Share

Jardine Cycle & Carriage (JC&C) is an investment holding company of Jardine Matheson with a focus on the dynamic economies of Indonesia and Vietnam. Its portfolio includes industry-leading businesses across multiple sectors within these countries, as well as broader interests in other regional markets.


Listed

SGX

US$199m

2024 underlying net profit contribution

(excludes Astra)


5%

2024 underlying net profit contribution

(excludes Astra)


2024-JC&C-THACO AUTO_THACO MAZDA

Value creation


Total shareholder return (%)


Underlying EPS (US¢)


DPS (US¢)


As at 31 December 2024

Sectors and strategic focus

JC&C’s strategic objective is to grow faster than Southeast Asia and elevate the communities within which they operate. It has a focus on the dynamic economies of Indonesia and Vietnam.

Astra

240320_Menara Astra-2_Astra (800x500)

Astra is a leading business group operating in Indonesia with seven core businesses, is listed on the Indonesia Stock Exchange.


Vietnam

thaco

THACO

THACO is a private diversified business group in Vietnam with operations in automotive, real estate, agriculture, logistics, infrastructure construction and retail.

Largest private conglomerate in Vietnam

ree

Refrigeration Electrical Engineering Corporation

Listed on the Ho Chi Minh Stock Exchange, REE is a leading renewable energy, water, commercial real estate, and mechanical & electrical engineering company in Vietnam. 

Leading renewable energy developer in Vietnam

vinamilk

Vinamilk

Vinamilk is the largest dairy producer in Vietnam.


SEA Auto retailing

cycle-carriage(800x500)

Cycle & Carriage

Cycle & Carriage operates in Singapore and Malaysia, representing a diverse range of automotive brands. It distributes and retails new and used car and commercial vehicles, and provides aftersales support, financing and insurance solutions. 

Established multi-brand retailer in Singapore and Malaysia

2024-JC&C-Tunas DHT Lampung 3_OK(800x500)

Tunas Ridean

Tunas Ridean is a leading automotive dealer group in Indonesia. It provides automotive rental and fleet management services, and offers vehicle financing. 

Leading private automotive dealership group in Indonesia

Key management

  • Benjamin Birks

    Group Managing Director

    Stepping down as group managing director and executive director of JC&C with effect 30 April 2026

  • Freddy Lee

    Group Finance Director



Our use of cookies

We use cookies for website performance, to provide social media features and to analyse our traffic. We also share information about your use of our site with our analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.

For more detailed information about the cookies we use, see our Cookie policy


Analytics cookies

We’d like to set Google Analytics and MS Clarity cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone.

For more detailed information about the cookies we use, see our Cookie policy

: