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Jardine C&C
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Jardine C&C
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ozone2002
Supreme |
03-Mar-2023 16:40
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KGI KGI Research  Jardine Cycle & Carriage Ltd. (JCNC SP)  - Long &ndash Entry 30.90, Target 32.10, Stop 31.50 Shares closed higher today above the 5dEMA with constructive volume after its earnings. MACD is positive, RSI is at an &ldquo overbought&rdquo level.   |
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Joelton
Supreme |
01-Mar-2023 11:41
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Jardine Cycle & Carriage H2 earnings down 42% to US$252.3 million
 
JARDINE Cycle and Carriage (Jardine C& C) : C07 +1.89%on Tuesday (Feb 28) announced a net profit of US$252.3 million for the second half of 2022 ended December, down 42 per cent from earnings of US$434.3 million in the same period in 2021.
 
Revenue for the second half of the year was up 18 per cent to US$11.1 billion, due primarily to higher sales in Astra&rsquo s automotive segment, financial services, heavy equipment and mining operations and higher sales in direct motor interests.
 
The board of directors has recommended a final dividend of US$0.83 per share, up from US$0.62 per share in 2021.
 
The dividend, if approved by shareholders at the upcoming annual general meeting, will be paid out on Jun 30. 
 
The latest dividend brings Jardine Cycle and Carriage&rsquo s total payout for 2022 to US$1.11 per share, versus US$0.80 per share in 2021.
 
Things, however, looked more upbeat for the company on a full-year basis.
 
The company&rsquo s full-year profit for 2022 came in at US$739.8 million, up 12 per cent from US$660.6 million in 2021. 
 
The group said underlying profit for the year hit a record high of about US$1.1 billion, 39 per cent higher than 2021. 
 
Astra achieved a record profit as it benefited from Indonesia&rsquo s strong economic recovery and higher commodity prices, while the group&rsquo s non-Astra interests collectively also made a record contribution, mainly due to the strong performance of Truong Hai Group Corporation (Thaco) and Direct Motor Interests. 
 
Astra contributed US$913 million to the Group&rsquo s underlying profit, 39 per cent higher than the previous year, driven primarily by the recovery in the Indonesian economy and higher commodity prices.
 
Meanwhile, Thaco&rsquo s contributions rose 34 per cent to US$83 million due to a strong performance from its automotive business.
 
Looking ahead, Jardine C& C&rsquo s chairman Ben Keswick said the company expects to face challenges from uncertainties around the global economic outlook.
 
The group nonetheless said it is well-positioned to achieve sustainable growth through the opportunities in South-east Asia.
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Fiat500
Senior |
28-Feb-2023 17:55
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Jardine C&C will soar tomorrow.....
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spursfan
Elite |
28-Feb-2023 17:27
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JARDINE CYCLE & CARRIAGE LIMITED      2022 FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT   Highlights   
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Fiat500
Senior |
28-Feb-2023 12:45
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How's the results?
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Quesda
Member |
23-Feb-2023 15:05
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Hi! is this topic still alive? 😅 | ||||
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satruz
Master |
06-Dec-2022 15:45
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I'm also wondering why.... guess it went up quite fast over last few weeks, so now having a correction? Didn't see any negative news so far.
Note vested yet. Waiting to enter.
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civicavantae
Member |
05-Dec-2022 14:03
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Why US & SG mkt up but Jardine still drop? | ||||
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satruz
Master |
05-Dec-2022 13:54
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It's happening again now
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satruz
Master |
30-Nov-2022 15:30
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Having a good run these 2 days  ![]() ![]() |
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honesty
Veteran |
14-Oct-2022 15:34
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Feb to April about 23/-, july 26/-,shot up too fast, next dividend May 23, long time to go,better off to invest in other cheaper stocks and higher dividends
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AttasBoss
Elite |
14-Oct-2022 15:27
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when it go up until can not go anymore, it must come down
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Fiat500
Senior |
14-Oct-2022 13:59
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What's happening to Jardine C&C? Dropping non stop these few days! | ||||
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ozone2002
Supreme |
11-Aug-2022 10:59
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31.86      ![]() runaway rally chiong ah!
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ozone2002
Supreme |
01-Aug-2022 21:31
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29.41      ![]() super power up today all BBs rushing into this stock that' s y the surge? |
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spursfan
Elite |
28-Jul-2022 21:39
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28th July 2022
JARDINE CYCLE & CARRIAGE LIMITED 2022 HALF-YEAR FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT Highlights - Underlying profit 51% higher at US$522 million - Higher earnings principally from Astra and THACO - Interim dividend per share increased from USą18 to USą28, reflecting the Board?s decision to pay out a higher share of the full-year dividend as interim "The Group performed strongly in the first half of 2022 and achieved a record half-year underlying profit, mainly due to higher contributions from Astra and THACO. Astra?s performance, in particular, benefited from improved economic conditions and higher commodity prices. The Group expects results in the second half of the year to remain strong, although it remains cautious as a result of global economic challenges, ongoing geopolitical developments and the continuing impact of the pandemic." Ben Keswick, Chairman https://links.sgx.com/1.0.0/corporate-announcements/PTP24CCLJUDX59F5/725174_JCC_Jun%202022_V4.2Final.pdf |
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Joelton
Supreme |
15-Jul-2022 09:48
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Jardine Cycle & Carriage in third attempt to privatise Cyle & Carriage Bintang
 
Jardine Cycle & Carriage (JC& C) has submitted a notice of unconditional voluntary take-over offer to the board of directors of Cycle & Carriage Bintang (CCB) &ndash the group&rsquo s business unit in Malaysia.
 
JC& C currently holds about 89.994% of the issued share capital of CCB, which is currently listed on the main market of Bursa Malaysia Securities. CCB&rsquo s principal activities are the retail of vehicles and provision of after-sales services. It is one of the leading Mercedes-Benz dealers in Malaysia with a network of 11 outlets in the country.
 
Under the terms of the offer, JC& C will seek to acquire all the remaining shares of CCB that it does not currently hold at a consideration of RM2.70 per offer share. In the event of the offer being fully accepted, the total consideration for this take over would stand at about RM27.2 million ($8.6 million).
 
The offer is not conditional upon the receipt of any minimum level of valid acceptances.
 
The group will fund this acquisition through internal resources and/or external borrowings.
 
To recap, this is JC& C&rsquo s third attempt to takeover CCB, as it did not manage to acquire all the shares from other existing shareholders. On June 4, 2021, after its second take over attempt, JC& C announced that it only managed to raise its shareholding to 88.04%. It purchased the shares back then at RM2.40 per share.
 
JC& C&rsquo s first attempt to privatise CCB was in November 2019 via a proposed selective capital reduction (SCR) and repayment exercise at RM2.20 per share.
 
At the time, minority shareholders blocked the privatisation with more than 10% of disinterested shareholders including listed company Muar Ban Lee Group Bhd voting against the SCR.
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Itedino
Member |
29-Jun-2022 22:19
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Cdp show dividend paid but didn't came to my bank account. For USD normally take how long | ||||
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ozone2002
Supreme |
08-Jun-2022 10:54
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31.06 uptrend all the way
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Fiat500
Senior |
23-May-2022 12:20
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It's also holding up well due to the coming dividends end of May..
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