S-REIT acquisitions regain momentum as capital reopens
Acquisition activity among Singapore REITs (S-REITs) has picked up this year, signalling a measured return to growth as financing conditions stabilise. Over the first four months of the year, S-REITs announced 11 acquisition transactions with a total value exceeding S$6.3 billion, already accounting for more than 70% of the total acquisition value recorded in the whole of 2025. By comparison, only six acquisitions were announced over the same period last year, while full-year 2025 saw 21 transactions amounting to roughly S$8.8 billion. The faster pace this year reflects improving access to capital and greater investor confidence, particularly for acquisitions that enhance portfolio quality and offer clearer earnings visibility. Much of the acquisition momentum has been driven by larger REI
Weekly: Avi-Tech, Beng Kuang, AST & Fuxing China directors see Huge Acquisitions
Over the four sessions through to the 7 May close, 16 primary-listed companies conducted buybacks with a total consideration of S$16.1 million. At the same time, more than 90 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or CEOs reported 12 acquisitions and 13 disposals, while substantial shareholders recorded 10 acquisitions and two disposals. 1. $Avi-Tech Hldg(1R6.SI)$ On 6 May, Avi-Tech Holdings shares were transacted through a married deal in which Global Wave Venture acquired 51,142,766 shares, representing 29.9% of the company, from founder Lim Eng Hong and his related parties for total consideration of S$17.0 million. This marked a shift in control at the listed entity and in
$Straits Times Index(STI.SI)$ gained 0.19% and closed at 4,921.90, as strength in internet retail and aluminum sectors offset weakness in banks and REITs. The index traded within a tight range, reflecting cautious sentiment ahead of key global macro data.Sectors: Internet & Direct Marketing Retail (+14.29%) and Aluminum (+10.08%) dominated the leaderboard, while Specialized Consumer Services (+7.14%) and Security & Alarm Services (+5.26%) also advanced on defensive positioning. Gas Utilities (+3.87%) rounded out the top performers as energy prices held firm.8 Popular Stocks:$SS SPDR S&P500 USD(S27.SI)$ +3.37% — The Singapore-listed S&P 500 ETF tracked Wall Street higher as U.S. equitie
The combined weightage of $DBS(D05.SI)$$UOB(U11.SI)$$OCBC Bank(O39.SI)$ in the Straits Times Index (STI) increased from 39.6% at end-2019 to 55.0% in February 2025, before moderating to 51.6% at present, alongside average total returns of 175% over the same period. DBS, OCBC have released 1Q26 financial results, with UOB providing 1Q26 performance highlights, with each reporting results above consensus estimates. NOII Growth Driven by Wealth and Fee Income Combined non‑interest income (NOII) for DBS, OCBC, and UOB rose to S$5.16 billion in 1Q26, up from S$4.00 billion in 4Q25 and S$4.78 billion in 1Q25, representing about 39% of combined total income. The
Singapore Buybacks Surge Past S$900M in 4M26, Led by Singtel, OCBC and Keppel
Companies often repurchase shares to support employee compensation plans or to deploy surplus capital more effectively. ACRA maintain that buybacks can enhance key financial metrics such as Earnings per Share (EPS) and Return on Equity (ROE), take advantage of perceived undervaluation, and reduce the overall cost of capital. Over the first four months of 2026 (4M26), more than 50 primary-listed companies in Singapore have collectively repurchased S$911 million worth of shares on the open market, from around S$750 million during 4M25 and S$343 million in 4M24. Secondary stocks were also active on buybacks in 4M26, with Hongkong Land Holdings repurchasing about 11.0 million shares for US$88.5 million at an average price of US$8.08 and Jardine Matheson Holdings repurchasing about 2.85 million