JCG Holdings involved in deposit-taking, loan-granting, credit-crd issuing

PUBLISHED : Sunday, 20 June, 1999, 12:00am
UPDATED : Sunday, 20 June, 1999, 12:00am

JCG Holdings is involved in deposit-taking, loan-granting, credit-card issuing and other services.

Merrill Lynch said in June last year that despite having downgraded its earnings, the stock was trading at attractive valuations and offered the highest yields of any counter the brokerage covered. It rated the company a buy.

JCG underperformed the Hang Seng Index in the second half of last year and only briefly outperformed the index last November.