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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jpmorgan China Growth & Income Plc | LSE:JCGI | London | Ordinary Share | GB0003435012 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.00 | 0.75% | 270.00 | 83,745 | 13:42:49 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 268.00 | 270.50 | 270.00 | 270.00 | 270.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 10.05M | 6.32M | 0.0759 | 35.57 | 222.98M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:38:35 | AT | 500 | 270.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/3/2025 | 11:16 | UK RNS | JPMorgan China Growth & Income PLC Gearing announcement |
| 24/3/2025 | 10:57 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 21/3/2025 | 11:18 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 20/3/2025 | 16:02 | UK RNS | JPMorgan China Growth & Income PLC Holding(s) in Company |
| 20/3/2025 | 10:27 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 19/3/2025 | 10:34 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 18/3/2025 | 10:22 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 17/3/2025 | 12:09 | UK RNS | JPMorgan China Growth & Income PLC Gearing announcememnt |
| 17/3/2025 | 10:34 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
| 14/3/2025 | 10:49 | UK RNS | JPMorgan China Growth & Income PLC Net Asset Value(s) |
Jpmorgan China Growth & ... (JCGI) Share Charts1 Year Jpmorgan China Growth & ... Chart |
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1 Month Jpmorgan China Growth & ... Chart |
Intraday Jpmorgan China Growth & ... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/3/2025 | 12:13 | JPMorgan China Growth & Income Investment Trust | 337 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 13:38:35 | 270.00 | 500 | 1,350.00 | AT |
| 13:38:21 | 272.00 | 5 | 13.60 | O |
| 13:38:11 | 270.78 | 12,000 | 32,493.52 | O |
| 12:05:01 | 271.17 | 7,022 | 19,041.21 | O |
| 11:51:40 | 271.17 | 773 | 2,096.11 | O |
| Top Posts |
|---|
Posted at 24/3/2025 08:20 by Jpmorgan China Growth & ... Daily Update Jpmorgan China Growth & Income Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker JCGI. The last closing price for Jpmorgan China Growth & ... was 268p.Jpmorgan China Growth & ... currently has 83,202,465 shares in issue. The market capitalisation of Jpmorgan China Growth & ... is £224,646,656. Jpmorgan China Growth & ... has a price to earnings ratio (PE ratio) of 35.57. This morning JCGI shares opened at 270p |
Posted at 18/2/2025 10:13 by simon gordon Blind Squirrel Macro - 16/2/25:China’s Consumption Problem As the cries of “USA!, USA!” continue to echo from the trading floors of Lower Manhattan, those “uninvestable& Chinese equities do not appear to have received the memo that debt, demographics and deflation were guarantees of their ultimate demise. Not only are global investors underweight Chinese equities, short interest in the major US-listed China equity ETFs continues to sit at above average levels relative to history. Don’t try to tell me that is all long/short hedge funds hedging their $BABA longs! The asset is not just ‘under-owned&# It has been nearly 5 years since President Xi placed consumption as a key policy driver of the next leg of China’s economic development. His ‘dual circulation’ strategy aims to leverage China’s huge market size and unlock the potential of domestic demand, pivoting (partially) away from its reliance on industrial investment and exports. Understanding the low levels of Chinese consumption behavior is relatively straightforward. Household savings rates have topped 30% for the past 2 decades. This is 5 or 6 times higher than levels seen in the West. China’s lack of a robust social safety net ensures that provisioning for retirement, healthcare and education expenditure makes a major dent in real disposable incomes. The principal vector for household savings has historically been the real estate market. The high-profile collapse of this market in recent years is almost perfectly mirrored in measures of consumer confidence. Aggressive measures to stabilize the housing market are finally beginning to pay off. Reversing this negative wealth effect is critical (according to Fidelity, a 1% increase in house prices correlates with a 0.6% rise in discretionary spending). Gradual reforms to, and relaxations of, the hukou residency system in certain geographies are also assisting. Giving migrant workers access to public services delivers a near ‘1 for 1’ transmission to local discretionary spending. For many