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Jardine Matheson Holdings Limited
19-01-2015, 10:58 AM.
Post: #21
RE: Jardine Matheson Holdings Limited
(19-01-2015, 10:40 AM)greentea Wrote:

Jardine Matheson tops trading by value as smaller board lots trading starts
By Cai Haoxiang @HaoxiangCaiBT
19 Jan 10:25 AM
AN hour into trading on Monday morning, secondary-listed Jardine Matheson Holdings is Singapore Exchange's (SGX) top traded stock by value.

By 10am, 197,000 shares were traded with a total traded value of US$12.6 million. The counter rose 50 US cents to US$63....

The small board lots initiative works. Retail investors are able to buy the company in lots of ~US$6,300, rather a much bigger sum previously.
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25-01-2019, 07:23 PM.
Post: #22
RE: Jardine Matheson Holdings Limited
Goldman, Morgan Stanley Ask to Cancel Trades After $41 Billion Flash Crash

By Sofia Horta e Costa , Bei Hu , Cathy Chan , and Livia Yap
January 25, 2019, 2:27 PM GMT+7 Updated on January 25, 2019, 4:39 PM GMT+7

* Jardine Matheson briefly lost $41 Billion of market value
* Those who sold lost $9 million in minutes, calculations show

Goldman Sachs Group Inc. and Morgan Stanley asked some counterparties to cancel or amend trades in Jardine Matheson Holdings Ltd., after a $41 billion flash crash on Thursday saw shares change hands far below the market level, according to people familiar with the matter.

Some of the amendment requests were to settle the trades at a higher price, according to the people, who asked not to be named discussing a sensitive topic. It wasn’t clear whether the at-market sell orders from Goldman and Morgan Stanley triggered the brief plunge or whether other factors in the pre-open auction were at play, some of the people said. Spokesmen for Goldman and Morgan Stanley declined to comment.

Speculation has been swirling in Singapore about Jardine Matheson’s dramatic start to the Thursday session, when some 167,500 shares changed hands at $10.99, compared with the previous day’s close of $66.47, then bounced back within minutes. That implies a loss of about $9 million for those who sold at the pre-market level, and an instant windfall on the other side of the trade, according to Bloomberg calculations.

Three market makers had their sell orders matched at the day’s low, a separate person said, also asking not to be named as the details are private. More than a dozen counterparties snapped up the cheaper shares, according to that person. The plunge briefly wiped out $41 billion in market value.

Singapore Exchange Ltd. decided not to cancel the trades. Sellers had "ample time" to withdraw their orders if they didn’t want to offload shares at the low price, SGX said after reviewing the incident. The exchange attributed the decline to sell orders that overwhelmed bids during the pre-open, for which neither a fat finger nor a malfunctioning computer system were responsible.

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20-03-2020, 12:18 AM.
Post: #23
RE: Jardine Matheson Holdings Limited
Complex cross-shareholding of JM, JS, JC&C being affected by the market volatility.

Jardine Strategic down 14% in biggest single-day drop (Thu, Mar 19, 2020 - 4:00 PM)

"...with the recent spike in market volatility, the usual relationship between two stocks seems to have collapsed to levels never seen before...Over the longer term, Mr Blennerhassett believes that it would make more sense for JS to trade at a 40 per cent discount to its adjusted net asset value (NAV), instead of a 55 per cent discount now...."

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