| 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.
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More than a Dozen New Mandates Commenced in May 2019 |
China 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 |
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 |
|
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*including stamp duties, clearing changes etc. |
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This article was first published on the SGX website.