Thursday, September 19th, 2024

Singapore Notable Transactions

  • Institutional Inflow:
    • Institutions were net buyers of Singapore stocks between Aug 30 and Sep 5, with S$328 million in net institutional inflow.
    • Half of this inflow was recorded on Aug 30, coinciding with the MSCI quarterly index review.
    • Stocks leading the inflow include DBS, Singtel, UOB, Seatrium, Sembcorp Industries, and OCBC.
  • Institutional Outflow:
    • Stocks with significant net institutional outflow included Sats, UMS Holdings, Keppel Reit, Best World International, Venture Corporation, and Wilmar International.
  • Share Buybacks:
    • 21 companies conducted buybacks worth S$19.8 million.
    • OCBC led buybacks, acquiring 600,000 shares.
    • Global Investments bought back 1.5 million shares.
  • Notable Director Transactions:
    • Directors or CEOs filed 24 acquisitions and three disposals, while substantial shareholders filed eight acquisitions and six disposals.
  • Tuan Sing Holdings:
    • Nuri Holdings increased its stake in Tuan Sing Holdings, raising the deemed interests of directors William and Michelle Liem.
    • The company reported a net loss of S$6.6 million for H1 FY2024 but anticipates positive contributions from its retail asset enhancement in 2025.
  • Aedge Group:
    • Executive chairman Poh Soon Keng increased his stake in Aedge Group through a S$520,800 share acquisition.
    • The company showed resilience with operational efficiency, despite lower revenue in FY2024.
  • Other Key Acquisitions:
    • CapitaLand Ascott Trust and ValueMax Group had significant director acquisitions, reflecting growing interest in their stocks.Thank you