Jardine Cycle & Carriage (Jardine C&C)

Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y - THE EDGE SINGAPORE

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.
Jardine C&C reports 1HFY2023 earnings of US$648 mil, up 33% y-o-y - THE EDGE SINGAPORE

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.
Stocks like Delfi, Marco Polo Marine and Raffles Medical could benefit from Indonesia's strong economic performance - THE EDGE SINGAPORE

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.

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.
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
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