To The Moon

Overall, institutions were net buyers of Singapore stocks over the first 7 sessions of August with S$341 million of net inflows.

$OVERSEA-CHINESE BANKING CORP(O39.SI)$ $DBS GROUP HOLDINGS LTD(D05.SI)$ and $KEPPEL CORPORATION LIMITED(BN4.SI)$ led the net institutional inflows for the 7 sessions through to Aug 10.

Meanwhile, $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ and $NETLINK NBN TRUST(CJLU.SI)$ led the net institutional outflows for the same 7 sessions.

$KEPPEL CORPORATION LIMITED(BN4.SI)$ $WILMAR INTERNATIONAL LIMITED(F34.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ $CapitaLandInves(9CI.SI)$ $THE HOUR GLASS LIMITED(AGS.SI)$ $JAPFA LTD.(UD2.SI)$

$OUE LIMITED(LJ3.SI)$ $VALUETRONICS HOLDINGS LIMITED(BN2.SI)$ $SARINE TECHNOLOGIES LTD(U77.SI)$ $COSMOSTEEL HOLDINGS LIMITED(B9S.SI)$ $INTRACO LIMITED(I06.SI)$

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Share buybacks

There were 11 primary-listed stocks conducting share buybacks over the 4 sessions ended Aug 11, with a total consideration of S$48 million up from S$26.5 million for the preceding 5 sessions.

$KEPPEL CORPORATION LIMITED(BN4.SI)$ $WILMAR INTERNATIONAL LIMITED(F34.SI)$ and $OVERSEA-CHINESE BANKING CORP(O39.SI)$ led the consideration tally. Keppel bought back 2,398,000 shares at an average price of S$7 per share. On the current mandate, it has bought back 1.93 per cent of its issued shares (excluding treasury shares) as of Aug 11.

Director and substantial shareholder transactions

The 4 trading sessions saw close to 50 changes to director interests and substantial shareholdings filed for fewer than 20 primary-listed stocks. This included 3 company director acquisitions with no disposals filed, while substantial shareholders filed 4 acquisitions and 5 disposals.

$FIRST SPONSOR GROUP LIMITED(ADN.SI)$

Between Aug 4 and 5, First Sponsor Group non-executive chairman Calvin Ho Han Leong acquired 300,000 shares of the company at an average price of S$1.29 per share. With a consideration of S$388,211 this increased his total interest in the group from 46.44% to 46.47%. It followed on from the acquisition of 599,000 shares of the company at an average price of S$1.37 per share between Mar 17 and 18 and 63,900 shares at S$1.34 per share on Feb 24.

Ho was appointed non-executive chairman of the company in April 2015. Prior to this, he had served as the non-executive vice-chairman of the company since Oct 1, 2007. He has also accumulated extensive experience during his tenure as CEO of Singapore-incorporated Tai Tak Estates.

$ENGRO CORPORATION LIMITED(S44.SI)$

On Aug 4, EnGro Corporation substantial shareholder Chua Wee Keng acquired 61,400 shares of the company at S$1.27 per share. With a consideration of S$78,217, this increased his direct interest in the company from 7.66% to 7.71%. Chua has gradually increased his interest in Engro Corporation from 7.39% prior to Jun 1.

EnGro is a leading provider of building materials, with more than 40 years of operational experience shaping landscapes in various parts of Asia. The group recorded a revenue of S$129.6 million in 2022, representing a 33.7% increase from the S$96.9 million registered in 2020, boosted by a turnaround in the Singapore construction sector.

Source: https://www.sgx.com/research-education/market-updates/20220815-fewer-director-filings-amid-focus-company-earnings