In today’s briefing:
- Weather Signals Point To Mixed Rainfall Across Rubber Belt
- A New Era for Jardine Matheson: An Under-The-Radar Transformation.
- Wave Of Director Acquisitions as Local Rally Takes a Breather
Weather Signals Point To Mixed Rainfall Across Rubber Belt
- South Asian Monsoon to be active till Sept-end, may disrupt supply
- Indian production to improve next month, can pressure prices
- Cambodia, Laos equipped to forecast floods five days in advance
A New Era for Jardine Matheson: An Under-The-Radar Transformation.
After Ben Keswick took over Jardine Matheson, the company has slowly transitioned away from being an owner-operator to more of a portfolio manager.
The privatization of Jardine Strategic was under-priced, but it also simplified the corporate structure. That should be positive for minorities in the long term.
Jardine Matheson’s own board has now been stacked with private equity professionals. And new CEO Lincoln Pan comes from private equity firm PAG, where he built up its non-China business.
Wave Of Director Acquisitions as Local Rally Takes a Breather
- Institutions were net sellers of Singapore stocks with a net outflow of S$53 million from August 15-21.
- ISOTeam secured S$22.5 million in new contracts, boosting its order book to S$181.1 million for 24 months.
- Q & M Dental Group raised S$130 million from a Multicurrency Debt Issuance Programme for organic expansion and M&A.
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