Jardine C&C

Jardine C&C: is up 4.0% at $52.23, the best-performing STI component. The rise is due to a rise in Astra (ASII.JK) shares, as 98% of JC&C's earnings come from Astra. In the current risk-on environment, market watchers view Astra as Indonesia's largest and one of its most liquid stocks. If Astra does well, JC&C also does well. JCNC's Oct peak at $53.42, also its highest in at least twenty years, likely offers a near-term cap.