Jardine Cycle & Carriage (Jardine C&C)

Markets

Safe-haven play gold crosses US$1,500; Jardine family stocks hit by Hong Kong woes

SINGAPORE (Aug 12): Amid the market volatility, investors are seeking refuge in safe-haven asset classes. Gold rallied above US$1,500 an ounce — the highest level since 2013, extending a 17% gain since the start of the year. Silver surged as well. “Tu

Results

Jardine Matheson and Jardine Strategic report higher earnings in 1H on one-off gain

SINGAPORE (Aug 2): Jardine Matheson Holdings and Jardine Strategic Holdings reported 152% and 75% higher earnings of US$2.3 billion ($3.2 billion) and US$1.7 billion respectively for the 1H ended June.

Company in the news

Jardine C&C launches Southeast Asian scholarship fund

SINGAPORE (Aug 1): Singapore-listed conglomerate Jardine Cycle & Carriage has announced a scholarship fund in collaboration with six universities across Singapore, Malaysia, Thailand, Vietnam, Myanmar and Indonesia.

Markets

IMF cuts global forecast; Fed in focus

SINGAPORE (July 29): The European Central Bank has signalled the need for significant stimulus in the economy, as the growth outlook deteriorates. While the ECB has held rates unchanged for now, president Mario Draghi has indicated that lower interest rat

Startups, Entrepreneurs, Digital economy

Cycle & Carriage launches new car leasing business; secures Go-Jek as first corporate client

SINGAPORE (July 25): Cycle & Carriage Singapore (C&C), which is 100% owned by parent company, Jardine Cycle & Carriage, has entered into the car leasing segment with the launch of its new car-leasing arm – Cycle & Carriage Leasing.

Company in the news

Diversification hasn't helped Jardine Matheson this year

(May 21): Jardine Matheson Holdings, a 187-year-old conglomerate with more than US$42 billion ($57.8 billion) in sales, has been among Singapore’s steadiest stocks for years. Not so in 2019.

Results

Jardine C&C 1Q earnings more than double to $422 mil on Astra contribution

SINGAPORE (Apr 26): Jardine Cycle & Carriage (JC&C), which is 75%-owned by the Jardine Matheson Group, announced first quarter earnings rose 131% to US$312.4 million ($422 million) in 1Q19 from US$135.3 million in 1Q18.

Results

Jardine Strategic and Jardine Matheson report lower FY18 earnings of US$1.84 bil and US$1.73 bil

SINGAPORE (Feb 28): Jardine Strategic Holdings and Jardine Matheson Holdings, both members of the Jardines group of companies, reported 57% and 56% lower FY18 earnings of US$1.84 billion and US$1.73 billion respectively.

Results

Jardine C&C reports 55% fall in FY18 earnings to $566 mil on non-trading losses

SINGAPORE (Feb 27): Jardine Cycle & Carriage, which is celebrating its 120th Anniversary, reported a 55% fall in FY18 earnings to US$420 million ($566 million) from a year ago, after accounting for net non-trading losses of US$438 million due to unrealise

Results

Jardine Matheson posts 6% higher 1H18 earnings of $1.1 bil on higher revenue

SINGAPORE (July 30): Jardine Matheson reported 1H18 earnings of US$792 million ($1.1 billion), up 6% from its half-year earnings of US$744 million a year ago on higher revenue.
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