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I just got it today..It's quite rare for this to happen. 1st time I encountered a delay.
Alignment ( Date: 06-Oct-2024 20:48) Posted:
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I received my dividend just fine.
Hi there, I did not receive the 1H dividends supposedly to be paid on 04Oct
..Anyone having the same issue?
This outcome is better than what management were guiding to at the last results, and the outlook that management are now guiding to is also better than what one could have hoped for based on what they were saying 6 months ago too.
Disappointing, but need to look beyond.
Joelton ( Date: 02-Aug-2024 08:09) Posted:
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Jardine Cycle & Carriage H1 underlying profit falls 14% to US$500 million
Net profit stands at US$483 million, down 25 per cent from H1 2023&rsquo s US$648 million
JARDINE Cycle & Carriage : C07 -0.31% posted an underlying profit of US$500 million for the first half of 2024, down 14 per cent from US$583 million in the year-ago period.
The group&rsquo s businesses in Indonesia and Vietnam experienced softer consumer demand and lower commodity prices compared to before. &ldquo Weaker domestic currencies in these countries also had an impact on the overall profit contribution,&rdquo the group said on Thursday (Aug 1).
Revenue fell 8 per cent to US$10.7 billion, from US$11.6 billion in the year-ago period.
Underlying earnings per share stood at US$1.27, down 14 per cent from US$1.48.
The group uses underlying profit, as opposed to net profit, in its internal financial reporting to distinguish between ongoing business performance and non-trading items. Its management considers the metric &ldquo a key performance measurement that enhances the understanding of the group&rsquo s underlying business performances&rdquo .
That said, Jardine Cycle & Carriage&rsquo s net profit for H1 2024 was US$483 million, down 25 per cent from H1 2023&rsquo s US$648 million.
Corporate costs totalled US$68 million, compared to US$41 million in the same period last year, the group said. This increase was mainly due to higher foreign exchange losses due to foreign currency loans.
The group&rsquo s Indonesian businesses contributed US$513 million to its underlying profit, down 9 per cent from the corresponding period last year.
The bulk of this came from conglomerate Astra, which contributed US$497 million to the group&rsquo s underlying profit, 8 per cent down from the year-ago period, largely due to weaker performances from its heavy equipment and mining operations.
Jardine Cycle & Carriage&rsquo s businesses in Vietnam contributed US$30 million to the group&rsquo s underlying profit, down 12 per cent from the year-ago period.
Contributions from the group&rsquo s regional interests, which include automotive dealer Cycle & Carriage, stood at US$25 million, down 13 per cent from the corresponding year-ago period.
In Singapore, new car sales were 16 per cent higher at 3,174 units. However, higher leasing expenses dented profits, and there was also lower profit contribution from Republic Auto&rsquo s used car operations due to a 40 per cent reduction in shareholding since October 2023, Jardine Cycle & Carriage said.
It added: &ldquo We expect the performance of our market-leading businesses to be resilient for the rest of the year, and we remain confident that our portfolio can deliver sustainable long-term growth.&rdquo
Jardine Cycle & Carriage declared an interim dividend of US$0.28, unchanged from the previous period.
1H2024 Results
https://links.sgx.com/1.0.0/corporate-announcements/J2JM5P5DFJJA5U0X/813862_JCC_Jun%202024_Final.pdf
https://links.sgx.com/1.0.0/corporate-announcements/J2JM5P5DFJJA5U0X/813862_JCC_Jun%202024_Final.pdf
This explains why 1/3 of the listed companies here are trading at or above book values..
it doesn' t bring much value to those good companies listed here.. the strategy here is invest in those small float and reputable companies, especially they have been buying up theirs' companies shares. High chance to offer 25-37% premiums and go privatised.
it doesn' t bring much value to those good companies listed here.. the strategy here is invest in those small float and reputable companies, especially they have been buying up theirs' companies shares. High chance to offer 25-37% premiums and go privatised.
slingshotpro ( Date: 24-Jul-2024 15:00) Posted:
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At this point I' m not sure JMH are trying to hold the share price up with their buying. Given they are buying, it makes more sense for them to buy as low as possible.
At some later point the dynamics change when the only way to buy more shares is via an offer at which point they have to make a market clearing offer price. But not yet.
At some later point the dynamics change when the only way to buy more shares is via an offer at which point they have to make a market clearing offer price. But not yet.
slingshotpro ( Date: 24-Jul-2024 15:00) Posted:
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This Jmh owns 83% of jcc, and only 17% float is outside, yet cannot limit the selling at all
JessTrang ( Date: 23-Jul-2024 13:50) Posted:
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Question is who is the better judge of value of JC& C - JMH or retail investors? My money would be on JMH.
They bought because they see the price was a bargain... should really wonder who were the sellers? Why did they like to sell lower and lower? Contra players/short term players? No people buy up, they cut loss and throw and not willing to park the money, thus we will see lower low frequently.
slingshotpro ( Date: 22-Jul-2024 14:35) Posted:
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JMH don' t care about experiencing temporary periods where the share price falls slightly below their in price, because they know the underlying upside of what they are buying is multiples of the temporary loss they experience.
slingshotpro ( Date: 22-Jul-2024 14:35) Posted:
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the whole group has become a joke, look at the price JMH have bought this jcc? $26.46 and $27 and look at the price now. really wondering why did they even bother to buy at such high price
Alignment ( Date: 22-Jul-2024 12:03) Posted:
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This is probably a bad sign. Retail investors as a whole are not good investors so generally doing the opposite of what retail investor flow does is a good thing and vice versa.
Jardine Cycle & Carriage
While the financial and real estate sectors, which includes banks and Reits, made up 12 of the 20 stocks that saw the most net selling by retail investors in early July, the consumer and industrials sectors also made up 12 of the 20 stocks that saw the most net buying by retail investors over the 13 sessions.
Jardine Cycle & Carriage saw the most net retail buying over the first 13 sessions of July, at S$46 million, while its share price declined 5 per cent.
In Q1 2024 the group booked S$102 million of net retail buying, followed by S$19 million of net selling by retail investors in Q2 2024, and then a return of net retail buying in early July.
This coincided with its overall VWAP moving from S$25.97 in Q1 2024 up to S$26.60 in Q2 2024 and moving back to S$25.92 for the first 13 sessions of July.
Jardine Cycle & Carriage maintain strategic investments that include Astra and Truong Hai Group, which have a strong presence in the automotive market.
Additionally, it has interests in Refrigeration Electrical Engineering Corporation and Siam City Cement, further diversifying its portfolio across the economies in the South-east Asian region.
Recent net retail flows in the S-Reit sector
As mentioned above, over the 13 trading sessions in July, retail investors net sold shares totalling S$570 million.
Despite this significant outflow, from an individual stock perspective, the distribution of selling versus buying activity among retail investors was nearly even, with the ratio of stocks 11 to 10, for counters net sold to net bought.
In the S-Reit sector specifically, there was net selling of S$105 million, with a closely matched number of 20 trusts net sold against 19 trusts net bought by retail investors, indicating a balanced trading dynamic.
The 20 trusts that were net sold averaged 10 per cent returns over the 13 sessions, while the 19 trusts that were net bought averaged 4 per cent returns.
Among the 10 best-performing trusts of the S-Reit sector over the 13 sessions, seven registered net selling by retail, with the three exceptions being Keppel Pacific Oak Reit : CMOU -2.87%, United Hampshire Reit : ODBU +1.18% and Lendlease Global Commercial Reit : JYEU -2.48%.
These three Reits maintained net buying by retail investors over the 13 sessions, just as they did during the H1 2024 period.
Result due around 28/7 together with astra
Fiat500 ( Date: 20-Jul-2024 16:13) Posted:
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Just wait fot the 1H results n dividends announce5ment, surely that'll improve the stock price..
wencong76 ( Date: 15-Jul-2024 16:20) Posted:
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Another issue is the weak rupiah. Always going to have a negative effect on a share price denominated in SGD.
Not much anyone can do about that which is unfortunate for shareholders. It will only reverse if and when the USD weakens.
Not much anyone can do about that which is unfortunate for shareholders. It will only reverse if and when the USD weakens.
P/B 0.5 lol.... so good to list in SGX... when companies at low valuations, then offer reasonable but unfair offer to delist...
kei3006 ( Date: 14-Jun-2024 08:14) Posted:
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