Strong Buyback Momentum Continued into Mid-August

Categories: Industry/Sector Analysis, General Market Analysis, Fundamental Analysis, Financial Analysis, Investor Education, Equity Investments

Country or region: Singapore

Summary:
Strong Buyback Momentum Continued into Mid-August
  • For the first 12 sessions of August 2018, share buyback consideration has exceeded S$100 million. This is the seventh successive month the S$100 million threshold has been crossed, with buyback consideration in excess of S$1 billion for the 2018 YTD.
  • The 23 stocks that have conducted share buybacks in the August MTD have bought back a total of 17.7 million shares for a consideration of S$116.5 million. The buyback consideration was led by DBS Group Holdings, United Overseas Bank and CapitaLand.
  • The August MTD has also seen fresh buyback mandates commence for City Developments, Hi-P International, Singapore Shipping Corporation, Ban Leong Technologies, Japan Foods Holding, Maxi-Cash Financial Services Corporation & Star Pharmaceutical.


Reference URL: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_20082018_1




Abstract

  • For the first 12 sessions of August 2018, share buyback consideration has exceeded S$100 million. This is the seventh successive month the S$100 million threshold has been crossed, with buyback consideration in excess of S$1 billion for the 2018 YTD.
  • The 23 stocks that have conducted share buybacks in the August MTD have bought back a total of 17.7 million shares for a consideration of S$116.5 million. The buyback consideration was led by DBS Group Holdings, United Overseas Bank and CapitaLand.
  • The August MTD has also seen fresh buyback mandates commence for City Developments, Hi-P International, Singapore Shipping Corporation, Ban Leong Technologies, Japan Foods Holding, Maxi-Cash Financial Services Corporation & Star Pharmaceutical.



Date of original publication:

08/20/2018


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