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Jardine Cycle & Carriage (Jardine C&C)
Results
Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y
The announcement follows news of Norway's sovereign wealth fund dumping its stake in the conglomerate over environmental concerns.
March 07, 2024
Results
Jardine C&C reports 1HFY2023 earnings of US$648 mil, up 33% y-o-y
For the period ended June, the group declared an interim dividend per share of 28 US cents, which will be paid on Oct 6.
July 30, 2023
Broker's Calls
Stocks like Delfi, Marco Polo Marine and Raffles Medical could benefit from Indonesia's strong economic performance
The sectors to look out for are consumer, commodity, healthcare tourism, plantation and marine-related.
June 13, 2023
Company in the news
Jardine C&C’s indirect subsidiary subscribes for 857 mil new shares in Nickel Industries Limited for A$943 mil
The consideration amount took into account Nickel Industries’ historical earnings and growth potential.
June 09, 2023
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.
June 30, 2021
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.
March 17, 2021
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.
December 02, 2020
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.
November 05, 2020
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.
July 30, 2020
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
May 29, 2020