• 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.

thumbs up• 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.



January 2020 Buybacks at S$30 Million

The table below summarises the buyback considerations in January 2020.

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.



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.


Article was first published on SGX website. 

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