Trade JCNC XMBR

JCNC sold 200 @ 44
XMBR sold 8000 @ 4.21

HSBC US404280AS86

Bot 103, Sold 104.3
Profit 30k USD return 15% or so

JCNC update

Auto vs non auto split 64% auto
NAV split 80% Indon 4% Siam City Cement 8% Vietnam 3% Singapore and others including Myanmar, Tunas Ridean, C&C Malaysia and REE VN

Market share
Vietnam 40%
Indon 55% for cars 70% for bikes

Discount to NAV 10% (historical), currently 20%

Pertama NPL less than 5%

Ownerships
50% Astra
59% C&C Malaysia
44% Indon auto dealership Tunas Ridean
32% Truong Hai Auto Vietnam
100% C&C SG

NP USD 700 FCF USD 700m