commentators, eager anticipation of a China stimulus bazooka announcement has spawned many a Charlie Brown / Lucy / Football meme on social media. Those expecting of Western style fiscal largesse in the form of ‘helicopter money’ or ‘stimmie checks’ were always likely to be disappointed in a nation whose leader has warned against “slipping into the trap of welfarism that feeds the lazy”. Direct cash transfers have also been resisted by authorities on anti-corruption grounds. This is where the system of sales incentives, trade-in programs and consumption vouchers come in. A system in which purchase subsidies (whether for EVs, energy efficient home appliances or new smart watches) come in the form of discounts from OEMs (who then reclaim those discounts from the state) creates a closed loop payment system that is relatively immune to grift and graft. Similarly, the use of consumption vouchers, effortlessly administered by the UnionPay/ WeChat Pay/ Alipay digital architecture described above, ensure that subsidies for everything from restaurant bills to movie tickets are taken up with next to zero risk of ‘leakage’ Incidentally with one of the Shanghai government’s ¥40 ($5.50) Spring Festival movie vouchers (available via your Maoyan or Taopiaopiao mini program on WeChat) you can afford to take a date to see the ‘Ne Zha 2’ blockbuster even with your paltry Randolf and Mortimer Duke Christmas bonus. You might even have some money left over to splash out on some salted or candied dry plums (popcorn is less of a thing in Chinese movie theaters) … Back to the markets. The reaction of international investors to China’s strong start to the Year of the Snake has been to do the one thing they know best when they think they are dealing with one of China’s “tradeable rallies” (their words, not the 🐿️ BABA’s 47% year-to-date rally has even left META’s record-breaking share price streak in the dust (there had to be a US large cap tech angle (of course!) namely Alibaba’s AI tie up with Apple!). By comparison, the direct drive plays on improved Chinese consumption have had a slower start to this year. The 🐿️ has constructed a basket of Chinese consumer stocks that he thinks are very well positioned to take advantage of a consumption recovery in China. Yes, this basket has put in strong returns since the October 2022 lows, but it has done so with a much more attractive drawdown profile versus owning the ‘usual suspects’ in China. As you know, the 🐿️ prefers ‘lower beta’ exposures in Asia and other emerging markets. I hate being shaken out of trades by the volatility created by hot money flows. Oh, and did I mention that they were cheap? Chinese consumer equities trade at a significant discount to global peers, with the MSCI China Consumer Discretionary Index trades at 12.4x forward earnings versus 24.7x for the US equivalent (which I do concede includes Tesla). I have written on numerous occasions that I think that equities will play an increased role in the domestic savings culture in China in the future. I hear much ‘doomer (deflation is coming!) talk’ around the rally in Chinese rates (falling yields). The way I like to think of this is as a China domestic savings risk continuum or waterfall. Property --> Bank Deposits ($18 trillion of them yielding basis points!) --> Bonds ---> Equities ---> FartCoin. Well, maybe not the last leg! Chinese (in fact most Asian) investors are momentum investors and domestic governments bonds have indeed been trending. As Chinese equities carry on exhibiting momentum, more savers will move out the risk spectrum and join that party. In addition, these savers have also been given repeated ‘green lights’ from Beijing that it backs a new equity investment culture in China. The ‘National Team’ can be more powerful than any ‘Fed Put’ I suspect that this new equity culture will reflect the trends that we are seeing in recent Guochao 国潮 (literally ‘nation trend’ or ‘China chic’) consumption activity. A new cohort of equity investors could well go ‘full Peter “buy what you know” Lynch’ on the market. We could even end up seeing a ‘flywheel̵ |
Posted at 17/6/2024 07:56 by loganair Asian share markets were in the red on Monday as mixed Chinese economic news underlined the country's bumpy recovery.Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains in the property sector. The People's Bank of China (PBOC) kept its one-year rate unchanged, dashing some speculation of a cut following surprisingly soft bank lending data. China's official Financial News on Monday reported there was still room to lower rates, but there were internal and external constraints on policy. |
