Automotive marquees1: Citron | DS Automobiles | Kia Motors | Maxus | Mercedes-Benz | Mitsubishi Motors | BYD, Malaysia With 29.0% held by Jardine Cycle & Carriage Limited, REE Corp has operations in power and water utility infrastructure, property and M&E services. fair value, and uncertainty rating. Hin Leong was one of the most powerful and secretive names in Asias oil trading industry. It is a major producer of crude palm oil in Indonesia. 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. 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. 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. It is currently 75%-held by the conglomerate. Ast. 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. Privacy Policy and THACO operates an agriculture business which includes fruit trees, cereal, forestry and livestock in Vietnam, Laos and Cambodia. In 1904, Cycle & Carriage shifted to the corner of High Street, Market Street and Market Square and subsequently expanded to Ipoh, Penang and Singapore. It represents Toyota, Daihatsu, BMW and Isuzu motor vehicles, as well as Honda motorcycles. Please sign in or register. 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. Markit Short Selling Activity Markit. It is a diversified business group in Vietnam with operations in power and utilities, real estate and mechanical and electrical engineering services. Direct Motor Interests include its Cycle & Carriage businesses in Singapore, Malaysia and Myanmar, as well as owned Tunas Ridean in Indonesia. It also manufactures and retails BMW vehicles and owns the Lexus cars dealership. 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. Through its Astra Digital arm, Astra also develops new initiatives and products to enhance interaction with customers on digital and online channels. Direct Motor Interests include its Cycle & Carriage businesses in Singapore, Malaysia and Myanmar, as well as owned Tunas Ridean in Indonesia. interests. Automotive marquees1: Mercedes-Benz | Mitsubishi Fuso, Indonesia 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. ra segment manufactures, assembles, distributes and owns dealership networks for Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks and Honda motorcycles. Click here for more on how to use these ratings. 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. It manufactures and distributes Kia, Mazda, Peugeot, FUSO (trucks and buses), Frontier, Foton and Hyundai motor vehicles. Tunas Ridean also offers automotive rental and fleet management services. Gear advertisements and other marketing efforts towards your interests. Thailand: Siam City Cement But an epic gamble by its founder Lim Oon Kuin left the company badly exposed, eventually leading to its collapse. SCCC is listed on the Stock Exchange of Thailand and operates across South and Southeast Asia, producing concrete and other building materials. This is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities. Astra also manufactures and distributes automotive components. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The name change recognises Cycle & Carriages distinguished 104-year operating history and firmly establishes Jardine Cycle & Carriage as part of the Jardine Matheson Group. Find More Contacts for Jardine Cycle & Carriage, Edit Lists Featuring This Company Section. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Provide specific products and services to you, such as portfolio management or data aggregation. 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. 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. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Astras agribusiness includes the cultivation, harvesting and processing of palm oil. The company operates through three segments: Astra, direct motor interests, and other interests. 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. It has 12 farms and 15 factories in Vietnam, Laos, Cambodia and the USA. Refrigeration Electrical Engineering Corporation (REE Corp) is a diversified business group in Vietnam, listed on the Ho Chi Minh Stock Exchange. 1Through its subsidiary Jardine Cycle & Carriage. The Company, through its subsidiaries, invests in automotive, consumer finance, utilities and infrastructure, heavy equipment and mining, property, agribusiness, cement, and consumer products businesses. Jardine Cycle & Carriage first acquired a 10.24% interest in REE Corp in 2012. The Companys segments include Astra, Direct Motor Interests and Other Strategic Interests. Additionally, THACO provides logistics services from warehousing, freight forwarding to seaport services. Read our editorial policy to learn more about our process. Refrigeration Electrical Engineering Corporation (REE) is listed on the Ho Chi Minh Stock Exchange. [7] In 2017, Jardine Cycle & Carriage Limited first acquired an interest in Vinamilk and currently holds a 10.6% stake in the company. You must be a registered user to save alerts. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Wed like to share more about how we work and what drives our day-to-day business. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Astra is also the sole distributor of Fuji Xerox office equipment in Indonesia. Through its Astra Digital arm, Astra also develops new initiatives and products to enhance interaction with customers on digital and online channels. In that year, Cycle & Carriage was registered in the Federated Malay States with SG$250,000 in registered capital. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Operating company: Cycle & Carriage Bintang [9] Siam City Cement also has a leading presence in South Vietnam, Thailand, Cambodia and Bangladesh. Cycle & Carriage was renamed Jardine Cycle & Carriage in 2004, following the integration into the Jardine Matheson Group in 2002. Operating company: Truong Hai Auto Corporation (THACO) (25.3%) Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia. 2Joint venture with Bank Mandiri. Operating companies: Cycle & Carriage | Republic Auto San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. It also distributes BMW and MINI vehicles. Jardine Cycle & Carriage Ltd - Stock Quote. Operating in Thailand, South Vietnam, Sri Lanka, Cambodia and Bangladesh, SCCC holds market-leading positions in most of its markets. All markets data located on FT.com is subject to the. Astra segment manufactures, assembles, distributes and owns dealership networks for Toyota, Daihatsu, Isuzu, Peugeot, UD Trucks and Honda motorcycles. Which industries do these Sub-Organization operate in? Truong Hai Group Corporation (THACO) is a multi-industry group headquartered in Vietnam. Although Markit has made every effort to ensure this data is correct, nevertheless no guarantee is given to the accuracy or completeness. Other Strategic Interests include interests in Vietnam, holding in THACO Corporation, Refrigeration Electrical Engineering Corporation and Vinamilk.
