JPMorgan China Growth & Income (LON:JCGI) Sets New 12-Month Low – Time to Sell?

Shares of JPMorgan China Growth & Income plc (LON:JCGI) hit a new 52-week low on Thursday . The stock traded as low as GBX 261 and last traded at GBX 262.50, with a volume of 160741 shares trading hands. The stock had previously closed at GBX 262.50.

JPMorgan China Growth & Income Stock Performance

The company has a market cap of £209.62 million, a price-to-earnings ratio of 7.84 and a beta of 0.83. The business has a 50-day moving average price of GBX 272.70 and a 200 day moving average price of GBX 279.33.

JPMorgan China Growth & Income (LON:JCGI) last posted its earnings results on Thursday, June 4th. The company reported GBX 0.24 earnings per share for the quarter. JPMorgan China Growth & Income had a net margin of 60,650.00% and a return on equity of 10.57%. The business had revenue of GBX 100 million for the quarter.

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.