News Formal

Jardine C&C shares slump on earnings miss; 'slower growth' outlook

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

JARDINE Cycle & Carriage shares fell as much as 10.7 per cent on Thursday after full-year earnings missed street estimates. Read more at The Business Times.

JARDINE Cycle & Carriage shares fell as much as 10.7 per cent on Thursday after full-year earnings missed street estimates.

In its outlook statement, chairman Ben Keswick cautioned that Jardine C&C's main profit contributor, Astra International"is likely to face a number of macroeconomic and commercial headwinds in 2019, while the group’s direct motor interests and other strategic interests may also see slower growth”. Meanwhile, the wholesale market for motorcycles increased by 8 per cent to 6.4 million units. Astra Honda Motor’s domestic sales rose by 9 per cent to 4.8 million units, with its market share stable at 75 per cent.

Under this division, wholly owned unit Cycle & Carriage Singapore is one of the leading automotive groups in Singapore.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: Olam, Indofood Agri, Hong Leong Finance, Banyan Tree, M1, IHH Healthcare, Jardine C&CTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Playtech shares surge on buyback, higher 2019 earnings viewREUTERS: Playtech shares rose more than 15 percent after the gambling software developer said it would buy back shares worth 40 million euro ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Stocks end mostly down as health insurers slump[NEW YORK] Wall Street stocks finished mostly lower with health insurers under pressure as markets continued to take a pause after a nearly two-month surge. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks end mostly down as health insurers slumpNEW YORK: Wall Street stocks finished mostly lower on Wednesday (Feb 27) with health insurers under pressure as markets continued to take a pause ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »