16 Companies Bought Back S$30 M in Shares in January

• In the month of Jan 2020, 16 SGX primary-listed stocks bought back 37 million shares for a total consideration of S$30 million. This was down from S$70 million in consideration for Dec 2019, and similar to the S$26 million filed for Jan 2019.

• The Jan buyback consideration tally was led by OCBC, Sembcorp Industries, Silverlake Axis, Singapore Technologies Engineering, Stamford Land Corporation. As of 3 Feb, Stamford Land Corporation had bought back 4.13% of its issued shares from the date of its current buyback mandate.

• Buybacks conducted by STI stocks made up two-thirds of the S$590 million total consideration in 2019. In January 2020, five STI stocks again made up just over two-thirds of the S$30 million, with Singapore Exchange and Singapore Press Holdings also contributing to Jan’s buyback consideration.

Stocks that Conducted buybacks in January 2020

Sum of Total Number of Shares/units Purchased

Sum of Total Buyback Consideration* 

Max of Cumulative Number of Shares/units purchased in Mandate to date

OCBC

750,000

$8,247,181

11,080,000

Sembcorp Industries

2,868,000

$6,604,138

4,598,100

Silverlake Axis

13,111,500

$5,212,403

21,112,900

Singapore Technologies Engineering

800,000

$3,205,350

7,299,100

Stamford Land Corporation

4,228,600

$2,113,953

32,817,100

Singapore Exchange

210,400

$1,840,592

210,400

Global Investments

6,322,700

$901,712

71,357,500

Singapore Press Holdings

300,000

$609,457

300,000

Straco Corporation

540,000

$362,829

1,974,700

Singapore Shipping Corporation

622,000

$180,757

15,845,700

Hotel Properties

35,900

$136,982

256,200

The Straits Trading Company

59,300

$125,960

571,700

CDW Holding

652,600

$122,302

4,705,500

Spackman Entertainment Group

5,919,400

$95,004

17,919,400

Intraco

179,200

$52,628

800,000

Tuan Sing Holdings

150,000

$46,873

3,855,000

Total

36,749,600

$29,858,122

* including stamp duties, clearing changes etc.