Jardine Matheson reports mixed Q3 earnings
This is the group’s first business update since selling Cycle & Carriage to Indonesia’s Chandra Asri Pacific
Jardine Matheson Southeast Asia reported a mixed performance for the first nine months of 2026, marking their first update since selling Cycle & Carriage in August. The group owns significant stakes in Astra, Tunas Ridean, Truong Hai Group (THACO) in Vietnam, and REE, a renewable energy and engineering company, among others. Astra experienced a 1% decrease in net profit, but its automotive business saw an 8% increase, driven by growth in wholesale car and motorcycle sales.
THACO reported higher profits due to increased property sales and automotive sales, despite thinning margins due to competitive pressures. REE also posted higher earnings across most of its segments. Jardine's shares closed trading at 1.6% or S$0.37 higher at S$24.08 following the update.
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