Posted at 13/5/2024 11:13 by brucie5 That's reassuring, Logan. I'm not sure that the intelligence services share your confidence; though what we hear is obviously filtered through MSM. Countries do daft things; and China's record since 1949 is hardly inspiring. 100k troops lost would be small fry in the greater scheme of national reassertion. |
Posted at 10/5/2024 07:16 by quepassa logan,This is a copy of your post number 271 from just three months ago on 23/1/24:- "I hope to re-buy back in at around the 100p level." Price then 200p. Price today 255p. Care to comment? |
Posted at 27/4/2024 16:21 by loganair 25 April 2024 - Fidelity - China, India: which is the best buy? by Graham Smith:China or India? Ultimately it comes down to a trade-off between expected growth and current valuations. China looks cheap around current levels, while India may be verging on expensive. Even so, investors probably won’t mind too much paying up for India’s growth provided it keeps going. Forecasts suggest Indian growth is set to remain world-beating over the medium term. That implies even stronger earnings growth among the companies best placed to capitalise on India’s success. Meanwhile, China has begun to attract contrarian buyers on the basis that the bad news is in the price. Shares appear to have broken out of the yearlong downtrend of 2023 following a trend reversal at the beginning of February. These are the first signs we’ve seen of the possible ending of the buy India/sell China trade. Given that China’s government appears to have thrown its hat into the ring in an effort to support the economy and stock market, hopes run high a new uptrend is forming. Signals from the economy have been broadly positive, including improving manufacturing surveys and inflation turning positive in February after six months in negative territory. For all its present difficulties as well as far less favourable population demographics, China’s middle class will probably expand further over the next few years driving current and new markets with it. China’s evolving aspirational brands and the dominant market positions it has built up in electronic vehicles (EVs) and renewable energy hint at the great potential still to be tapped. |
Posted at 04/2/2024 11:42 by loganair Even though just coming up to the Chinese New Year when food prices normally rise, they are actually falling.They're are not only falling, the demand, the amount of food being sold is also falling which strongly shows how little money the Chinese consumer now has to spend. I still solidly stand by my forecast that JCGI will continue to fall to between 100p and 150p which is good for the long term investor who will be able to pick up stock on the cheap when nobody loves Chinese shares as they are out of fashion to own. |
Posted at 26/1/2024 09:59 by loganair My thoughts are this trust could drop to 100p/150p some time during in 2024 then with in 10 years see the share price back up to 500p/600p which over the long run share holders could see gain of 50% per year if able to buy in anywhere near the bottom. |
Posted at 15/1/2024 08:59 by loganair I hope the Trusts share price falls by another 50% from here as I would love to pick these up at 100p. |
Posted at 05/6/2023 06:47 by loganair China was so late out of lock down, by the time it did the rest of the world was already slowing down therefore the Chinese people have decided to save their cash instead of spending it.The Chinese real-estate sector seems to be going from bad to worse. All-in-all it seems to me highly likely that JCGI share price will go sub 200p and likely to see sub 150p before this is all over. |
Posted at 28/5/2023 07:44 by loganair 1/4 of German exports go to China and therefore Germany would not be in recession if China was not also struggling.There's been no real Chinese re-opening therefore China's economy was not being held back by pandemic policies. The re-opening story was just a media creation - copper hasn't rebounded. Private sector is not investing much in China at the moment as the housing sector is the weakness as this is where the Chinese have so much of their savings. Therefore it seems to me reasonable to say JCGI share price is highly likely to continue to fall, falling below 200p or even maybe as low as 150p. For me the lower the share price goes the more delighted I'll be as it will allow me to pick up a load of cheap shares in JCGI Chinese stocks. |
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