$JMH USD(J36.SI)$ Jardine Matheson's 2025 update is a strategic reset: the Chairman and CEO have committed to transforming the group from an owner‑operator into a focused investment company, and they are backing that shift with aggressive capital reallocation, hiring top talent, and a clear promise to grow dividends. That combination is the core of a bullish case that supports a US$120 12‑month target. --- Leadership mandate and governance Ben Keswick, Executive Chairman has reframed Jardines’ identity — governance through stronger boards, TSR‑linked incentives and a relentless focus on shareholder value. Lincoln Pan, Chief Executive Officer has translated that into an operational playbook: make 5‑year TSR the principal KPI, require senior mana