Like Dairy Farm Group, Jardine Cycle and Carriage (SGX:C07) had been a multi-bagger stock. This meant if you had purchased $1000 of its stock during its IPO, it would be worth approximately $50,000 in 2013. Even at present, the stock is still up by about 20x since its initial offering. Despite its present technicals breaking the cup-and-handle trading setup, I can’t help but notice that there may be some underlying strength left in this stock, which I deduced from it being oversold. With a 152% change from its underlying profit in the 1H2021 compared to 1H2020, Jardine C&C may surprise us. So let’s revisit this once mighty multi-bagger company today. Jardine C&C, a Highly Diversified Business Despite its name, the automotive sector only accounts for a quarter of Jardine Cycle and Carriage (JC&C)’s underlying profits. Much of JC&C’s core profits come from other diversified sectors, such as financial services, heavy equipment, and mining....