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.

Asia’s leading multi-asset exchange

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

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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In Jan 2022, 26 primary-listed stocks bought back their shares for a total consideration of S$52.9 million, down from the S$216.4 million in consideration filed for Dec 2021, while seasonally up from the S$12.4 million filed in Jan 2021 and the S$30 million filed for Jan 2020. 
	 </li>
	<li>
The Jan 2022 buyback consideration tally was led by Yangzijiang Shipbuilding, OCBC, Nanofilm Tech, SHS Holdings and ST Engineering. As of 31 Jan, SHS Holdings has bought back 5.9%, and Nanofilm Tech has bought back 1.1%, of their respective issued shares (excl. treasury shares) on the current buyback mandates. 
	 </li>
	<li>Yangzijiang Shipbuilding bought back 10 million shares at an average price of S$1.28 per share over two sessions in Jan 2022. With the preceding nine buybacks conducted between 5 Nov and 21 Dec, Yangzijiang has bought back 0.9% of its issued shares (excl. treasury shares) over the past three months. </li>
</ul>
 In January 2022, 26 primary-listed stocks on SGX bought back their shares that totaled S$52.9 million in consideration, down from the S$216.4 million consideration in December 2021 (click <a href="https://www.sgx.com/research-education/market-updates/20220104-buyback-consideration-tops-s1bn-2021">here</a> for more). On a seasonal basis, the consideration was higher than the S$12.45 million in consideration filed for January 2021 (click <a href="https://www.sgx.com/research-education/market-updates/20210201-yangzijiang-avarga-oue-led-buyback-consideration-tally">here</a> for more), and the S$29.9 million filed for January 2020. 
The S$52.9 million in buyback consideration represented 0.008% of the total market value of all primary-listed stocks listed on SGX as of the end of the end of January. Of the S$896.1 billion in total market capitalisation for all stocks listed on SGX at the end of January, S$659.9 billion was represented by primary-listed stocks. Secondary-listings Jardine Matheson Holdings and Hongkong Land also continued to conduct share buybacks in January. During the month of January, the Straits Times Index (“STI”) gained 4.0% to 3,249.59 and ranked as Asia Pacific’s most defensive stock benchmark for the month, as the FTSE Asia Pacific Index declined 3.9% in SGD terms. Singapore stocks were recipient to S$803 million of net institutional inflow in January, following on from more than S$200 million in net institutional outflows in December 2021. Meanwhile, the combined AUM of the SPDR® Straits Times Index ETF and the Nikko AM Singapore STI ETF ended January 2022 at S$2.28 billion, compared to S$2.23 billion at the end of December 2021, with the unit creations and redemptions generating S$31 million of net outflows from the two ETFs over the month. This compared to S$60 million of full year net outflows in 2021.
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 <div class='content-caption'>Buyback consideration</div>
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The January 2022 buyback consideration tally was led by Yangzijiang Shipbuilding (Holdings), Oversea-Chinese Banking Corporation, Nanofilm Technologies International, SHS Holdings and Singapore Technologies Engineering.  As of 31 Jan, SHS Holdings had bought back 5.9% of its respective issued shares (excl. treasury shares) on the current buyback mandates. 
Yangzijiang Shipbuilding (Holdings), which also led the buyback consideration tally in January 2021, bought back 10 million shares at an average price of S$1.28 per share over two sessions in January 2022. With the preceding nine buybacks conducted between 5 November and 21 December, Yangzijiang Shipbuilding (Holdings) has bought back 0.9% of its issued shares (excl. treasury shares) over the past three months. 
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&amp;A activities. 
The table below summarises the buyback transactions of the 26 primary-listed stocks that conducted buybacks in January. 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. 

