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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
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.
Cdp show dividend paid but didn't came to my bank account. For USD normally take how long
31.06
uptrend all the way
ozone2002 ( Date: 28-Apr-2022 19:49) Posted:
29.1 +2.27
Nice rally on better earnings
ozone2002 ( Date: 21-Apr-2022 15:24) Posted:
26.67  +1.17
up so much
Reopening play emerging out from the rough
gd luck dyodd |
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It's also holding up well due to the coming dividends end of May..
ozone2002 ( Date: 18-May-2022 11:29) Posted:
KGI Research
Jardine Cycle & Carriage Ltd (C07 SP) - Long &ndash Entry 28.00, Target 30.74, Stop 27.00
Shares had been trading within an uptrend and held up well above the gap. The stock closed at an intraday high with a jump in volume.
RSI remains constructive, while MACD shows an early sign of weak momentum.
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KGI Research
Jardine Cycle & Carriage Ltd (C07 SP) - Long &ndash Entry 28.00, Target 30.74, Stop 27.00
Shares had been trading within an uptrend and held up well above the gap. The stock closed at an intraday high with a jump in volume.
RSI remains constructive, while MACD shows an early sign of weak momentum.
29.1 +2.27
Nice rally on better earnings
ozone2002 ( Date: 21-Apr-2022 15:24) Posted:
26.67 +1.17
up so much
Reopening play emerging out from the rough
gd luck dyodd |
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Jardine Cycle & Carriage (JCNC)
Majority shareholder Jardine Matheson Holdings (JM) made a single off-market block trade of 80,000 shares around the prevailing market price on Apr 21, JCNC said in response to queries from Singapore Exchange Regulation.
JCNC shares had risen 5.4 per cent on that day to close at S$26.87 on heavy volume, triggering a query from the regulator.
JCNC said the purchase did not trigger any disclosure obligations by JM, and hence no disclosure had been made.
JM held 296.4 million shares or 75 per cent of JCNC according to the latest annual report showing shareholdings statistics as at Mar 3, 2022.
26.67 +1.17
up so much
Reopening play emerging out from the rough
gd luck dyodd
Distribution today
ozone2002 ( Date: 06-Dec-2021 09:43) Posted:
Last:21.23  +0.22
Entry at Oversold position
ride the trend up
gd luck dyodd |
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Undervalue counter. Have the potential to go $25 to $29.
DYODD
Last:21.23 +0.22
Entry at Oversold position
ride the trend up
gd luck dyodd
Very good progress vs 2020 same period , great Q321 results overview & management guidance . It' s now recovering close to 2019 performance level when share prices was about $30.
3rd November 2021
JARDINE CYCLE & CARRIAGE LIMITED INTERIM MANAGEMENT STATEMENT
Jardine Cycle & Carriage (&ldquo JC& C&rdquo or &ldquo the Group&rdquo ) today issues its Interim Management Statement for the third quarter of 2021. Overall, JC& C performed well in the third quarter. Astra&rsquo s quarter-on-quarter performance improved notwithstanding the continuing COVID-19 restrictions during the period. The performance of Direct Motor Interests was relatively stable during the period, while restrictions in Vietnam and Thailand impacted the quarter-on-quarter performance of the Group&rsquo s Other Strategic Interests.
The Group&rsquo s 2021 year-to-date underlying profit recovered substantially, compared to the same period in 2020. This performance reflects improvements across all parts of the portfolio. However, by comparison with pre-pandemic levels, the Group&rsquo s overall results for the first nine months of 2021 were slightly lower than the same period in 2019. For the first nine months of the year, most of the Group&rsquo s businesses reported sustained recovery compared to the same period in 2020.
&bull Astra reported an 84% increase in underlying earnings. There were improved performances across Astra&rsquo s divisions, particularly in automotive where car sales benefited from the implementation of luxury sales tax incentives. Its financial services division saw higher lending volumes and lower loan loss provisions. The heavy equipment and mining division also performed strongly, with increased equipment sales and coal prices. In addition, the agribusiness division benefited from higher crude palm oil prices.
&bull Direct Motor Interests also saw an improved performance. Cycle & Carriage in Singapore achieved higher sales volume and improved margins, particularly for its premium car segment and used car operations, which were less impacted than the mass market segment by high COE prices. Cycle & Carriage Bintang in Malaysia posted a profit due to a reduction in government sales tax and lower operating costs. Tunas Ridean in Indonesia reported higher contributions from its automotive and financial services operations.
&bull Other Strategic Interests performed well year-to-date, although the third quarter performance of some businesses was affected by lockdown measures implemented in Vietnam and Thailand. Many of THACO&rsquo s automotive showrooms were closed during this period, but they gradually re-opened in October. REE&rsquo s businesses remained largely operational during the lockdown. Siam City Cement saw lower sales volumes and selling prices as construction and infrastructure activities slowed, and it was also adversely impacted by higher energy costs.
The Group&rsquo s year-to-date results continued to be impacted by translation losses on its foreign currency loans.
While the pandemic situation will continue to create uncertainties, the Group delivered a satisfactory performance and we expect this recovery to continue for the rest of the year.
Jardine Cycle & Carriage (JCNC SP)
Trading Buy range : S$22.95-22.98 Last price: S$22.98
Target price: SS$24.00
Protective stop: S$22.58
The price consolidation broke above the consolidation high in the previous trading session, hinting at a resumption of the bullish price trend. The conversion and base lines are hinting at a bullish price trend. The MACD remains bullish and is hinting at a bullish price trend.
The potential upside target is S$24.00. Stop- loss could be placed at S$22.58.
Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days)
Could see more upside soon as its Indonesian subsidiary, Astra International, should benefit greatly from the sales of cars at GIIAS 2021 (11-21 November), the biggest car show in Indonesia. More than 80% of Jardine C and C' s earnings and profits come from Astra International.
Marginal up Marginal Down and close at borderline gain.
Hmm... today is Another day of Yoyo...
Wonder what the Funds/Bbs wanna to do with this very undervalue counter.
DYODD
Very undervalued Stock.
Min will see $25 in the short term.
Mid to Long term: will see at least $30. Historical high is above $41.
Will tml be another furious day of gains?
another furious day
Last:23.27 +1.35
this is not a retailer stock
and with price rising furiously
it can only mean one thing
😎
gd luck dyodd
2019 news, way too long ago before pandemic, 28/- is a price it would rise, hold if there is any holdings for retirement or better meals
chartistkao1 ( Date: 14-Oct-2021 11:40) Posted:
| https://shentonwire.net/2019/01/07/jardine-cc-started-at-buy-by-dbs-as-proxy-to-southeast-asia-economies/ |
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