Jardine Cycle & Carriage (Jardine C&C)

For the period ended June, the group declared an interim dividend per share of 28 US cents, which will be paid on Oct 6.

The sectors to look out for are consumer, commodity, healthcare tourism, plantation and marine-related.

The consideration amount took into account Nickel Industries’ historical earnings and growth potential.

Following the acquisition, Republic Auto will become a wholly-owned subsidiary of the company.

Should the offer be fully accepted, the total consideration of the offer shares will stand at RM98.9 million.

CGS-CIMB analyst William Tng has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously.

While the group registered “some improvement” across its businesses q-o-q, net underlying profit declined y-o-y.

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.

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

SINGAPORE (Nov 7): Jardine Cycle & Carriage (JC&C), a holding company of Jardine Matheson, announced that its earnings have nearly doubled to US$729 million ($991 million) for the 9M19 ended September, from US$374 million in 9M18.