JMH USD (J36.SI) saw its stock price soar by 3.09% in Thursday's trading session, following Jardine Matheson Holdings Limited's announcement of a significant share repurchase program. The company has authorized a buyback of up to US$250 million worth of shares, with the intention to cancel the repurchased shares and reduce its capital base.

This move by Jardine Matheson is often interpreted as a sign of management's confidence in the company's future prospects and is typically viewed positively by investors. Share buybacks can potentially boost shareholder value by reducing the number of outstanding shares, which can lead to increased earnings per share.

While the share repurchase program has sparked investor enthusiasm, it's important to note that Jardine Matheson still faces challenges, particularly in its property and automotive sectors. The company's ability to efficiently reallocate capital across its diversified portfolio remains crucial for long-term growth. Additionally, the firm recently declared an interim dividend of US$0.60 per share, further demonstrating its commitment to returning value to shareholders amidst ongoing operational headwinds.