Jardine Cycle & Carriage Limited is engaged in the manufacture, assembly, distribution and retail of motor vehicles and motorcycles, financial services, heavy equipment and mining, agribusiness, infrastructure, logistics and others, and information technology (IT). Its automotive business comprises the manufacture, distribution, retail and aftersales service as well as financing of motor vehicles and motorcycles. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.

The war, however, encouraged the development of automobile technology, stimulating interest in the motor car, and spurring demand for Cycle & Carriage's products in 1918. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. [7] In 2017, Jardine Cycle & Carriage Limited first acquired an interest in Vinamilk and currently holds a 10.6% stake in the company. JC&C has interests in Truong Hai Group Corporation, Vietnam Dairy Products Joint Stock Company and Refrigeration Electrical Engineering Corporation in Vietnam, as well as Siam City Cement Public Company Limited in Thailand. The company was listed on the Singapore Exchange in 1969 as Cycle & Carriage Limited before it renamed to Jardine Cycle & Carriage Limited in 2004 following the integration into the Jardine Matheson Group in 2002. It also manufactures and retails BMW vehicles and owns the Lexus cars dealership. It also manufactures and retails BMW vehicles and owns the Lexus cars dealership. Its automotive business consists of the production, distribution, retail and after-sales service of motor vehicles and motorcycles; financial services cover a range of businesses, including consumer financing; heavy equipment and mining provides construction machinery and mining contracting; agribusiness includes the cultivation and processing activities for the production of palm oil; infrastructure, logistics and other businesses include the operation of toll roads, transportation and logistics services and a water utility company, and property development, and also offers document solutions, IT solutions and office services. Data delayed at least 10 minutes, as of Jul 21 2022 10:04 BST. Tunas Ridean also offers automotive rental and fleet management services. Additionally, THACO provides logistics services from warehousing, freight forwarding to seaport services. Astra is also the sole distributor of Fuji Xerox office equipment in Indonesia. Automotive marquees1: Citron | DS Automobiles | Kia Motors | Maxus | Mercedes-Benz | Mitsubishi Motors | BYD, Malaysia It is one of Singapore's largest publicly listed companies by market capitalization, valued at S$11.9 billion[2] and a component stock on the Straits Times Index. THACO is a multi-business group with interests in automotive, property development, agriculture and logistics. Privacy Policy and

It is a major producer of crude palm oil in Indonesia. During World War I, Cycle & Carriage suffered economically as a result of the shortage of supply for cars. The Company has a presence in South Vietnam, Thailand, Sri Lanka, Cambodia and Bangladesh. The companys underlying profit for 2019 was US$0.863B. Hin Leong was one of the most powerful and secretive names in Asias oil trading industry. Astras financial services consist of consumer financing for motor vehicles and motorcycles, heavy equipment financing and banking, as well as general and life insurance. Jardine Cycle & Carriage Limited operates as an investment holding company. Astras property business includes the Grade A office building, Menara Astra, the 509-unit Anandamaya Residences and two residential development projects, namely Arumaya in South Jakarta and Asya in East Jakarta, as well as a 3-hectare (7.4-acre) residential and commercial development in Jakarta's Central Business District. Following that in 1951, Cycle & Carriage was awarded the Mercedes-Benz franchise in Singapore, the first to carry the marque in Southeast Asia. Astra is also involved in the life insurance business through PT Astra Life. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Operating in Thailand, South Vietnam, Sri Lanka, Cambodia and Bangladesh, SCCC holds market-leading positions in most of its markets. Jardine Cycle & Carriage first acquired a 10.24% interest in REE Corp in 2012. But an epic gamble by its founder Lim Oon Kuin left the company badly exposed, eventually leading to its collapse. The company has also topped Forbes Vietnam's top 50 brands in Vietnam listed companies for seven consecutive years.[8]. Thailand: Siam City Cement interests. Direct Motor Interests include its Cycle & Carriage businesses in Singapore, Malaysia and Myanmar, as well as owned Tunas Ridean in Indonesia. It also owns residential and commercial assets in Yangon, Myanmar.

SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Siam City Cement Public Company Limited (SCCC) is listed on the Stock Exchange of Thailand. Jardine Cycle & Carriage Limited (SGX: C07) is the investment holding company of the Jardine Matheson Group in Southeast Asia.

It is currently 75%-held by the conglomerate. It is also the exclusive distributor of BYD electric forklifts in Singapore. Direct motor interests includes automotive operations in Singapore, Malaysia, Myanmar, Indonesia, and Vietnam. Copyright Jardine Matheson 2022. Stocks to watch: Keppel, Jardine C&C, MIT, Ascendas India Trust, SPH, Stocks to watch: Jardine C&C, Singtel, OKH, First Sponsor, Civmec, Tiong Seng, Jardine C&C to privatise Malaysian arm for RM90.6m, Association of Southeast Asian Nations (ASEAN), Association of Southeast Asian Nations (ASEAN) Manufacturing Companies, Private Central Region Companies (Top 10K). Jardine Cycle & Carriage (JC&C) is the investment holding company of the Jardine Matheson Group in Southeast Asia. Terms of Service apply. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Jardine Cycle & Carriage is engaged in the manufacture, assembly, distribution and retail of motor vehicles and financial services. THACO is the largest automotive company in Vietnam, it manufactures, assembles, distributes, retails and provides aftersales service of commercial and passenger vehicles, representing BMW, Kia, Mazda, MINI, Peugeot, FOTON and FUSO. As well as its automotive businesses, THACO is a developer of residential and commercial properties in District 2 of Ho Chi Minh City, Vietnam. This is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities. Vietnam: Refrigeration Electrical Engineering Corporation | Vinamilk. Tunas Ridean (46.2%) is listed on the Indonesia Stock Exchange and is a leading automotive dealer group in Indonesia. The group recently launched a mobile lending fintech joint venture, PT Astra WeLab Digital Arta. The name change recognises Cycle & Carriages distinguished 104-year operating history and firmly establishes Jardine Cycle & Carriage as part of the Jardine Matheson Group. It represents Toyota, Daihatsu, BMW and Isuzu motor vehicles, as well as Honda motorcycles. Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Cycle & Carriage launched plans to build an assembly plant in Hillview, Singapore. Markit Short Selling Activity Markit. Develop and improve features of our offerings. We sell different types of products and services to both investment professionals and individual investors. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. View contacts for Jardine Cycle & Carriage to access new leads and connect with decision-makers. Astra has significant interests in financial services, with its businesses providing financial products and services to support the groups automotive sales through PT Astra Sedaya Finance, PT Toyota Astra Financial Services and PT Federal International Finance, and heavy equipment sales through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance. It also distributes BMW and MINI vehicles.

JC&C is a leading Singapore-listed company and 75.9%-owned by the Jardine Matheson Group. Operating companies: Astra International (50%) (assets) | Tunas Ridean (46.2%) (Mandiri Tunas Finance2), Myanmar Copyright 2022 Morningstar, Inc. All rights reserved. In 1969, the company launched an initial public offering, which was oversubscribed by 73 times, with a total offering of SG$241.65 million - which amounted to just a little short of the budget for the Ministry of Interior and Defense for that year. Singapore 1Through its subsidiary Jardine Cycle & Carriage.

Hong Kong based virtual bank, livi bank is backed by BOC Hong Kong (Holdings), JD Technology and the Jardine Matheson Group, which together bring to livi a unique range of benefits in terms of financial strength, technological expertise and marketing excellence. On 4 March 1965, the Minister for Finance (Singapore) Goh Keng Swee laid the foundation stone for the SG$2.5 million plant, and predicted that it would create 10,000 new jobs over the following five years. Refrigeration Electrical Engineering Corporation. JC&Cs business comprises three pillars: its interest inAstra, Direct Motor Interests, which consists of the groups non-Astra automotive businesses in Southeast Asia, and Other Strategic Interests.

