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Jardine C&C
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why buy Jardine C&C to get its unit astra indonesi
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chartistkao1
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13-Sep-2021 16:22
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Jardine Cycle & Carriage Limited(SGX:C07) stock is about to trade ex-dividend in four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Jardine Cycle & Carriage' s shares on or after the 30th of August, you won' t be eligible to receive the dividend, when it is paid on the 30th of September. The company' s upcoming dividend is US$0.18 a share, following on from the last 12 months, when the company distributed a total of US$0.52 per share to shareholders. Looking at the last 12 months of distributions, Jardine Cycle & Carriage has a trailing yield of approximately 3.6% on its current stock price of SGD19.83. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing. View our latest analysis for Jardine Cycle & Carriage Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Jardine Cycle & Carriage' s payout ratio is modest, at just 44% of profit. A useful secondary check can be to evaluate whether Jardine Cycle & Carriage generated enough free cash flow to afford its dividend. The good news is it paid out just 15% of its free cash flow in the last year. It' s positive to see that Jardine Cycle & Carriage' s dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. |
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chartistkao1
Supreme |
13-Sep-2021 16:13
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Astra profit contributions propel Jardine Cycle & Carriage to H1 earnings growthTHU, JUL 29, 2021 - 8:15 PM
JARDINE Cycle & Carriage (Jardine C& C), known in Singapore as a Mercedes-Benz dealer, on Thursday reported that first-half underlying profits more than doubled on the back of looser Covid-19 restrictions in its regional markets.
Its chairman Ben Keswick warned, however: " Although business conditions have since improved, the group remains cautious about performance in the second half of 2021, given the worsening Covid-19 situation in a number of countries across the region." Underlying earnings, which excludes non-trading items, jumped to US$346.5 million for the six months to June 30, from US$137.7 million before. The year-on-year growth, while broad-based, was led by contributions from Indonesian conglomerate Astra. |
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chartistkao1
Supreme |
09-Sep-2021 10:37
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CDL' s partnership with Hongkong Land may be better route for it to grow in ChinaThu, Jul 29, 2021 - 5:50 AM
UPDATED Thu, Jul 29, 2021 - 8:53 AM
 CDL was set up in September 1963 and listed on the then Malayan Stock Exchange in the same year.
PHOTO: CDL
HONGKONG Land' s HongkongLand USD: H78 +0.62% fully-owned subsidiary MCL Land and CityDev: C09 -0.45% (CDL) seem to have formed an alliance of sorts. Since March 2019, the duo have teamed up to bid for more than half a dozen residential sites at Singapore Government Land Sales (GLS) tenders. They have been successful on two occasions so far, both this year.
The first was in April, when they placed the highest bid for a plot directly connected to Farrer Park MRT station near Mustafa Centre. The site is designated for private housing development with commercial space at the first storey. Then, in May, an MCL Land and CDL partnership placed the winning top bid for the maiden executive condominium (EC) housing site in the new estate of Tengah in western Singapore. ECs are a public-private housing hybrid. Hongkong Land, a member of the Jardine Matheson Group, traces its beginnings back to 1889. CDL, meanwhile, was set up in September 1963 and listed on the then Malayan Stock Exchange in the same year. In 1969, Hong Leong Group, founded by Kwek Hong Png, bought into the company. Stay updated with
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chartistkao1
Supreme |
09-Sep-2021 10:35
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Brokers' take: Hongkong Land upgraded to ' buy' amid upbeat office market sentimentMon, Aug 02, 2021 - 4:08 PM
UPDATED Mon, Aug 02, 2021 - 4:21 PM
 Hongkong Land Co. Ltd. owns and manages some five million square feet of office and retail space in Hong Kong' s Central district.
PHOTO: BLOOMBERG NEWS
ANALYSTS from DBS Group Research, in a July 30 report, upgraded their call on Hongkong Land HongkongLand USD: H78 +0.62% to " buy" , amid expectations of an uptick in office market sentiment in Hong Kong' s Central.
The research team not only adjusted its recommendation upwards for the security from " hold" , it also upped its target price for Hongkong Land by 3.2 per cent or US$0.16 to US$5.23. Explaining their view, the analysts said that while the office market in Central is currently in a downturn, rental decline is moderating and vacancy figures are stabilising. In addition, they noted that retail is improving and that the ongoing pandemic is being gradually brought under control - thereby indicative of a trend of steady rental income for Hongkong Land. However, DBS projects that 55 per cent of these developments will be booked in the second half of FY2021, implying high earnings visibility in the near term. Beyond this, the analysts noted that Hongkong Land' s stock price slipped 8 per cent in the last three months, and is currently trading at a 60 per cent discount to their assessed net asset value, against its 10-year average of 41 per cent. Stay updated with
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chartistkao1
Supreme |
09-Sep-2021 10:15
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jardine can not rely on hedge funds to short its units to way below the ciggarette butt value
Hot stock: Hongkong Land surges as much as 13.6% on proposed US$500m share buyback planTue, Sep 07, 2021 - 1:22 PM
UPDATED Wed, Sep 08, 2021 - 6:52 AM
SHARES of mainboard-listed Hongkong Land Holdings HongkongLand USD: H78 +0.41% jumped as much as 13.6 per cent during Tuesday' s early morning trading session, following news of the property group' s proposed share buyback plan on Monday evening.