Astras agribusiness includes the cultivation, harvesting and processing of palm oil. With the goals of fostering digital innovation, promoting financial inclusion and enhancing customer experiences, livi brings a unique, brand-new and different banking experience to Hong Kong. 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. Its infrastructure and logistics businesses include toll roads development and management, with a total interest in 353km of toll roads. We sell different types of products and services to both investment professionals and individual investors. It is the sole distributor of Fuji Xerox office equipment in Indonesia. Jardine Cycle & Carriage now holds 25.5% in Siam City Cement. Astra is also involved in the life insurance business through PT Astra Life.
1Licensed brands. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. All rights reserved. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Following that in 1951, Cycle & Carriage was awarded the Mercedes-Benz franchise in Singapore, the first to carry the marque in Southeast Asia. In recognition of its distinguished operating history, and in the interests of integration to the Jardine Matheson Group, it was renamed Jardine Cycle & Carriage Limited. It is engaged in the distribution, retail and aftersales service of Mercedes-Benz, Mitsubishi, Kia, Citron, DS Automobiles and Maxus motor vehicles. 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. Automotive marquees1: BMW | Mini | Kia Motors | Mazda | Peugeot | Foton | Mitsubishi Fuso, Other strategic interests Verify your identity, personalize the content you receive, or create and administer your account. 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. Operating companies: Astra International (50%) (assets) | Tunas Ridean (46.2%) (Mandiri Tunas Finance2), Myanmar In 2015, Jardine Cycle & Carriage Limited acquired a 24.9% interest in Siam City Cement, the second largest cement manufacturer in Thailand. Additionally, it provides vehicle financing through its associate, Mandiri Tunas Finance. The Company has a presence in South Vietnam, Thailand, Sri Lanka, Cambodia and Bangladesh. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Companies withratings are not formally covered by a Morningstar analyst, but are Astras information technology business provides document information and communication technology solutions. [5] In 2002, Cycle & Carriage Limited became a subsidiary of Jardine Matheson when Jardine Strategic increased its stake to over 50%. Data delayed at least 10 minutes, as of Jul 21 2022 10:04 BST. peer companies that do receive analyst-driven ratings. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. View contacts for Jardine Cycle & Carriage to access new leads and connect with decision-makers. In 1926, Cycle & Carriage shifted its headquarters to Orchard Road in Singapore,[4] with capital of SG$5 million and registered as a public company known as The Cycle & Carriage Company (1926) Limited. JC&C is a leading Singapore-listed company and 75.9%-owned by the Jardine Matheson Group. Copyright 2022 Morningstar, Inc. All rights reserved. The Company has a presence in South Vietnam, Thailand, Sri Lanka, Cambodia and Bangladesh. During World War I, Cycle & Carriage suffered economically as a result of the shortage of supply for cars. Jardine Cycle & Carriage Limited operates as an investment holding company. JC&C seeks to create growth for Southeast Asia by investing in market-leading businesses based on the themes of urbanisation and the emerging consumer class. 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. No Pillows, No Cups: Supply Woes Add to Airlines Flight Issues, United Air CEO Offers Apology to Buttigieg After FAA Criticism, AT&T Falls Most in 20 Years After Overdue Bills Hit Cash Flow, Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal, Amazon Gets Whole Foods of Primary Care With One Medical Deal, Truss Extends Lead Over Sunak in Race to Lead UK, Poll Shows, Italy Set for Early Vote on Sept. 25 After Draghi Resigns, Its Not You, Its Inflation: How Soaring Prices Are Changing the Dating Game, Andreessen Horowitz to Open Office at a StarwoodMiami Building, Arnault Reorganizes Holding to Ensure Family Control of LVMH, Japanese Discount Kingdom Daiso Courts Budget-MindedManhattanites, ECBs Crisis Plan Fails to Convince Bond Traders, Amazons Private-Label Business Is a Losing Proposition, Rich Tourists Can Actually Preserve the Arctic, A Chef Tackles Inequality by Opening Farms in Black Communities, The US Has Lost Its Way on Computer Chips, Macau Casino Crash Shifts Worlds Gambling Crown to Las Vegas, LululemonD.C. WorkersSeek to Unionize, Extending Organizing Wave, Women on S&P 500 Bank Boards Post Record Stretch With No Gains, Dartmouth Names Barnards Sian Beilock as First Female President, UK Weatherman Talks About His Viral Dont Look Up Moment, Tesla Now Has an Exclusive Lane at a US-Mexico Border Crossing, How Amsterdams Mayor Is Trying to Hold Back a Tide of Tourism, Royal Institute of British Architects Announces 2022 Stirling Prize Shortlist, Ex-Coinbase Manager Arrested in US Crypto Insider-Trading Case, Crypto Crash Be Damned, Some Workers Still Choose Digital Pay, Indonesia Plans Wholesale Digital Currency to Improve Transfers. 