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Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece
Jardine Matheson Holdings, through Jardine Strategic Singapore (JSS), has bought 150,400 shares in Jardine Cycle & Carriage C07 -0.86% from the market at $26.4576 apiece.
The purchase was conducted on April 23 for a total consideration of $3.98 million.
Following the purchase, Jardine Matheson Holdings J36 0.55% has a deemed interest of 79.017% in Jardine Cycle & Carriage, up from 78.979% previously.
For the FY2023 ended Dec 31, 2023, Jardine Cycle & Carriage reported earnings of US$1.22 billion ($1.65 billion), 64% higher y-o-y. Earnings per share (EPS) also rose by 64% y-o-y to US$3.08 for the year.
If you have money, get this Jardine C& C.
If you have time and even more money, get JMH.
Trade with time and money
If you have time and even more money, get JMH.
Trade with time and money
DF is not the horse I would back in the JM stable.
The most compelling bets fundamentally are Jardine C& C and Mandarin Oriental.
The JMH topco is clearly cheap on a sum of parts basis, but you have to ask yourself what is the actual value of its HKL shares.
DFI next, and HKL bringing up the rear. In my opinion.
The most compelling bets fundamentally are Jardine C& C and Mandarin Oriental.
The JMH topco is clearly cheap on a sum of parts basis, but you have to ask yourself what is the actual value of its HKL shares.
DFI next, and HKL bringing up the rear. In my opinion.
DFI RG still sleeping
Now is so cheap to buy with target USDS$3-40
dyodd
Now is so cheap to buy with target USDS$3-40
dyodd
I doubt shorters are at work here including JMH etc.
But will monitor.
Jardine companies have generally been profitable. Seasoned traders they are.
Trade with Jardine
But will monitor.
Jardine companies have generally been profitable. Seasoned traders they are.
Trade with Jardine
I actually think this could go up 3-4 bucks relatively easily. This is not a prediction it will happen in the next few days. But the stock fell 6 bucks in 3 months for, as far as I can see, no apparent reason at all. If that is true, it can go back the other way just the same.
Agree.
But not so easily 3-4 bucks up.
A few waves required
But not so easily 3-4 bucks up.
A few waves required
This stock still have a lot of upside Easily another $3 - $4 bucks upwards..
Possibly. I for one run stock screens for shares that jump 10% or fall 10% in a short period. I don' t just randomly immediately buy or sell such stocks, but I start to pay close attention.
The question we must ask ourselves is why this company is so undervalued by the market. Is it merely because it has not been noticed?
Suddenly there are people starting to notice this. Why? Just because it went up or down?
Suddenly there are people starting to notice this. Why? Just because it went up or down?
The valuation itself is finger in the air stuff.
The more important and clear point they make is that the company is significantly undervalued at current levels. Seems the market in the past day or so has picked up on that with the recent share price beginning to recover.
The more important and clear point they make is that the company is significantly undervalued at current levels. Seems the market in the past day or so has picked up on that with the recent share price beginning to recover.
Fair estimate.
Joelton ( Date: 09-Apr-2024 10:00) Posted:
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Citi initiates &lsquo buy&rsquo on Jardine C& C with S$29 price target
CITI Research initiated coverage on Jardine Cycle & Carriage : C07 +0.93% (Jardine C& C) with a &ldquo buy&rdquo call, as the research house expressed optimism on the conglomerate&rsquo s investments in South-east Asia, particularly Vietnam.
The research house&rsquo s price target of S$29 represents a 25 per cent discount to an estimated FY2024 net asset value (NAV) of S$38.24 per share, which was derived from a sum-of-the-parts methodology and based on the stock&rsquo s historical average.
In a report on Sunday (Apr 7), Citi&rsquo s research team highlighted Jardine C& C&rsquo s share price decline of about 30 per cent since May 2023, along with a widening of its discount to NAV to 36 per cent from 4 per cent.
It therefore recommends that investors accumulate the stock at current levels, in view of the research house&rsquo s projections for the group&rsquo s net profit for FY2024 to FY2026 to increase by a compound annual growth rate of 7 per cent.
While Citi believes the group&rsquo s holding company Astra remains its main profit driver, the research house said it also foresees profit contributions from the non-Astra businesses to increase to 26 per cent in FY2026 from 16 per cent in FY2023.
This growth will be mainly driven by the group&rsquo s investments in Vietnam, which will be in part supported by Astra&rsquo s stability as the main profit contributor going forward.
Citi is especially positive on Jardine C& C&rsquo s investments in Vietnamese vehicle manufacturer Truong Hai Group Corporation (Thaco), which is estimated to contribute to 44 per cent of the profit growth.
&ldquo We believe Thaco can ride on the agricultural tailwind with its increasing investment into the segment, as well as the recovery of its automotive segment on Vietnam&rsquo s middle-class expansion,&rdquo said the research house.
Jardine C& C&rsquo s investments in Vietnam-listed Refrigeration Electrical Engineering Corporation (REE) is also expected to contribute to about 17 per cent of the growth in profit.
Citi further expects REE to develop its renewable energy projects for future earnings growth, noting that it has a &ldquo steady&rdquo income stream from its office-leasing business.
&ldquo Jardine C& C has consistently delivered an attractive dividend yield, at around 6.6 per cent to investors, with a stable dividend payout of around 40 per cent,&rdquo added Citi.
&ldquo At the same time, the consistent profit contribution from Astra provides Jardine C& C with the financial stability to participate in Vietnam&rsquo s high-growth trajectory through holdings in market-leading companies like Thaco and REE.&rdquo
His buying has not been necessarily a good indicator of where the share price is subsequently going to.
That said, fair play to him in terms of being aligned. His position is a material percentage of his net wealth I imagine.
That said, fair play to him in terms of being aligned. His position is a material percentage of his net wealth I imagine.
Jardine Cycle & Carriage
On Mar 15, Jardine Cycle & Carriage : C07 -1.42% (Jardine C& C) group managing director Benjamin Birks bought 11,000 shares at S$24.31 per share. With a consideration of S$267,410, this increased his direct interest in the South-east Asia investment holding company of the Jardine Matheson Group from 44,000 shares to 55,000 shares. This represents a 0.01 per cent direct interest in the company.
His previous acquisitions were in March 2021, with 25,000 shares acquired at S$22.77 per share, and in August 2023, with 19,000 shares purchased at S$33.90 per share.
Birks leads the long-term portfolio strategy of the group, which includes having direct oversight over the sustainability strategy. In February, Jardine C& C reported that its FY23 (ended Dec 31) attributable profit increased 64 per cent from FY22 to US$1.2 billion. This was principally attributed to Astra&rsquo s second year of record profit, despite softer commodity prices and moderating growth in the second half of the year.
Now come to buying time at your own time carry on ..
ysh2006 ( Date: 03-Mar-2024 09:46) Posted:
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Why Jardine C& C keeps dropping, but JMH shoot up so much?
no stop selling still.. how low can it go?
Can start to collect if drop further and wait for it to go up again.
JMH drop quite abit today, looks like Jardine still have room to fall