SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Over 70 SGX primary-listed companies repurchased S$2.09 billion in shares in 8M26, up from S$1.57 billion in 8M25.</li><li>Singtel led with S$948.6 million in buybacks, aiming for a 3% EPS accretion through its S$2 billion programme.</li><li>Seatrium's buybacks reached S$99.7 million, nearing full deployment of its S$100 million programme since 2024.</li></ul>

Over 70 SGX primary-listed companies repurchased S$2.09 billion in shares in 8M26, up from S$1.57 billion in 8M25.Singtel led with S$948.6 million in buybacks, aiming for a 3% EPS accretion through its S$2 billion programme.Seatrium's buybacks reached S$99.7 million, nearing full deployment of its S$100 million programme since 2024.

2026 Buyback Consideration Surpasses S$2 Billion

<ul><li>Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling S$71.5 million.</li><li>Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.</li><li>BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% with 574,800 units acquired.</li></ul>

Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling S$71.5 million.Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% with 574,800 units acquired.

Institutional and Insider Accumulation as Buybacks Accelerate

<ul><li>Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five disposals.</li><li>Cortina Holdings completed a S$55 million share buyback, reducing issued shares excluding treasury shares to 152,332,142.</li><li>Chandra Asri Trading increased its stake in Hiap Seng Industries to 16.18% through a S$2.76 million off-market transaction.</li></ul>

Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five disposals.Cortina Holdings completed a S$55 million share buyback, reducing issued shares excluding treasury shares to 152,332,142.Chandra Asri Trading increased its stake in Hiap Seng Industries to 16.18% through a S$2.76 million off-market transaction.

Cortina Completes 8% Buyback; Chandra Asri Adds to Hiap Seng Stake

<ul><li>Over five sessions, 60 director interests and substantial shareholdings were filed, including 23 acquisitions and two disposals by directors/CEOs.</li><li>Seatrium launched a new S$200 million Share Buyback Programme, funded from existing cash, doubling the previous programme.</li><li>Alan Goh of Katrina Group sold 12.6 million shares, reducing his interest to 76.7%, with BYD By 1826 acquiring 5%.</li></ul>

Over five sessions, 60 director interests and substantial shareholdings were filed, including 23 acquisitions and two disposals by directors/CEOs.Seatrium launched a new S$200 million Share Buyback Programme, funded from existing cash, doubling the previous programme.Alan Goh of Katrina Group sold 12.6 million shares, reducing his interest to 76.7%, with BYD By 1826 acquiring 5%.

Chairmen Build Stakes as Seatrium Doubles Buyback Programme

<ul><li>Over five sessions, 90 director interests and substantial shareholdings were filed, with 22 acquisitions and four disposals by directors or CEOs.</li><li>Frencken Group entered a placement agreement to raise S$100 million, funding business expansion and strategic investments.</li><li>Ho Bee Land's founder family continues share accumulation; 1HFY26 revenue rose 29.6%, profit after tax increased 4.9%.</li></ul>

Over five sessions, 90 director interests and substantial shareholdings were filed, with 22 acquisitions and four disposals by directors or CEOs.Frencken Group entered a placement agreement to raise S$100 million, funding business expansion and strategic investments.Ho Bee Land's founder family continues share accumulation; 1HFY26 revenue rose 29.6%, profit after tax increased 4.9%.

Director Interests, Buybacks and Capital Formation Across SGX Stocks

Singapore

Attika Group Ltd. is a full service commercial interior decoration and MEP engineering company. The Company offers design, production, building, project management, servicing, and maintenance for clients' interior fit-out needs. Attika Group serves customers in Singapore.

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Attika Group (53W SP)

2026 Buyback Consideration Surpasses S$2 Billion

Over 70 SGX primary-listed companies repurchased S$2.09 billion in shares in 8M26, up from S$1.57 billion in 8M25. Singtel led with S$948.6...

Singapore Exchange Ltd (SGX)

Institutional and Insider Accumulation as Buybacks Accelerate

Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling...

Singapore Exchange Ltd (SGX)

Cortina Completes 8% Buyback; Chandra Asri Adds to Hiap Seng Stake

Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five...

Singapore Exchange Ltd (SGX)

Chairmen Build Stakes as Seatrium Doubles Buyback Programme

Over five sessions, 60 director interests and substantial shareholdings were filed, including 23 acquisitions and two disposals by...

Singapore Exchange Ltd (SGX)

Director Interests, Buybacks and Capital Formation Across SGX Stocks

Over five sessions, 90 director interests and substantial shareholdings were filed, with 22 acquisitions and four disposals by directors or...

Singapore Exchange Ltd (SGX)

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