SINGAPORE, Jan 17, 2026, 15:44 (SGT) — Market closed.
- Jardine Matheson shares ended Friday at US$74.35, marking a 0.22% gain.
- The group revealed two minor on-market buybacks along with new director share transactions.
- Investors are eyeing the Mandarin Oriental privatisation schedule, as delisting is planned for Jan. 20.
Jardine Matheson Holdings Ltd shares closed Friday up 0.22% at US$74.35 in Singapore, nudging closer to their 52-week high. The stock fluctuated between US$73.31 and US$74.86 during a volatile session, with roughly 229,200 shares changing hands. (Investing)
Markets are closed for the weekend, shifting attention to the group’s use of capital instead of overall market moves. A steady stream of buybacks and corporate housekeeping can be crucial for a conglomerate, where investors typically value it by summing its major holdings and deducting debt.
The near-term calendar is unusually straightforward. A court has approved the “scheme of arrangement” for Mandarin Oriental’s take-private, a court-supervised move common in UK-style deals. The companies expect the scheme to take effect on Jan. 19, with listings and trading set to be canceled across multiple venues on Jan. 20. (TradingView)
On Friday, Jardine revealed it repurchased 25,000 shares at a weighted average price of US$74.0769, with individual trades ranging from US$73.31 up to US$74.35. These shares will be cancelled. The company also reported an issued share capital of 295,651,978 ordinary shares and confirmed it holds no treasury shares. (Investegate)
Just a day earlier, Jardine reported buying back 25,000 shares at an average price of US$74.0255, with trades ranging from US$73.70 to US$74.19, all slated for cancellation. While these numbers are small compared to Jardine’s total shares, they confirm the group remains active in the market at current price levels. (Investegate)
Separate filings revealed activity from two directors. Adam Keswick picked up 13,386 shares through net settlement of exercised options. Lincoln Pan, meanwhile, purchased 13,600 shares on the Singapore Exchange between Jan. 15 and 16. These moves were disclosed under the UK’s PDMR regime, which applies to senior insiders. (Investegate)
Mandarin Oriental will be removed from the Singapore Exchange on Jan. 20, after Jardine Strategic, a fully owned subsidiary of Jardine Matheson, completed its privatisation. Jardine, which already controlled roughly 88% of the hotel operator, said the delisting would “simplify the group’s corporate structure,” according to The Business Times.
Jardine Matheson is incorporated in Bermuda and primarily listed in London. It also holds secondary listings in Bermuda and Singapore, the company’s investor website shows. (Jardine Matheson)
Still, this week’s momentum could falter. Buybacks running at this speed won’t shift things dramatically by themselves. A delay in the Mandarin Oriental schedule—or a wider pullback in Asian risk appetite—might drag the stock back into the range it’s hovered in for most of the past year.
