UMS, AEM, Frencken Lead Singapore’s AI Hardware Re-Rating
The artificial intelligence (AI) boom has seen massive capital expenditure among tech giants with strong demand for chips globally, and Singapore’s listed technology manufacturers have also been a beneficiary. Data from Enterprise Singapore on June 17 showed Singapore’s electronic non-oil domestic export (NODX) rose 94.8% year on year in May, supported by robust AI-related demand, driven mainly by integrated circuits, disk media products and PCs. For 2026 year-to-date, stocks within the local Technology sector that focus on semiconductor equipment and testing, or AI-driven hardware have mostly seen valuation expansions and net institutional inflows. Hardware-focused Technology SMIDs with over S$1 million in average daily turnover have attracted more than S$680 million in net institutional
For the five sessions through to the June 11 close, 26 primary-listed companies conducted buybacks with a total consideration of S$170 million. Singapore Telecommunications again led the buyback tally, with 27.1 million shares at an average price of S$4.26, all purchased under the S$2 billion value realisation share buy-back programme. With a similar pace to the previous week, with around 90 director interests and substantial shareholdings filed across more than 40 primary-listed stocks over the five sessions. Directors or CEOs reported 28 acquisitions and seven disposals, while substantial shareholders recorded seven acquisitions and two disposals. 1. $EFH Ltd(8YY.SI)$ On 8 June, Embracing Future Holdings (EFH) Executive Director an