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. The company has also topped Forbes Vietnam's top 50 brands in Vietnam listed companies for seven consecutive years.[8]. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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). It also owns residential and commercial assets in Yangon, Myanmar. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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%. How we use your information depends on the product and service that you use and your relationship with us. 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. JC&C employs more than 240,000 people across Southeast Asia. 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. Vietnam Dairy Products Joint Stock Company (Vinamilk) is the largest food and beverage company on the Ho Chi Minh Stock Exchange by market capitalisation. Jardine Cycle & Carriage Limited is a Singapore-based investment holding company of the Jardine Matheson Group in Southeast Asia. JC&C also holds the Jardine Matheson Groups stake in Astra. 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). SCCC produces cement, concrete and aggregates, fiber cement and other building materials, as well as participating in industrial waste management solutions. The group is one of Indonesia's largest general insurance brokers through PT Asuransi Astra Buana. Jardine Cycle & Carriage Limited is a Singapore-based investment holding company of the Jardine Matheson Group in Southeast Asia. Vinamilk is the largest dairy producer in Vietnam with about 59% domestic market share[6] and is also one of the largest companies by market capitalisation on the Ho Chi Minh Stock Exchange. Logopedia is a FANDOM Lifestyle Community. THACO also provides logistics services from warehousing and freight forwarding to seaport services. The Company operates through segments: Astra, Direct motor interests and Other. In addition, Astra is the sole distributor of Komatsu heavy equipment, and participates in general construction, mining services and thermal power businesses. FT is not responsible for any use of content by you outside its scope as stated in the. 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 As one of the leading automotive players in Vietnam, THACO participates in research and development, manufacturing, assembly, logistics, distribution and retail. These products and services are usually sold through license agreements or subscriptions. This site is protected by reCAPTCHA and the Google Jardine Cycle & Carriage is engaged in the manufacture, assembly, distribution and retail of motor vehicles and financial services. Click here for more on how to use these ratings. THACO is a multi-business group with interests in automotive, property development, agriculture and logistics. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation. It has strategic interests in thermal, hydro, solar, wind businesses, and operates over 150,000 sqm of total lease area of Grade B office space in Vietnam. The group recently launched a mobile lending fintech joint venture, PT Astra WeLab Digital Arta. It is also the exclusive distributor of BYD electric forklifts in Singapore. We are committed to growing with Asia by investing in a diversified portfolio of leading companies across a range of industry sectors. Jardine Cycle & Carriage Ltd is a conglomerate primarily focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Other Strategic Interests include interests in Vietnam, holding in THACO Corporation, Refrigeration Electrical Engineering Corporation and Vinamilk.
All rights reserved, Engineering, heavy equipment, mining and construction. It also engages in residential and commercial property development, as well as agriculture in Vietnam, Laos and Cambodia. 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. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, [3] On 15 June 1899, it was renamed Cycle & Carriage by its founders, the Chua brothers, and thereafter, it expanded to sell bicycles, motorcycles, and eventually motor cars. 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). Share price information may be rounded up/down and therefore not entirely accurate. Copyright Jardine Matheson 2022. Tunas Ridean (46.2%) is listed on the Indonesia Stock Exchange and is a leading automotive dealer group in Indonesia. 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. The Companys segments include Astra, Direct Motor Interests and Other Strategic Interests. Vietnam: Refrigeration Electrical Engineering Corporation | Vinamilk. Cycle & Carriage launched plans to build an assembly plant in Hillview, Singapore. Terms of Service apply. 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. 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. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization, Total number of sub-organizations that belongs to a parent Organization.