Jardine Cycle & Carriage (SG:C07) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Jardine Cycle & Carriage’s subsidiary Astra faced a challenging first quarter in 2024 with a 5% drop in net earnings per share and decreased vehicle sales, amid a softer market and lower coal prices. Despite these headwinds, the company reported a stronger financial services sector and remains optimistic about Indonesia’s economic growth, supported by a robust financial foundation.
For further insights into SG:C07 stock, check out TipRanks’ Stock Analysis page.