaining 30% stake in Republic Auto for $30 mil

Following the acquisition, Republic Auto will become a wholly-owned subsidiary of the company.
Jardine Cycle & Carriage to acquire remaining shares in Cycle & Carriage Bintang at RM2.40 per offer share - THE EDGE SINGAPORE

Corporate moves

Jardine Cycle & Carriage to acquire remaining shares in Cycle & Carriage Bintang at RM2.40 per offer share

Should the offer be fully accepted, the total consideration of the offer shares will stand at RM98.9 million.
CGS-CIMB downgrades Jardine Matheson Holdings to 'hold' on weak 4Q performance - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades Jardine Matheson Holdings to 'hold' on weak 4Q performance

CGS-CIMB analyst William Tng has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously.

Results

Jardine Matheson Holdings says it continues to face 'challenging trading conditions' in 3Q update

While the group registered “some improvement” across its businesses q-o-q, net underlying profit declined y-o-y.

Results

Jardine Cycle & Carriage’s 1H20 earnings fall 66% to US$138 mil due to weaker performance from Astra

The board has declared an interim one-tier tax exempt dividend of 9 US cents per share for the half-year period, compared to the 18 US cents per share declared in 1H19.

Debt and defaults

Debt danger lurks in Covid-19 shadow

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Results

Jardine C&C's 9M earnings nearly double to US$729 mil, but underlying earnings down 9% to US$614 mil

SINGAPORE (Nov 7): Jardine Cycle & Carriage (JC&C), a holding company of Jardine Matheson, announced that its earnings have nearly doubled to US$729 million ($991 million) for the 9M19 ended September, from US$374 million in 9M18.

Markets

Safe-haven play gold crosses US$1,500; Jardine family stocks hit by Hong Kong woes

SINGAPORE (Aug 12): Amid the market volatility, investors are seeking refuge in safe-haven asset classes. Gold rallied above US$1,500 an ounce — the highest level since 2013, extending a 17% gain since the start of the year. Silver surged as well. “Tu

Results

Jardine Matheson and Jardine Strategic report higher earnings in 1H on one-off gain

SINGAPORE (Aug 2): Jardine Matheson Holdings and Jardine Strategic Holdings reported 152% and 75% higher earnings of US$2.3 billion ($3.2 billion) and US$1.7 billion respectively for the 1H ended June.

Company in the news

Jardine C&C launches Southeast Asian scholarship fund

SINGAPORE (Aug 1): Singapore-listed conglomerate Jardine Cycle & Carriage has announced a scholarship fund in collaboration with six universities across Singapore, Malaysia, Thailand, Vietnam, Myanmar and Indonesia.
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