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Wednesday, March 6, 2019
Jardine C & C - High Debt and Margin Drag Could Post More Challenges.
Jardine C & C - - Earnings drop due to higher interest cost . Net debt remain elevated at US 1.3b contributing to higher financing cost . A rights issue could be in the offing this year. Negative margin from Astra's automotive business is a concern . If 32.00 support give way, the next target is 30.00