Hongkong Land said it intends to invest up to US$500 million to buy back its shares in a programme extending until Dec 31, 2022. The purpose of the share buyback is to reduce the company' s capital. Its counter reached a high of US$4.77 as at 10.38am on Tuesday, up 13.6 per cent or US$0.57. The last time the company' s shares were trading near this level was in June 2021. No married deals were recorded, according to ShareInvestor data. The company said in a bourse filing that the buyback is in line with its longstanding capital-allocation practice. This practice prioritises investment in new assets to drive long-term growth and shareholder value continue paying steady and over time, increasing dividends as well as invest in existing assets on an opportunistic basis, including through share buybacks. Stay updated with
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chartistkao1
Supreme |
09-Sep-2021 10:12
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why HK land share surge as much as 13.6% two days ago soon in 2023 we will see Property Portfolio Helps Boost Jardine Matheson' s EarningsBy Nisha GopalanDow Jones Newswires
July 28, 2005 12:01 am ETJardine Matheson said net profit rose to US$672 million from $450 million in the first half of 2004, buoyed by a $375 million gain as Hongkong Land' s investment-property portfolio benefited from Hong Kong' s soaring real-estate prices. Jardine Matheson also booked increased contributions from supermarket retailer Dairy Farm International Holdings Ltd. and Singapore-based motor-vehicle distributor Jardine Cycle & Carriage Ltd. , on the back of strong gains at Indonesian affiliate PT Astra International. That helped offset declines wrought by weaker markets at U.K. insurer Jardine Lloyd Thompson Group PLC and wholly owned Jardine Pacific, which saw its construction company, Gammon, suffer losses. Jardine Matheson Managing Director Percy Weatherall expressed " cautious optimism" over the group' s prospects for the full year, noting that the economies of Hong Kong, China, Indonesia and other Asian markets in which the company operates are performing relatively well. Stripping out the value of the investment properties but including exceptional items, Jardine' s underlying first-half profit of $232 million was up 18% from last year' s $197 million. Tuesday, Hongkong Land, the dominant commercial landlord in Hong Kong' s upmarket Central business district, reported nearly flat interim underlying profit of $105 million, as higher rents and lower financing charges offset a slump in residential sales. Mr. Weatherall said 78%-owned Dairy Farm, which reported a 23% rise in its underlying first-half net profit, is " firing on all six cylinders." He said Jardine Cycle & Carriage' s investment in Indonesia vehicle manufacturer Astra " is going very well too." The car distributor Tuesday posted a 9% rise in first-half net profit on higher sales at Astra. Mr. Weatherall said Jardine was taking a cautious stance toward expanding the operations of 75%-owned hotel operator Mandarin Oriental International Ltd. into China. The company has no operations in the country at the moment, though he noted a mainland hotel deal may be in the offing in the short to medium term. Apart from Jardine Lloyd Thompson, which Tuesday reported a 32% drop in its first-half pretax profit, Jardine Matheson' s units are mainly held through 80%-owned Jardine Strategic Holdings Ltd. Jardine Strategic in turn owns 53% of Jardine Matheson. Yesterday, Jardine Strategic reported a first-half net profit of $784 million, up from $503 million a year earlier. Mr. Weatherall said Jardine Strategic' s $185 million purchase of a 20% stake in Rothschilds Continuation Holdings, a holding company within the Rothschild Group, marked Jardine' s return to merchant banking. " We think this has good prospects as a business, especially in Asia," he said, but he added that the move shouldn' t be viewed as a return to the fund-management business after Jardine Matheson sold Jardine Fleming to Chase Manhattan in 2000. Jardine Matheson, Jardine Strategic, Hongkong Land, Dairy Farm, Mandarin Oriental and Jardine Cycle & Carriage are all listed in Singapore. Jardine Lloyd Thompson, Jardine Matheson and Jardine Strategic also have London listings. The largely British-controlled group delisted its shares as well as those of units from Hong Kong in 1994, ahead of the city' s handover to China, and it moved them to Singapore. Most of its earnings are from the Asian-Pacific region, especially Hong Kong. &mdash Alastair McIndoe contributed to this article. |
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chartistkao1
Supreme |
09-Sep-2021 10:08
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jardine C& C target $35 price by 2023
Astra International Is Fueling Earnings at Cycle & CarriageBy Abdul HadhiDow Jones Newswires
March 17, 2003 12:01 am ETSINGAPORE -- Auto dealer Cycle & Carriage nearly doubled its earnings in 2002, but most analysts are only recommending its stock to those who like a bit of a gamble. Instead, they are more likely to recommend buying PT Astra International, reasoning that the big Indonesian auto maker is the main driver of C& C' s current profit.
" An investment case in terms of investors buying C& C isn' t very strong," said Winston Liew, an analyst at the Daiwa Institute of Research. " If you are buying Astra' s earnings, you might as well buy Astra directly." In the 1990s Cycle & Carriage was one of Singapore' s top blue-chip issues, riding high as the sole wholesale distributor of Mercedes-Benz automobiles in the wealthy city-state. But in 1999 DaimlerChrysler snatched back the wholesale distribution business, and C& C turned to Astra, buying almost a third of the Indonesian company in 2000. C& C now owns 35.05% of Astra.
The move makes C& C yet another Singapore company that is finding greener pastures outside the city-state. C& C, 50.2%-owned by Jardine Strategic Holdings, is still a dealer for Mercedes-Benz, but has lost the high import margins it once enjoyed from wholesale distribution of the premium-brand cars. Instead, about 80% of its net profit now comes from Astra. Newsletter Sign-upMarketsA pre-markets primer packed with news, trends and ideas. Plus, up-to-the-minute market data.
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From a high of 11.40 Singapore dollars (US$6.49) in April 1999, C& C shares fell more than 50% to S$5.15 by the end of that year after DaimlerChrysler announced it was canceling the distribution license. By the close of 2001 its share price had fallen to S$3.08. The stock has recouped some its losses since then, closing Friday at S$3.64, up 7.1% since the start of 2003. Singapore' s benchmark Straits Times Index, meanwhile, is down about 7% so far this year. Last year, C& C' s net profit shot up to S$231 million, from S$120.5 million in 2001. Astra' s contribution to net profit rose 74% to S$184.9 million as the Indonesian auto maker boosted sales and slashed the cost of its U.S.-dollar debt repayments with the help of a stronger rupiah. But the big jump in earnings hasn' t generated much enthusiasm for C& C' s shares. Its stake in Astra, which makes and distributes Toyotas in Indonesia, still fails to impress the market. " It' s a bit like you order a Mercedes-Benz and they deliver a Toyota," said a director with a regional fund-management company. " But it' s more than just different car brands. Investors buying into [Singapore' s] stability will find themselves exposed to [Indonesia' s] volatility," he said. The company begs to differ, saying its stock offers the best of both worlds exposure to Indonesia' s fast-growing auto market while avoiding the worst of that country' s notorious volatility. " C& C has more stable earnings, as there is still volatility in Indonesia," said finance director Neville Venter at a news conference to announce C& C' s earnings two weeks ago. The economic downturn in C& C' s home market of Singapore has only added to its growing dependence on Astra. Earnings from C& C' s motor operations, excluding Astra, fell 18% in 2002 to S$53 million, mainly because of weakness in Singapore. C& C' s sales of passenger cars in Singapore fell 22% to 8,486 units last year, and its market share fell to 13% from 16%. But most analysts aren' t completely negative on the stock. Teo Hiang Boon, an analyst at GK Goh, recommends a " hold," while Jesvinder Sandhu, an analyst at OCBC Investment Research, gives it a " market perform" rating. C& C' s shares also trade at a discount to Astra' s, according to Sherry Tan, chief investment officer at Morley Fund Management. " If you buy [directly] into Astra, you don' t get this discount," she said. But investors need to consider the risks associated with investing in Indonesian shares, cautions Ms. Tan. Surprisingly, Mr. Liew at the Daiwa Institute of Research has a " speculative buy" on C& C, but his rating, like Mr. Sandhu' s at OCBC, has little to do with the company' s fundamentals. Instead, they see the possibility of gains should Jardine decide to sell its C& C stake or restructure the company. Write to Abdul Hadhi at [email protected] |
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chartistkao1
Supreme |
08-Sep-2021 10:07
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https://asia.nikkei.com/Business/Startups/Indonesia-s-smaller-cities-catching-eye-of-startup-investors |
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chartistkao1
Supreme |
08-Sep-2021 10:06
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https://www.digfingroup.com/standard-chartered-bukalapak/ |
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chartistkao1
Supreme |
08-Sep-2021 09:58
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https://smartcolaw.com/2018/02/28/fintech-industry-indonesia-need-know/ |
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chartistkao1
Supreme |
08-Sep-2021 09:56
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https://www.bloombergquint.com/business/jokowi-tells-indonesians-to-shop-online-to-help-revive-growth |
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chartistkao1
Supreme |
08-Sep-2021 09:55
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https://opengovasia.com/indonesia-ready-for-second-phase-of-national-payment-gateway-system/ |
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chartistkao1
Supreme |
08-Sep-2021 09:54
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https://kr-asia.com/indonesian-automotive-group-astra-boosts-fintech-plan-with-help-from-china |
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chartistkao1
Supreme |
08-Sep-2021 09:53
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https://opengovasia.com/indonesia-expected-to-be-the-fastest-growing-it-market-in-asia-pacific/ |
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