<table class="table table-striped"><tbody>
<tr>
<td>
			Primary-listed Stocks that Conducted Buybacks in Jan 2022
			</td>
			<td>
			Number of Shares/units Authorised for Purchase in Current Mandate
			</td>
			<td>
			Total Number of Shares/Units Purchased in Jan 2022
			</td>
			<td>
			Total Buyback Consideration (including stamp duties, clearing changes etc.) paid or payable for the shares
			</td>
			<td>
			Average Price Paid
			</td>
			<td>
			Cumulative Number of Shares/units purchased in Mandate to date
			</td>
			<td>
			Pct of Outstanding Shares (Excl. Treas) purchased in Mandate to date
			</td>
		</tr>
<tr>
<td>
			YANGZIJIANG SHIPBUILDING (HOLDINGS)
			</td>
			<td>
			394,851,600
			</td>
			<td>
			10,000,000
			</td>
			<td>
			$12,820,402
			</td>
			<td>
			$1.28
			</td>
			<td>
			35,101,500
			</td>
			<td>
			0.89
			</td>
		</tr>
<tr>
<td>
			OVERSEA-CHINESE BANKING CORPORATION
			</td>
			<td>
			223,511,333
			</td>
			<td>
			800,000
			</td>
			<td>
			$9,836,916
			</td>
			<td>
			$12.30
			</td>
			<td>
			28,480,100
			</td>
			<td>
			0.64
			</td>
		</tr>
<tr>
<td>
			NANOFILM TECHNOLOGIES INTERNATIONAL
			</td>
			<td>
			66,162,611
			</td>
			<td>
			2,000,000
			</td>
			<td>
			$6,901,072
			</td>
			<td>
			$3.45
			</td>
			<td>
			7,218,400
			</td>
			<td>
			1.09
			</td>
		</tr>
<tr>
<td>
			SHS HOLDINGS
			</td>
			<td>
			68,509,831
			</td>
			<td>
			37,713,900
			</td>
			<td>
			$5,863,800
			</td>
			<td>
			$0.16
			</td>
			<td>
			40,174,900
			</td>
			<td>
			5.86
			</td>
		</tr>
<tr>
<td>
			SINGAPORE TECHNOLOGIES ENGINEERING
			</td>
			<td>
			62,409,095
			</td>
			<td>
			1,000,000
			</td>
			<td>
			$3,719,770
			</td>
			<td>
			$3.72
			</td>
			<td>
			8,300,000
			</td>
			<td>
			0.27
			</td>
		</tr>
<tr>
<td>
			KEPPEL CORPORATION
			</td>
			<td>
			36,400,461
			</td>
			<td>
			487,600
			</td>
			<td>
			$2,753,240
			</td>
			<td>
			$5.65
			</td>
			<td>
			947,600
			</td>
			<td>
			0.05
			</td>
		</tr>
<tr>
<td>
			THE HOUR GLASS
			</td>
			<td>
			69,664,318
			</td>
			<td>
			1,274,100
			</td>
			<td>
			$2,494,858
			</td>
			<td>
			$1.96
			</td>
			<td>
			12,084,600
			</td>
			<td>
			1.73
			</td>
		</tr>
<tr>
<td>
			GLOBAL INVESTMENTS
			</td>
			<td>
			159,744,243
			</td>
			<td>
			8,000,000
			</td>
			<td>
			$1,256,636
			</td>
			<td>
			$0.16
			</td>
			<td>
			62,125,500
			</td>
			<td>
			3.89
			</td>
		</tr>
<tr>
<td>
			AEM HOLDINGS
			</td>
			<td>
			28,088,477
			</td>
			<td>
			239,000
			</td>
			<td>
			$1,200,446
			</td>
			<td>
			$5.02
			</td>
			<td>
			1,447,000
			</td>
			<td>
			0.47
			</td>
		</tr>
<tr>
<td>
			RAFFLES MEDICAL GROUP
			</td>
			<td>
			186,740,892
			</td>
			<td>
			842,500
			</td>
			<td>
			$1,111,025
			</td>
			<td>
			$1.32
			</td>
			<td>
			3,279,400
			</td>
			<td>
			0.18
			</td>
		</tr>
<tr>
<td>
			OUE
			</td>
			<td>
			87,879,966
			</td>
			<td>
			741,200
			</td>
			<td>
			$1,001,027
			</td>
			<td>
			$1.35
			</td>
			<td>
			7,510,100
			</td>
			<td>
			0.86
			</td>
		</tr>
<tr>
<td>
			GEO ENERGY RESOURCES
			</td>
			<td>
			139,927,311
			</td>
			<td>
			3,000,000
			</td>
			<td>
			$982,311