Other Strategic Interests include interests in Vietnam, holding in THACO Corporation, Refrigeration Electrical Engineering Corporation and Vinamilk. All markets data located on FT.com is subject to the. Which industries do these Sub-Organization operate in? This site is protected by reCAPTCHA and the Google It is a diversified business group in Vietnam with operations in power and utilities, real estate and mechanical and electrical engineering services. Verify your identity, personalize the content you receive, or create and administer your account. In addition, Astra is the sole distributor of Komatsu heavy equipment, and participates in general construction, mining services and thermal power businesses. Direct Motor Interests include its Cycle & Carriage businesses in Singapore, Malaysia and Myanmar, as well as owned Tunas Ridean in Indonesia. Astra segment manufactures, assembles, distributes and owns dealership networks for Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks and Honda motorcycles. Refrigeration Electrical Engineering Corporation (REE Corp) is a diversified business group in Vietnam, listed on the Ho Chi Minh Stock Exchange. Additionally, it provides vehicle financing through its associate, Mandiri Tunas Finance. Click here for more on how to use these ratings. Any opinions or estimates expressed herein are those of Markit on the date of preparation and are subject to change without notice; however no such opinions or estimates constitute legal, investment or other advice. Read our editorial policy to learn more about our process. JC&C employs more than 240,000 people across Southeast Asia. In 2015, Jardine Cycle & Carriage Limited acquired a 24.9% interest in Siam City Cement, the second largest cement manufacturer in Thailand. You must therefore seek independent legal, investment or other appropriate advice from a suitably qualified and/or authorised and regulated advisor prior to making any legal, investment or other decision.

Other Strategic Interests include interests in Vietnam, holding in THACO Corporation, Refrigeration Electrical Engineering Corporation and Vinamilk. The company operates through three segments: Astra, direct motor interests, and other interests. Share price information may be rounded up/down and therefore not entirely accurate. By 1999, Jardine Matheson was a major shareholder in Cycle & Carriage Limited, with a 24.6% stake. JC&C also holds the Jardine Matheson Groups stake in Astra. Jardine Cycle & Carriage now holds 25.5% in Siam City Cement. The Companys segments include Astra, Direct Motor Interests and Other Strategic Interests. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Vinamilk is known for its wide range of dairy products which are sold across 250,000 retail points in Vietnam and exported across the region. Jardine Cycle & Carriage Limited is a Singapore-based investment holding company of the Jardine Matheson Group in Southeast Asia. Add this security to watchlist, portfolio, or create an alert to track market movement.

In 2013, Jardine Cycle & Carriage Limited established a 60% joint-venture, Cycle & Carriage Myanmar, which distributes, retails and provides aftersales services for Mercedes-Benz and Mazda passenger cars and commercial vehicles, as well as FUSO commercial vehicles in Myanmar. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.

Provide specific products and services to you, such as portfolio management or data aggregation. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia. THACO also provides logistics services from warehousing and freight forwarding to seaport services. Automotive marquees1: Mazda | Mercedes-Benz | Mitsubishi Fuso, Vietnam Its infrastructure and logistics businesses include toll roads development and management, with a total interest in 353km of toll roads.

