Jardine Cycle & Carriage

[vingaard]

Question is, if it's better to invest into Astra directly since Astra doesn't have exposure into Singapore and Malaysia unlike JCC. Singapore and Malaysia auto sector are not good in the long term due to government measures to curb private vehicles (for Singapore) and stiff competition especially against government brand Proton (for Malaysia). There's also no headache from currency translation if we invest into Astra directly.

Thoughts?

Cycle & Carriage facing competition from Proton? That's not even a remote possibility. They are on the opposite spectrum of the car market.