			</td>
			<td>
			$0.33
			</td>
			<td>
			11,900,000
			</td>
			<td>
			0.85
			</td>
		</tr>
<tr>
<td>
			HOTUNG INVESTMENT HLDGS
			</td>
			<td>
			9,595,108
			</td>
			<td>
			294,300
			</td>
			<td>
			$645,096
			</td>
			<td>
			$2.19
			</td>
			<td>
			1,071,900
			</td>
			<td>
			1.12
			</td>
		</tr>
<tr>
<td>
			VENTURE CORPORATION
			</td>
			<td>
			14,517,478
			</td>
			<td>
			25,000
			</td>
			<td>
			$446,823
			</td>
			<td>
			$17.87
			</td>
			<td>
			190,000
			</td>
			<td>
			0.07
			</td>
		</tr>
<tr>
<td>
			G.H.Y CULTURE &amp; MEDIA HOLDING CO.,
			</td>
			<td>
			107,379,200
			</td>
			<td>
			641,800
			</td>
			<td>
			$344,734
			</td>
			<td>
			$0.54
			</td>
			<td>
			1,313,900
			</td>
			<td>
			0.12
			</td>
		</tr>
<tr>
<td>
			BOUSTEAD SINGAPORE
			</td>
			<td>
			48,403,012
			</td>
			<td>
			324,900
			</td>
			<td>
			$315,364
			</td>
			<td>
			$0.97
			</td>
			<td>
			1,504,100
			</td>
			<td>
			0.31
			</td>
		</tr>
<tr>
<td>
			FOOD EMPIRE HOLDINGS
			</td>
			<td>
			53,774,969
			</td>
			<td>
			400,000
			</td>
			<td>
			$308,922
			</td>
			<td>
			$0.77
			</td>
			<td>
			3,181,100
			</td>
			<td>
			0.59
			</td>
		</tr>
<tr>
<td>
			HG METAL MANUFACTURING
			</td>
			<td>
			3,822,532
			</td>
			<td>
			682,300
			</td>
			<td>
			$266,781
			</td>
			<td>
			$0.39
			</td>
			<td>
			1,805,700
			</td>
			<td>
			1.42
			</td>
		</tr>
<tr>
<td>
			PAN-UNITED CORPORATION
			</td>
			<td>
			69,857,582
			</td>
			<td>
			527,900
			</td>
			<td>
			$182,465
			</td>
			<td>
			$0.35
			</td>
			<td>
			2,716,000
			</td>
			<td>
			0.39
			</td>
		</tr>
<tr>
<td>
			COMFORTDELGRO CORPORATION
			</td>
			<td>
			216,685,666
			</td>
			<td>
			127,500
			</td>
			<td>
			$172,346
			</td>
			<td>
			$1.35
			</td>
			<td>
			127,500
			</td>
			<td>
			0.01
			</td>
		</tr>
<tr>
<td>
			CSC HOLDINGS
			</td>
			<td>
			356,782,817
			</td>
			<td>
			12,000,000
			</td>
			<td>
			$168,523
			</td>
			<td>
			$0.01
			</td>
			<td>
			36,400,000
			</td>
			<td>
			1.02
			</td>
		</tr>
<tr>
<td>
			KIM HENG
			</td>
			<td>
			70,790,730
			</td>
			<td>
			300,000
			</td>
			<td>
			$24,222
			</td>
			<td>
			$0.08
			</td>
			<td>
			1,065,200
			</td>
			<td>
			0.15
			</td>
		</tr>
<tr>
<td>
			G. K. GOH HOLDINGS
			</td>
			<td>
			32,481,013
			</td>
			<td>
			14,000
			</td>
			<td>
			$16,150
			</td>
			<td>
			$1.15
			</td>
			<td>
			2,779,800
			</td>
			<td>
			0.86
			</td>
		</tr>
<tr>
<td>
			GLOBAL PALM RESOURCES HOLDINGS
			</td>
			<td>
			25,053,418
			</td>
			<td>
			34,900
			</td>
			<td>
			$7,185
			</td>
			<td>
			$0.21
			</td>
			<td>
			633,200
			</td>
			<td>
			0.25
			</td>
		</tr>
<tr>
<td>
			EUROSPORTS GLOBAL
			</td>
			<td>
			25,944,480
			</td>
			<td>
			35,000
			</td>
			<td>
			$6,171
			</td>
			<td>
			$0.18
			</td>
			<td>
			1,228,000
			</td>
			<td>
			0.48
			</td>
		</tr>
<tr>
<td>
			BROADWAY INDUSTRIAL GROUP
			</td>
			<td>
			46,822,156
			</td>
			<td>
			26,800
			</td>
			<td>
			$5,674
			</td>
			<td>
			$0.21
			</td>
			<td>
			10,026,800
			</td>
			<td>
			2.14
			</td>
		</tr>
<tr>
<td>
			Total
			</td>
			<td>
			 
			</td>
			<td>
			81,532,700
			</td>
			<td>
			$52,851,958
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
</tbody></table>
 Source: SGX, Refinitiv, Bloomberg (Data as of 31 Jan 2022)

 

Share buyback transactions involve share issuers repurchasing some of their outstanding shares from shareholders through the open market. Once the shares are bought back, they can be converted into treasury shares, which means they are no longer categorised as shares outstanding. Motivations for share buybacks can include employee compensation plans (such as share option schemes or employee share purchase plans) or long term capital management. Buybacks have also been observed to broadly pick up amidst market declines that are driven by international macroeconomic developments. 
Share buyback information can be found on the company disclosure page on the SGX website, using the Announcement category and sub-category of Share Buy Back-On Market (click <a href="https://www.sgx.com/securities/company-announcements?ANNC=ANNC13">here</a>). As best practice, companies should refrain from buying back their shares during the two weeks immediately before semi-annual financial statements and one month immediately before the full-year financial statements.
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In Jan 2022, 26 primary-listed stocks bought back their shares for a total consideration of S$52.9 million, down from the S$216.4 million in consideration filed for Dec 2021, while seasonally up from the S$12.4 million filed in Jan 2021 and the S$30 million filed for Jan 2020. 
	 
	
The Jan 2022 buyback consideration tally was led by Yangzijiang Shipbuilding, OCBC, Nanofilm Tech, SHS Holdings and ST Engineering. As of 31 Jan, SHS Holdings has bought back 5.9%, and Nanofilm Tech has bought back 1.1%, of their respective issued shares (excl. treasury shares) on the current buyback mandates. 
	 
	Yangzijiang Shipbuilding bought back 10 million shares at an average price of S$1.28 per share over two sessions in Jan 2022. With the preceding nine buybacks conducted between 5 Nov and 21 Dec, Yangzijiang has bought back 0.9% of its issued shares (excl. treasury shares) over the past three months. 

 In January 2022, 26 primary-listed stocks on SGX bought back their shares that totaled S$52.9 million in consideration, down from the S$216.4 million consideration in December 2021 (click here for more). On a seasonal basis, the consideration was higher than the S$12.45 million in consideration filed for January 2021 (click here for more), and the S$29.9 million filed for January 2020.  
The S$52.9 million in buyback consideration represented 0.008% of the total market value of all primary-listed stocks listed on SGX as of the end of the end of January. Of the S$896.1 billion in total market capitalisation for all stocks listed on SGX at the end of January, S$659.9 billion was represented by primary-listed stocks. Secondary-listings Jardine Matheson Holdings and Hongkong Land also continued to conduct share buybacks in January.  During the month of January, the Straits Times Index (“STI”) gained 4.0% to 3,249.59 and ranked as Asia Pacific’s most defensive stock benchmark for the month, as the FTSE Asia Pacific Index declined 3.9% in SGD terms. Singapore stocks were recipient to S$803 million of net institutional inflow in January, following on from more than S$200 million in net institutional outflows in December 2021. Meanwhile, the combined AUM of the SPDR® Straits Times Index ETF and the Nikko AM Singapore STI ETF ended January 2022 at S$2.28 billion, compared to S$2.23 billion at the end of December 2021, with the unit creations and redemptions generating S$31 million of net outflows from the two ETFs over the month. This compared to S$60 million of full year net outflows in 2021.



