Singapore, Feb 2, 2026, 15:35 SGT — Regular session
- Jardine Matheson’s Singapore shares climbed roughly 1.6% in afternoon trading, outpacing a softer benchmark index
- Late last week, the company revealed a new share buyback alongside a director purchasing shares on the open market
- Investors are turning their attention to the full-year results on March 10 and the schedule for dividends
Shares of Jardine Matheson Holdings on the Singapore Exchange climbed 1.6% to $73.94 by 3:18 p.m. local time, despite the Straits Times Index falling roughly 0.8%. During the session, the stock fluctuated between $72.24 and $74.10, while its 52-week range spans $36.01 to $76.64. (SG Investors)
The outperformance comes amid shaky markets across Asia, where investors are trimming risk following volatile swings in commodities and other crowded trades. “It’s risk off and de-leveraging – a flushing out of leverage in the system,” said Christopher Forbes, head of Asia and Middle East at CMC Markets. (Reuters)
Jardine Matheson investors have felt the volatility firsthand this month. The stock closed at $72.77 on Jan. 30, following a peak of $76.64 earlier that week. It then plunged almost 5% the next day before settling down into Friday’s close. (StockAnalysis)
Buybacks remain a crucial support. A filing from Jan. 30 revealed the company bought back 60,000 ordinary shares at a weighted average of $73.1434 each, with those shares set to be cancelled. (Investegate)
On the same day, director Lincoln Pan purchased 13,800 shares in two separate trades on Jan. 28 via the Singapore Exchange, shelling out $73.22 and $72.89 per share. (Investegate)
These repurchases are part of a larger initiative. Jardine Matheson plans to return as much as $250 million to shareholders via a share buyback, aiming to wrap up the program by 2026. A buyback involves a company buying back its own shares, usually cancelling them to cut down the total number of shares outstanding.
The calendar is the next key date. Jardine Matheson’s investor schedule lists full-year 2025 results coming March 10. Shares go ex-dividend March 19, so anyone buying after that won’t get the next payout. The share registers will close between March 23 and 27. (Jardine Matheson)
Buybacks won’t protect stocks if the wider market slides further. Should risk selling pick up pace or new margin calls hit — forcing investors to add cash on borrowed bets — even strong company-level buying could be overwhelmed.
All eyes now turn to the March 10 earnings and any updates on capital returns. Traders will be on alert for more buyback announcements, a key indicator of how boldly the company is moving in the market.
