JPMorgan China Growth & Income (LON:JCGI) Announces Earnings Results

JPMorgan China Growth & Income (LON:JCGI) announced its earnings results on Monday. The company reported GBX 0.14 ($0.00) earnings per share (EPS) for the quarter, Digital Look Earnings reports. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

JPMorgan China Growth & Income Price Performance

LON:JCGI opened at GBX 227.15 ($3.07) on Wednesday. The company has a market capitalization of £189.78 million, a P/E ratio of 30.05 and a beta of 0.47. The business has a fifty day simple moving average of GBX 229.14 and a two-hundred day simple moving average of GBX 234.55. JPMorgan China Growth & Income has a 1 year low of GBX 182 ($2.46) and a 1 year high of GBX 287 ($3.88).

JPMorgan China Growth & Income Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 10th were paid a dividend of GBX 2.73 ($0.04) per share. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 1.12%. JPMorgan China Growth & Income’s payout ratio is currently 145.51%.

Insider Activity

In other JPMorgan China Growth & Income news, insider Nicholas Bannerman bought 5,000 shares of JPMorgan China Growth & Income stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of GBX 223 ($3.01) per share, for a total transaction of £11,150 ($15,073.68). Insiders own 1.23% of the company’s stock.

JPMorgan China Growth & Income Company Profile

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.