      
    
    Buyback consideration


The January 2022 buyback consideration tally was led by Yangzijiang Shipbuilding (Holdings), Oversea-Chinese Banking Corporation, Nanofilm Technologies International, SHS Holdings and Singapore Technologies Engineering.  As of 31 Jan, SHS Holdings had bought back 5.9% of its respective issued shares (excl. treasury shares) on the current buyback mandates.  
Yangzijiang Shipbuilding (Holdings), which also led the buyback consideration tally in January 2021, bought back 10 million shares at an average price of S$1.28 per share over two sessions in January 2022. With the preceding nine buybacks conducted between 5 November and 21 December, Yangzijiang Shipbuilding (Holdings) has bought back 0.9% of its issued shares (excl. treasury shares) over the past three months.  
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&amp;A activities.  
The table below summarises the buyback transactions of the 26 primary-listed stocks that conducted buybacks in January. 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 Jan 2022
			
			
			Number of Shares/units Authorised for Purchase in Current Mandate
			
			
			Total Number of Shares/Units Purchased in Jan 2022
			
			
			Total Buyback Consideration (including stamp duties, clearing changes etc.) paid or payable for the shares
			
			
			Average Price Paid
			
			
			Cumulative Number of Shares/units purchased in Mandate to date
			
			
			Pct of Outstanding Shares (Excl. Treas) purchased in Mandate to date
			
		


			YANGZIJIANG SHIPBUILDING (HOLDINGS)
			
			
			394,851,600
			
			
			10,000,000
			
			
			$12,820,402
			
			
			$1.28
			
			
			35,101,500
			
			
			0.89
			
		


			OVERSEA-CHINESE BANKING CORPORATION
			
			
			223,511,333
			
			
			800,000
			
			
			$9,836,916
			
			
			$12.30
			
			
			28,480,100
			
			
			0.64
			
		


			NANOFILM TECHNOLOGIES INTERNATIONAL
			
			
			66,162,611
			
			
			2,000,000
			
			
			$6,901,072
			
			
			$3.45
			
			
			7,218,400
			
			
			1.09
			
		


			SHS HOLDINGS
			
			
			68,509,831
			
			
			37,713,900
			
			
			$5,863,800
			
			
			$0.16
			
			
			40,174,900
			
			
			5.86
			
		


			SINGAPORE TECHNOLOGIES ENGINEERING
			
			
			62,409,095
			
			
			1,000,000
			
			
			$3,719,770
			
			
			$3.72
			
			
			8,300,000
			
			
			0.27
			
		


			KEPPEL CORPORATION
			
			
			36,400,461
			
			
			487,600
			
			
			$2,753,240
			
			
			$5.65
			
			
			947,600
			
			
			0.05
			
		


			THE HOUR GLASS
			
			
			69,664,318
			
			
			1,274,100
			
			
			$2,494,858
			
			
			$1.96
			
			
			12,084,600
			
			
			1.73
			
		


			GLOBAL INVESTMENTS
			
			
			159,744,243
			
			
			8,000,000
			
			
			$1,256,636
			
			
			$0.16
			
			
			62,125,500
			
			
			3.89
			
		


			AEM HOLDINGS
			
			
			28,088,477
			
			
			239,000
			
			
			$1,200,446
			
			
			$5.02
			
			
			1,447,000
			
			
			0.47
			
		


			RAFFLES MEDICAL GROUP
			
			
			186,740,892
			
			
			842,500
			
			
			$1,111,025
			
			
			$1.32
			
			
			3,279,400
			
			
			0.18
			
		


			OUE
			
			
			87,879,966
			
			
			741,200
			
			
			$1,001,027
			
			
			$1.35
			
			
			7,510,100
			
			
			0.86
			
		


