Total share buyback consideration for the month of May 2019 totaled S$123.1 million. There were 24 SGX-listed stocks that reported buybacks of their SGX-listings over the month, buying back a total of 39.1 million shares or units.

The S$123.1 million in buyback consideration was more than triple the buyback consideration of S$35.5 million filed in April 2019 (click here for more).



The S$123.1 million in consideration was also the highest monthly tally since a total consideration of S$245.4 million was recorded in August 2018, when DBS Group Holdings ("DBS") contributed S$150.8 million to that month's tally.

Last month, the Straits Times Index ("STI") declined 8.3%, with dividend distributions trimming the decline to a 7.0% decline in total return.

The preceding month of April had seen the STI generate a total return of 6.1%. The three banks, DBS, Oversea-Chinese Banking Corporation ("OCBC") and United Overseas Bank led the declines, whilst Real Estate Investment Trusts generated more defensive returns with the sector generating a total return of 0.4%.

Telecommunication stocks also generated defensive returns with Singapore Telecommunications, NetLink NBN Trust and StarHub all gaining, averaging 1.3% total returns.

Both these two sectors, which were comparatively defensive in May, were subject the highest net institutional inflows for the month.

More than a Dozen New Mandates Commenced in May 2019

weifang cbs9.14aChina Sunsine is the largest producer of rubber accelerators in the world. NextInsight file photo.The table below summarises the buyback considerations in May 2019.

The table is sorted by the value of the total consideration amount for the month, which combines the amount of shares or units purchased and the purchasing price of the transactions.

The 13 stocks that commenced new mandates are highlighted in bold.


Company /Trust

Total Number of Shares/units Purchased in May 2019

Total Buyback Consideration 
in May 2019*

Cumulative Number of Shares/units purchased in Mandate to date

DBS Group

2,600,000

$65,680,143

2,600,000

OCBC

2,780,000

$30,643,985

2,780,000

Best World

4,875,000

$7,777,699

6,220,000

Keppel Reit

4,200,000

$5,142,030

6,390,700

Singapore Technologies Engineering

1,100,000

$4,323,524

1,100,000

China Sunsine

2,579,000

$2,974,024

2,579,000

Global Investments

10,748,700

$1,415,269

12,278,700

SingTel

437,333

$1,362,963

808,005

Kimly

3,600,000

$867,056

5,650,700

AEM

900,000

$837,144

900,000

Tuan Sing Holdings

2,015,000

$747,254

2,315,000

Japfa

855,500

$459,859

855,500

Olam

110,600

$195,946

110,600

The Straits Trading Company

60,600

$132,388

75,600

Nordic Group

477,100

$129,556

605,800

Raffles Medical

100,000

$101,151

100,000

GRP

633,500

$99,814

944,200

Duty Free International

420,000

$80,430

7,953,600

Koufu

100,000

$69,604

100,000

Jumbo

92,300

$34,702

92,300

Cheung Woh Technologies

278,900

$34,341

278,900

Singapore Shipping Corp

69,400

$19,549

11,821,800

Aspen (Group)

50,000

$7,614

50,000

TREK 2000

5,000

$548

5,000

Total

39,087,933

$123,136,594

 

*including stamp duties, clearing changes etc.


This article was first published on the SGX website.


Share Prices

Counter NameLastChange
AEM Holdings3.110-0.020
AusGroup0.024-0.001
Avi-Tech Electronics0.380-0.005
Best World Int.1.360-
CEI0.860-0.040
China Sunsine0.380-0.005
CNMC GoldMine0.205-
CSE Global0.430-0.005
Eagle HTrust USD0.137-
Food Empire0.5050.005
Golden Energy0.1740.004
GSS Energy0.065-0.002
ISDN Holdings0.2200.022
ISOTeam0.125-
JB Foods0.490-0.015
KSH Holdings0.3050.005
Miyoshi0.0290.002
Moya Asia0.063-0.001
Nordic Group0.225-
Oxley Holdings0.235-0.005
Procurri0.265-0.010
REX International0.140-0.003
Riverstone2.1900.010
Roxy-Pacific0.3450.010
Sing Holdings0.320-0.010
SingMedical0.245-0.015
Straco Corp.0.505-
Sunningdale Tech0.9450.005
Sunpower Group0.4550.005
The Trendlines0.109-0.004
Tiong Seng0.152-
Uni-Asia Group0.470-
Yangzijiang Shipbldg0.935-0.010

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