Jardine Cycle & Carriage's Planned Sale Unlikely to Largely Weigh on Earnings -- Market Talk

Dow Jones

2025/12/17

0500 GMT - Jardine Cycle & Carriage's planned partial sale of Vietnam's Vinamilk is unlikely to weigh much on the former's earnings, say Citi analysts Timothy Chau and George Choi in a note. They anticipate the US$228 million in proceeds could reduce the Singapore-listed company's gearing ratio to around 22% from 30% at the end of 1H. The divestment demonstrates Jardine's commitment to its business strategy review, the analysts add. They raise their target price on the investment-holding company to S$25.10 from S$22.00, mainly to reflect the bank's recently lifted target price for subsidiary Astra International. However, Citi maintains its sell rating, given concerns over currency headwinds and sluggish growth at Astra. Shares rise 0.7% to S$33.62. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

December 17, 2025 00:00 ET (05:00 GMT)

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They anticipate the US$228 million in proceeds could reduce the Singapore-listed company's gearing ratio to around 22% from 30% at the end of 1H. The divestment demonstrates Jardine's commitment to its business strategy review, the analysts add. They raise their target price on the investment-holding company to S$25.10 from S$22.00, mainly to reflect the bank's recently lifted target price for subsidiary Astra International. However, Citi maintains its sell rating, given concerns over currency headwinds and sluggish growth at Astra. Shares rise 0.7% to S$33.62. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2025 00:00 ET (05:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jardine Cycle & Carriage's Planned Sale Unlikely to Largely Weigh on Earnings -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJardine Cycle & Carriage's Planned Sale Unlikely to Largely Weigh on Earnings -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-17 13:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0500 GMT - Jardine Cycle &amp; Carriage's planned partial sale of Vietnam's Vinamilk is unlikely to weigh much on the former's earnings, say Citi analysts Timothy Chau and George Choi in a note. They anticipate the US$228 million in proceeds could reduce the Singapore-listed company's gearing ratio to around 22% from 30% at the end of 1H. The divestment demonstrates Jardine's commitment to its business strategy review, the analysts add. They raise their target price on the investment-holding company to S$25.10 from S$22.00, mainly to reflect the bank's recently lifted target price for subsidiary Astra International. However, Citi maintains its sell rating, given concerns over currency headwinds and sluggish growth at Astra. Shares rise 0.7% to S$33.62. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2025 00:00 ET (05:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CSV","symbol_name":"Carriage Services Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2592327965","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592327965","pubTimestamp":1765947600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0500 GMT - Jardine Cycle & Carriage's planned partial sale of Vietnam's Vinamilk is unlikely to weigh much on the former's earnings, say Citi analysts Timothy Chau and George Choi in a note. They anticipate the US$228 million in proceeds could reduce the Singapore-listed company's gearing ratio to around 22% from 30% at the end of 1H. The divestment demonstrates Jardine's commitment to its business strategy review, the analysts add. They raise their target price on the investment-holding company to S$25.10 from S$22.00, mainly to reflect the bank's recently lifted target price for subsidiary Astra International. However, Citi maintains its sell rating, given concerns over currency headwinds and sluggish growth at Astra. Shares rise 0.7% to S$33.62. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CSV":"Carriage Services Inc","C07.SI":"怡和合发"},"translate_title":"怡和自行车运输计划的出售不太可能在很大程度上影响盈利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSV":1.5,"C07.SI":1.5},"content_text":"0500 GMT - Jardine Cycle & Carriage's planned partial sale of Vietnam's Vinamilk is unlikely to weigh much on the former's earnings, say Citi analysts Timothy Chau and George Choi in a note. They anticipate the US$228 million in proceeds could reduce the Singapore-listed company's gearing ratio to around 22% from 30% at the end of 1H. The divestment demonstrates Jardine's commitment to its business strategy review, the analysts add. They raise their target price on the investment-holding company to S$25.10 from S$22.00, mainly to reflect the bank's recently lifted target price for subsidiary Astra International. 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