In the month of March, 31 primary-listed stocks on SGX bought back their shares that totaled S$131.46 million in buyback consideration, up from the S$114.0 million in consideration and S$52.9 million in consideration in January. The S$131.46 million in buyback consideration represented 0.02% of the total market value of all primary-listed stocks listed on SGX as of the end of the end of March.
Secondary-listings Jardine Matheson Holdings and Hongkong Land also continued to conduct share buybacks in March. Jardine Matheson Holdings completed its US$500 million Share Buyback Programme on Mar 4. From 30 Sep through to 4 Mar, the share price of Jardine Matheson Holdings gained 13.7% in SGD terms, ranking the seventh strongest stock of the MSCI Hong Kong Index over the period.
During the month of March, the STI gained 5.1% to 3,408.52 as the FTSE Asia Pacific Index declined 0.5% in SGD terms.
As seen in February, the March buyback consideration tally was led by Keppel Corporation. As of 18 March, Keppel Corporation had bought back 1.52% of its respective issued shares (excl. treasury shares) on the current buyback mandate. On 27 January, Keppel Corporation announced it had established a S$500 million Share Buyback Programme, pursuant to the Share Purchase Mandate granted by its shareholders at the Company’s previous AGM. The Company noted that shares repurchased will be held as treasury shares which will be used in part for the annual vesting of employee share plans, but also as possible currency for future M&A activities.
The table below summarises the buyback transactions of the 31 primary-listed stocks that conducted buybacks in March, up from the 21 primary-listed stocks that conducted buybacks in February. 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.
Primary-listed Stocks that Conducted Buybacks in March 2022 |
Number of Shares/units Authorised for Purchase in Current Mandate |
Total Number of Shares/Units Purchased in March 2022 |
Total Buyback Consideration (including stamp duties, clearing changes etc.) paid or payable for the shares |
Avg. Price Paid |
Cumulative Number of Shares/units purchased in Mandate to date |
Pct of Outstanding Shares (Excl. Treas) purchased in Mandate to date |
KEPPEL CORPORATION |
36,400,461 |
12,164,000 |
$73,880,138 |
$6.074 |
27,734,100 |
1.52 |
OVERSEA-CHINESE BANKING CORPORATION |
223,511,333 |
2,300,000 |
$27,507,163 |
$11.960 |
31,180,100 |
0.70 |
RAFFLES MEDICAL GROUP LTD |
186,740,892 |
8,387,100 |
$9,717,152 |
$1.159 |
15,666,500 |
0.84 |
GOLDEN AGRI-RESOURCES LTD |
1,269,207,305 |
10,400,000 |
$3,125,341 |
$0.301 |
10,400,000 |
0.08 |
THE HOUR GLASS |
69,664,318 |
1,377,400 |
$2,823,728 |
$2.050 |
14,064,300 |
2.02 |
SINGAPORE EXCHANGE |
107,164,240 |
212,100 |
$1,993,065 |
$9.397 |
2,814,400 |
0.26 |
GLOBAL INVESTMENTS |
159,744,243 |
11,269,600 |
$1,744,488 |
$0.155 |
73,895,100 |
4.63 |
VALUETRONICS HOLDINGS |
43,562,583 |
3,272,400 |
$1,714,326 |
$0.524 |
3,711,100 |
0.85 |
HONG FOK CORPORATION |
84,467,474 |
2,052,300 |
$1,619,343 |
$0.789 |
2,052,300 |
0.24 |
OUE |
87,879,966 |
1,003,400 |
$1,294,980 |
$1.291 |
8,513,500 |
0.97 |
AEM HOLDINGS |
28,088,477 |
292,800 |
$1,202,633 |
$4.107 |
1,739,800 |
0.62 |
G K GOH HOLDINGS |
32,481,013 |
1,007,300 |
$1,142,378 |
$1.134 |
3,787,100 |
1.17 |
COSMOSTEEL HOLDINGS |
29,039,999 |
4,285,500 |
$521,648 |
$0.122 |
4,285,500 |
1.48 |
GHY CULTURE & MEDIA HOLDING CO |
107,379,200 |
1,177,100 |
$498,412 |
$0.423 |
2,491,000 |
0.23 |
PAN-UNITED CORPORATION |
69,857,582 |
1,410,000 |
$494,320 |
$0.351 |
4,291,000 |
0.61 |
VENTURE CORPORATION |
14,517,478 |
28,000 |
$491,780 |
$17.564 |
203,000 |
0.07 |
MEDTECS INTERNATIONAL CORP LTD |
54,641,124 |
1,500,000 |
$339,080 |
$0.226 |
1,500,000 |
0.27 |
BROADWAY INDUSTRIAL GROUP |
46,822,156 |
1,500,000 |
$299,827 |
$0.200 |
13,026,800 |
2.78 |
COMFORTDELGRO CORPORATION |
216,671,416 |
142,500 |
$192,622 |
$1.352 |
142,500 |
0.01 |
SINGAPORE SHIPPING CORPORATION |
39,889,089 |
589,000 |
$164,754 |
$0.280 |
6,391,600 |
1.60 |
GLOBAL PALM RESOURCES HOLDINGS |
25,053,418 |
505,600 |
$116,423 |
$0.230 |
1,138,800 |
0.45 |
TUAN SING HOLDINGS |
118,736,488 |
250,700 |
$98,720 |
$0.394 |
730,700 |
0.06 |
BOUSTEAD SINGAPORE |
48,403,012 |
104,600 |
$97,733 |
$0.934 |
1,782,800 |
0.37 |
HG METAL MANUFACTURING |
3,822,532 |
220,000 |
$91,360 |
$0.415 |
2,025,700 |
1.59 |
ALLIANCE HEALTHCARE GROUP |
20,788,835 |
500,000 |
$87,678 |
$0.175 |
500,000 |
0.24 |
BAN LEONG TECHNOLOGIES |
11,386,050 |
214,700 |
$84,399 |
$0.393 |
456,200 |
0.40 |
EUROSPORTS GLOBAL |
25,944,480 |
349,300 |
$59,012 |
$0.169 |
1,577,300 |
0.61 |
CSC HOLDINGS |
356,782,817 |
2,000,000 |
$28,087 |
$0.014 |
40,400,000 |
1.13 |
ISOTEAM |
34,835,223 |
160,400 |
$16,571 |
$0.103 |
160,400 |
0.05 |
ST GROUP FOOD INDUSTRIES HOLDINGS |
24,286,210 |
50,100 |
$5,969 |
$0.119 |
290,100 |
0.12 |
MDR |
88,288,167 |
80,000 |
$5,770 |
$0.072 |
7,209,100 |
0.82 |
Total |
|
68,805,900 |
$131,458,902 |
|
|
|
Source: SGX, Refinitiv, Bloomberg (Data as of 31 March 2022)
Chart | Stock Name | Last | Change | Volume |
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Created by SGX | Sep 12, 2024
Created by SGX | Sep 09, 2024
Created by SGX | Sep 03, 2024