JPMorgan China Growth & Income plc (LON:JCGI) Insider Nicholas Bannerman Acquires 12,000 Shares

Key Points

• Insider Nicholas Bannerman acquired 12,000 shares of JPMorgan China Growth & Income plc for a total of £30,720, indicating confidence in the company's prospects.
• The stock performance remained stable at GBX 253.50 during midday trading, with a significant market capitalization of £211.79 million.
• JPMorgan China Growth & Income plc focuses on investing in Chinese companies transitioning to a consumer-driven economy, aiming for both capital appreciation and predictable quarterly income distributions.

JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) insider Nicholas Bannerman purchased 12,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of GBX 256 ($3.44) per share, with a total value of £30,720 ($41,312.53).

JPMorgan China Growth & Income Price Performance

JCGI stock traded down GBX 2.50 ($0.03) during midday trading on Friday, reaching GBX 252 ($3.39). 43,726 shares of the company's stock traded hands, compared to its average volume of 214,910. JPMorgan China Growth & Income plc has a fifty-two week low of GBX 182 ($2.45) and a fifty-two week high of GBX 287 ($3.86). The business has a 50-day moving average price of GBX 239.94 and a two-hundred day moving average price of GBX 240.50. The company has a market capitalization of £210.54 million, a P/E ratio of 33.33 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The company reported GBX 0.14 ($0.00) earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

About JPMorgan China Growth & Income

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.