• JCC owns a 50.1% strategic stake in Astra International, the largest independent automotive group in Southeast Asia
• Key risks: Exposure to underlying economic and political risks in Southeast Asia; increasing competition; commodity price fluctuations and currency risks
Jardine Cycle & Carriage (JCC) offers unique exposure to Southeast Asian economies. JCC, a member of Jardine Matheson Group, together with its subsidiaries and associates, employs over 250,000 people across Indonesia, Singapore, Malaysia, Myanmar, Thailand and Vietnam, offering unique exposure to key Southeast Asian economies. JCC has a strategic 50.1% stake in Astra International (Astra), the largest independent automotive group in Southeast Asia. JCC also has a strong regional automotive presence through its Direct Motor Interests operating in Singapore, Malaysia, Myanmar and Vietnam. Through Astra, JCC is exposed to a variety of industries including financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure & logistics, information technology and property. JCC also offers exposure to Thailand and Vietnam through its Other Strategic Interests, namely Siam City Cement, Refrigeration Electrical Corporation and Vinamilk, market leaders in their respective industries.
Source : DBS Group Research