Jardine C&C    Last:25.95    +0.12

Jardine Cycle & Carriage

ok thanks

 

Cannot Buy.

Too high and Too Risky.

All technicals are overbrought.

Time to Sell, Not to Buy.

Just my view.

tea444u      ( Date: 20-Jul-2010 16:15) Posted: can still buy this one?

 

can still buy this one?

 

WAH!! another 30cts drop even with US36cts divy and gd results ?!?! this world is definitely irrational !! :D

 

wow...wat happ? this burger drop 50+ cts ?!??! wah...... :D SHORT ? :D

 

i thk this burger is gd for intraday SHORTING not much buyQ hee...

 

This fella free fall like speed of light these 2 days.....

 

bro idesa! u still vested in this counter?

today shot up like somebody light its ass on fire!! but i've been vested when it was 17plus...

anybody any idea why today shot up so much?

 

This one not too bad right...get divvy and share price only dropped 2 cents. The divvy is US$0.32, about S$0.44. So for those who bought up JC&C yesterday tend to pocket $400 per lot today...huat leh. BTW, anyone knows about the divvy scrip that they are talking about? Isit that we we forgo the divvy, they will give odd lots?

 

Jardine Matheson up almost 8% (+US$2.40), while Jardine C&C only up 2.5% (+S$0.50)...what had happened here? I should have bought JM and I will be laughing to the bank right now...hehehe!!!

 

An expensive stock. Needs to hv higher margin to break even. But nonetheless, being component stock, it wouldn't get far leow. Congrate for those who hv vested in. Cheers.

 

I 've just got into JC&C these 2-3 days. Today jeep a few more. Hope to see bonus on Friday. Cheers.

e-bird      ( Date: 01-May-2008 00:08) Posted: hey idesa!   I thought i was the only one interested in JCC in this forum! Glad to see you are too... i've been holding on to my lots for a couple of wks.. its been kind flat lately.. hope it will cheong soon!

 

hey idesa!

 
I thought i was the only one interested in JCC in this forum! Glad to see you are too... i've been holding on to my lots for a couple of wks.. its been kind flat lately.. hope it will cheong soon!

 

It seems to me that this counter do not have the sexxy appeal to get all of you excited about. It's this kind of counter that will be of interest to me most with the underlying value undiscovered!

Earning Result for 1Q08 just announced - spectacular result

Revenue +42%

Nett Profit +67%

Earning per share +62%

If DOW heng heng tonight in GREEN after interest cut, and follow-up surge the following night, well get ready your champaign on Friday.

 

time to buy!

 

Goldman Sachs - Still cheaper alternative to Astra boom story; reiterate Buy

Source of opportunity

We are raising our JC&C earnings estimates by 13-18% on the back of a more bullish outlook on Astra International (ASII.JK, Buy), and have raised our price target by 28% to S$22.70. JC&C has traded 21% down from recent peak early Nov, and we see attractive value emerging as a cheaper entry to Astra?s boom story. JC&C is currently trading at a 20% discount to its current NAV, more than one standard deviation below its 10% historical NAV average. We expect JC&C to close the gap in the near-term. In the next 12-m, we see strong share price outperformance as JC&C delivers solid growth, led by Astra. Reiterate Buy with JC&C offering 27% upside to our price target.

Catalyst

(1) Near-term current NAV mean reversion, (2) Strong, potentially better than expected quarterly results by JC&C, which will direct market?s attention to JC&C?s solid earnings recovery and compelling valuation, (3) Stronger monthly datapoints by Astra International with upside bias given the positive macro Indonesian outlook, (4) Consensus earnings upgrades ? our 2007E/2008E/2009E earnings estimates are 27%/25%/25% above market?s.

Valuation

We expect JC&C to close its NAV discount gap to 10% over next 12m for a 12-m NAV-based price target of S$22.70 (from S$17.70). Given that earnings expectations have been key driver for JC&C, market also looks at P/E, JC&C is at 10X 2008E P/E vs Indonesian market?s 15X. We see compelling valuation; downside risk limited by attractive 3-4% dividend yields.

Key risks

(1) Astra share price performance, (2) Rupiah exposure, (3) Astra-related risks including weak domestic demand, and weaker-than-expected earnings.

 

 

Jardine Cycle & Carriage Ltd, Singapore's biggest car-seller by market value, said that third-quarter net income rose 76 per cent because of a recovery in Indonesia's car market and higher palm oil prices. Net income was US$113.1 million, or 32.6 US cents a share, in the three months ended September, from US$64.4 million, or 18.92 US cents, a year earlier, Singapore- based Jardine Cycle said in a statement yesterday. Sales climbed by a third to US$2.4 billion.