This article was originally published on SGX's investor education portal, My Gateway, and is republished with permission. 

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S$64 million in Share Buybacks in August 2016 
  • In the month of August 2016, there were a total of 24,876,600 shares repurchased by 37 stocks, with a total consideration of S$63,944,167.54. This compared to S$544 million in August 2015 and S$71 million in July 2016.
  • The five stocks with the largest buyback consideration value in August were Singapore Airlines, Olam International, DBS Group Holdings, Wilmar International and SIA Engineering Company.
  • Buybacks in August 2016 have taken the total share buyback consideration for the first eight months of 2016 year to S$679 million, which compares to S$1261 million for the first eight months of 2015.


Share buybacks refer to share issuer repurchasing some of their outstanding shares from shareholders through open market transactions. Once the shares are bought back, they will be converted into treasury shares, which means they are no longer categorised as shares outstanding. Other motivations for share buybacks include companies moving to align stock valuations with balance sheet objectives.


SQ2.15SIA has bought back S$36.1 million worth of shares since July 2016. File photoIn the month of August 2016, there were a total of 24,876,600 shares repurchased by 37 stocks, with a total consideration of S$63,944,167.54.  Buybacks in August 2016 have taken the total share buyback consideration for the 2016 year through to the end of July to S$679 million. The five stocks with the largest buyback consideration value in August were Singapore Airlines, Olam International, DBS Group Holdings, Wilmar International and SIA Engineering Company.  

Buyback consideration in August 2016 was down 88% from the $544 million in buyback consideration reported for August 2015 and down 10% from the S$71 million reported for July 2016.  The decline from August 2015 buyback activity coincided with a volatile month where the STI index declined 8.1% for the month of August 2015.



Share buyback information can be found on the company disclosure page on the SGX website, using the Announcement category and sub-category of Share Buy Back-On Market (click here).

The table below summarises the buyback considerations in August 2016. The table is sort by the value of the total consideration amount, which collates the amount of shares purchased and the purchasing price of the shares. The date of the relevant share buyback mandate is also provided, in addition to the amount of shares authorised to be bought back under the mandate. The total number of shares purchased under the mandate and the percentage of the companies that issued shares that have been repurchased under the mandate are also provided.

Stock Start date of buyback mandate No. of shares purchased in Aug 2016 Total consideration ($) Cumulative no. of shares purchased to end-Aug 2016
SIA 29/07/2016 3,381,500 36.1 m 3,481,500
Olam 25/04/2016 6,458,000 12.8 m 35,018,500
DBS 28/04/2016 300,000 4.5 m 300,000
Wilmar 28/04/2016 737,100 2.3 m 4,197,900
SIA Engineering 22/07/2016 296,900 1.1 m 404,500
OUE 21/04/2016 618,000 968,680 618,000
Sembcorp Industries 19/04/2016 350,000 952,670 950,000
Hi-P 28/04/2016 1,433,900 593,723 1,599,200
Soup Restaurant 29/04/2016 2,545,800 518,922 2,879,400
Valuetronics 15/07/2016 980,400 518,587 980,400
Oxley 28/10/2016 1,150,000 468,049 19,889,000
OCBC 22/04/2016 50,000 434,073 6,450,000
SembCorp Marine 18/04/2016 240,000 334,313 656,300
iFAST Corp 08/04/2016 352,100 330,300 1,437,600
HUPsteel 27/10/2015 475,700 269,252 250,000
Straco 29/04/2016 269,800 205,481 269,800

The above is a shorter version of the full table found on My Gateway.


Share Prices

Counter NameLastChange
AEM Holdings3.450-0.070
AusGroup0.021-
Avi-Tech Electronics0.4250.005
Best World Int.1.360-
CEI0.890-0.005
China Sunsine0.340-0.005
CNMC GoldMine0.2650.005
CSE Global0.470-
Food Empire0.585-0.005
Golden Energy0.164-0.001
GSS Energy0.052-0.001
ISDN Holdings0.4000.015
ISOTeam0.1500.001
IX Biopharma0.240-
JB Foods0.550-0.020
KSH Holdings0.330-
Medtecs Intl1.220-0.010
Moya Asia0.064-
Nordic Group0.200-
Oxley Holdings0.215-0.005
Procurri0.325-
REX International0.1460.003
Riverstone3.5300.040
Roxy-Pacific0.320-0.005
Sing Holdings0.3800.005
SingMedical0.250-
Straco Corp.0.490-
Sunningdale Tech1.4500.010
Sunpower Group0.530-
The Trendlines0.0900.001
Tiong Seng0.140-
Uni-Asia Group0.4200.005
Yangzijiang Shipbldg0.9800.010

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