Jardine C&C
Jardines has survived wars and market collapses. Can it survive the digital age?
For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting
Shareholder change ‘not a new thing’; firm’s strength comes from its talent: Cycle & Carriage MD
The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo
Is Jardine C&C likely to be taken private?
Most of its value resides in Jakarta-listed Astra International, while its own parent has secondary listing in Singapore
Shedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings
Jardine C&C said to explore sale of car dealership in Malaysia and Singapore
A transaction could value the business at US$250 million to US$350 million, say sources
Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Lee will vacate his current role as the company’s finance director but continue to serve as executive director
Jardine Cycle & Carriage H2 profit up 36% despite revenue falling 9%
The board has proposed a final dividend of US$0.85 per share, up from US$0.84 previously
DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia
Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS
Jardine C&C group MD Benjamin Birks to step down in April
Successor has not yet been named, but will be announced in due course.
Jardine C&C posts improvements in non-Astra businesses for 9M 2025
It expects its full-year underlying profit to be ‘broadly similar’ to that of 2024