			GEO ENERGY RESOURCES
			
			
			139,927,311
			
			
			3,000,000
			
			
			$982,311
			
			
			$0.33
			
			
			11,900,000
			
			
			0.85
			
		


			HOTUNG INVESTMENT HLDGS
			
			
			9,595,108
			
			
			294,300
			
			
			$645,096
			
			
			$2.19
			
			
			1,071,900
			
			
			1.12
			
		


			VENTURE CORPORATION
			
			
			14,517,478
			
			
			25,000
			
			
			$446,823
			
			
			$17.87
			
			
			190,000
			
			
			0.07
			
		


			G.H.Y CULTURE &amp; MEDIA HOLDING CO.,
			
			
			107,379,200
			
			
			641,800
			
			
			$344,734
			
			
			$0.54
			
			
			1,313,900
			
			
			0.12
			
		


			BOUSTEAD SINGAPORE
			
			
			48,403,012
			
			
			324,900
			
			
			$315,364
			
			
			$0.97
			
			
			1,504,100
			
			
			0.31
			
		


			FOOD EMPIRE HOLDINGS
			
			
			53,774,969
			
			
			400,000
			
			
			$308,922
			
			
			$0.77
			
			
			3,181,100
			
			
			0.59
			
		


			HG METAL MANUFACTURING
			
			
			3,822,532
			
			
			682,300
			
			
			$266,781
			
			
			$0.39
			
			
			1,805,700
			
			
			1.42
			
		


			PAN-UNITED CORPORATION
			
			
			69,857,582
			
			
			527,900
			
			
			$182,465
			
			
			$0.35
			
			
			2,716,000
			
			
			0.39
			
		


			COMFORTDELGRO CORPORATION
			
			
			216,685,666
			
			
			127,500
			
			
			$172,346
			
			
			$1.35
			
			
			127,500
			
			
			0.01
			
		


			CSC HOLDINGS
			
			
			356,782,817
			
			
			12,000,000
			
			
			$168,523
			
			
			$0.01
			
			
			36,400,000
			
			
			1.02
			
		


			KIM HENG
			
			
			70,790,730
			
			
			300,000
			
			
			$24,222
			
			
			$0.08
			
			
			1,065,200
			
			
			0.15
			
		


			G. K. GOH HOLDINGS
			
			
			32,481,013
			
			
			14,000
			
			
			$16,150
			
			
			$1.15
			
			
			2,779,800
			
			
			0.86
			
		


			GLOBAL PALM RESOURCES HOLDINGS
			
			
			25,053,418
			
			
			34,900
			
			
			$7,185
			
			
			$0.21
			
			
			633,200
			
			
			0.25
			
		


			EUROSPORTS GLOBAL
			
			
			25,944,480
			
			
			35,000
			
			
			$6,171
			
			
			$0.18
			
			
			1,228,000
			
			
			0.48
			
		


			BROADWAY INDUSTRIAL GROUP
			
			
			46,822,156
			
			
			26,800
			
			
			$5,674
			
			
			$0.21
			
			
			10,026,800
			
			
			2.14
			
		


			Total
			
			
			 
			
			
			81,532,700
			
			
			$52,851,958
			
			
			 
			
			
			 
			
			
			 
			
		

 Source: SGX, Refinitiv, Bloomberg (Data as of 31 Jan 2022)

 

Share buyback transactions involve share issuers repurchasing some of their outstanding shares from shareholders through the open market. Once the shares are bought back, they can be converted into treasury shares, which means they are no longer categorised as shares outstanding. Motivations for share buybacks can include employee compensation plans (such as share option schemes or employee share purchase plans) or long term capital management. Buybacks have also been observed to broadly pick up amidst market declines that are driven by international macroeconomic developments.  
Share buyback information can be found on the company disclosure page on the SGX website, using the Announcement category and sub-category of Share Buy Back-On Market (click here). As best practice, companies should refrain from buying back their shares during the two weeks immediately before semi-annual financial statements and one month immediately before the full-year financial statements.



Yangzijiang, OCBC and Nanofilm Tech Led Buyback Consideration Tally in January