The Company has a presence in South Vietnam, Thailand, Sri Lanka, Cambodia and Bangladesh. All rights reserved, Engineering, heavy equipment, mining and construction. Wed like to share more about how we work and what drives our day-to-day business. Astras information technology business provides document information and communication technology solutions. With 29.0% held by Jardine Cycle & Carriage Limited, REE Corp has operations in power and water utility infrastructure, property and M&E services. Operating companies: Cycle & Carriage | Republic Auto The Company, through its subsidiaries, invests in automotive, consumer finance, utilities and infrastructure, heavy equipment and mining, property, agribusiness, cement, and consumer products businesses. Automotive marquees1: Mercedes-Benz | Mitsubishi Fuso, Indonesia With an extensive network of 13 outlets across the country, Cycle & Carriage Bintang is a leading Mercedes-Benz dealer group in Malaysia, providing sales and aftersales services for Mercedes-Benz passenger cars and commercial vehicles, which includes FUSO trucks. In 2008, Jardine Cycle & Carriage Limited acquired 20.5% interest in Truong Hai Auto Corporation (THACO), Jardine Cycle & Carriage's shareholding now stands at 26.6%. Vietnam Dairy Products Joint Stock Company (Vinamilk) is the largest food and beverage company on the Ho Chi Minh Stock Exchange by market capitalisation. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. ra segment manufactures, assembles, distributes and owns dealership networks for Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks and Honda motorcycles. Gear advertisements and other marketing efforts towards your interests. Jardine Cycle & Carriage Ltd is a conglomerate primarily focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. 2Joint venture with Bank Mandiri. Jardine Cycle & Carriage Limited is a Singapore-based investment holding company of the Jardine Matheson Group in Southeast Asia. Operating company: Cycle & Carriage Myanmar THACO operates an agriculture business which includes fruit trees, cereal, forestry and livestock in Vietnam, Laos and Cambodia. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. peer companies that do receive analyst-driven ratings. Ast. All rights reserved. Please sign in or register. It is the sole distributor of Toyota, Daihatsu, Isuzu and Peugeot motor vehicles, a dealer of BMW motor vehicles and UD Trucks as well as a manufacturer and distributor of Honda motorcycles. Cycle & Carriage was renamed Jardine Cycle & Carriage in 2004, following the integration into the Jardine Matheson Group in 2002. Logopedia is a FANDOM Lifestyle Community. Operating company: Truong Hai Auto Corporation (THACO) (25.3%) It has 12 farms and 15 factories in Vietnam, Laos, Cambodia and the USA. Astra also manufactures and distributes automotive components. In 1904, Cycle & Carriage shifted to the corner of High Street, Market Street and Market Square and subsequently expanded to Ipoh, Penang and Singapore. The Company operates through segments: Astra, Direct motor interests and Other. Automotive marquees1: BMW | Mini | Kia Motors | Mazda | Peugeot | Foton | Mitsubishi Fuso, Other strategic interests How we use your information depends on the product and service that you use and your relationship with us. It was first founded as Federal Stores in 1899 by a trader in nutmeg and sundries on Jalan Bandar (High Street) in Kuala Lumpur, Malaysia. Through its Astra Digital arm, Astra also develops new initiatives and products to enhance interaction with customers on digital and online channels. These products and services are usually sold through license agreements or subscriptions. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to Vinamilk is the countrys largest dairy producer, with a large market share and a strong network of over 250,000 distribution points in Vietnam. Jardine Pacific (assets) | Jardine Motors Group (Zung Fu Company) | Hongkong Land (50%) | DFI Retail Group (78%) (assets) | Jardine Lloyd Thompson Group (40%) | Mandarin Oriental Hotel Group (74%) | Jardine Cycle & Carriage (70%) (assets) | Astra International (50%)1 (assets). Cycle & Carriage Singapore (100%) is a leading automotive group in Singapore. Jardine Cycle & Carriage Ltd - Stock Quote. It is the sole distributor of Fuji Xerox office equipment in Indonesia.

Cycle & Carriage Bintang (59.1%) is listed on Bursa Malaysia. It manufactures and distributes Kia, Mazda, Peugeot, FUSO (trucks and buses), Frontier, Foton and Hyundai motor vehicles. Click here for more on how to use these ratings. World War II caused the company to cease operations, and its workshops, motor cars and trucks were absorbed by the Japanese during the Japanese occupation of Malaya and the Japanese occupation of Singapore. Southeast Asia-Focused Business Portfolio, Refrigeration Electrical Engineering Corporation, the corner of High Street, Market Street and Market Square, "Jardine Cycle & Carriage Limited Annual Report 2019", "Vinamilk seeks to expand markets | Business | Vietnam+ (VietnamPlus)", "Vinamilk continues to lead Forbes Vietnam's top 50 brands list | Business | Vietnam+ (VietnamPlus)", "Siam City Cement Public Company Limited", CapitaLand (Integrated Commercial Trust * Investment), Mapletree (Commercial Trust * Industrial Trust * Logistics Trust), https://en.wikipedia.org/w/index.php?title=Jardine_Cycle_%26_Carriage&oldid=1090491949, Companies listed on the Singapore Exchange, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 May 2022, at 20:18.