Please do your due diligence or engage financial advisors before investing in the stock market. Note that this is an opinion article and not meant to be a financial advice. Nonetheless, investors should pay attention to the non-controlling interests in the Jardine C&C financial results because they are material to the Group. This allows me to have a clear picture of the risk and reward in relation to Jardine C&C share price. Unlike Vicom, Jardine C&C breaks down the revenue sources in terms of business segments. I have covered automotive related company, Vicom. Its 25.5%-owned Siam City Cement also has a presence in South Vietnam, in addition to operating in Thailand, Sri Lanka, Cambodia and Bangladesh. Jardine C&C also has significant interests in Vietnam, including 26.6% in Truong Hai Auto Corporation, 29.8% in Refrigeration Electrical Engineering Corporation and 10.6% in Vinamilk. In this regard, it will not make sense for investors to analyse the stock based solely on its automotive business in Singapore as the bulk of its earnings are derived from its businesses in eight sectors and six countries in Southeast Asia.įor the uninitiated, Jardine C&C has a 50.1% interest in Astra, a diversified group in Indonesia, which is also the largest independent automotive group in Southeast Asia. This is because the Group has a sprawling and diversified businesses in Southeast Asia. Take note that Direct Motor contributed to just 30% of Jardine C&C’s underlying profits in 2020.Īlthough Jardine C&C is listed in SGX and has presence in Singapore through its automotive business, analysing Jardine C&C share price is not so straightforward. However, in analysing Jardine C&C share price, it is important to note the other key businesses of the Group. Cycle and Carriage is one of the Direct Motor businesses under Jardine C&C portfolio. Their business includes automotive distribution, retail and aftermarket services, spanning across Singapore, Malaysia, Myanmar. The company is the authorized dealer for automotive brands like Mercedes-Benz, Mitsubishi, Kia and etc.
For many Singaporeans, Cycle and Carriage needs no introduction. Previously, I had written an article on HongKong Land. Recently, a Lifetime Member has requested me to do a research on Jardine C&C share price, which I will gladly do so in this article. These four “Hong Kong Heavenly Kings” had dominated STI for years and are all part of the Jardine Matheson Group. With the delisting of Jardine Strategic from SGX in April 2021, the four affiliated members of the Jardine Matheson group remains in Straits Times Index (STI) – HongKong Land, Dairy Farm, Jardine Matheson Holdings and Jardine C&C. Chinese New Year Special Offer! And then, there are left with four of them.