To The Moon

Institutions were net buyers of Singapore stocks over the five trading sessions through to Aug 31, with S$54.7 million of net institutional inflow, while 22 primary-listed companies conducted buybacks with a total consideration of S$18.9 million.

UOB $UNITED OVERSEAS BANK LIMITED(U11.SI)$ again led the share buyback consideration tally, buying back 360,000 shares at an average price of S$28.41 per share, followed by Olam Group $Olam Group(VC2.SI)$ which bought back 3.25 million shares at an average price of S$1.25 per share. StarHub $STARHUB LTD(CC3.SI)$ also bought back 1.35 million shares at an average price of S$1.02 per share.

Sembcorp Industries $SEMBCORP INDUSTRIES LTD(U96.SI)$ , CapitaLand Ascendas Reit $ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ , UOB $UNITED OVERSEAS BANK LIMITED(U11.SI)$ , Seatrium $Seatrium(S51.SI)$ , Singapore Airlines $SINGAPORE AIRLINES LTD(C6L.SI)$ , Mapletree Industrial Trust $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ , UMS Holdings $UMS HOLDINGS LIMITED(558.SI)$ , Keppel Corporation $KEPPEL CORPORATION LIMITED(BN4.SI)$ , CapitaLand Investment $CapitaLandInves(9CI.SI)$ , and Frasers Centrepoint Trust $FRASERS CENTREPOINT TRUST(J69U.SI)$ led the net institutional inflow over the five sessions.

Leading the net institutional outflow over the five sessions, were Venture Corporation $VENTURE CORPORATION LIMITED(V03.SI)$ , CapitaLand Ascott Trust $Ascott Trust(HMN.SI)$ , Genting Singapore $GENTING SINGAPORE LIMITED(G13.SI)$ , Yangzijiang Shipbuilding (Holdings) $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ , OUE Commercial Reit $OUE COMMERCIAL REIT(TS0U.SI)$ , City Developments $CITY DEVELOPMENTS LIMITED(C09.SI)$ , Singtel $SINGTEL(Z74.SI)$ , CDL Hospitality Trust $CDL HOSPITALITY TRUSTS(J85.SI)$ and XMH Holdings $XMH HOLDINGS LTD.(BQF.SI)$ .

The five trading sessions saw more than 70 changes to director interests and substantial shareholdings filed for 35 primary-listed stocks. This included 21 company director acquisitions with five disposals filed, while substantial shareholders filed 12 acquisitions and two disposals.

Acquisitions were filed for directors or CEOs of Beng Kuang Marine $BENG KUANG MARINE LIMITED(BEZ.SI)$ , Fortress Minerals $FORTRESS MINERALS LIMITED(OAJ.SI)$ , JEP Holdings $JEP HOLDINGS LTD.(1J4.SI)$ , Kim Heng $KIMHENG OFFSHORE&MARINE HLDLTD(5G2.SI)$ , QAF $QAF LIMITED(Q01.SI)$ , RE&S Holdings $RE&S HOLDINGS LIMITED(1G1.SI)$ , SunMoon Food Company $SUNMOON FOOD COMPANY LIMITED(AAJ.SI)$ , Trans-China Automotive Holdings, Union Steel Holdings $UNION STEEL HOLDINGS LIMITED(BLA.SI)$ , XMH Holdings $XMH HOLDINGS LTD.(BQF.SI)$ and Wilmar International $WILMAR INTERNATIONAL LIMITED(F34.SI)$ .

1.Wilmar International $WILMAR INTERNATIONAL LIMITED(F34.SI)$

On Aug 25, Wilmar International chairman and CEO, Kuok Khoon Hong, increased his deemed interest in the global agri-business from 13.39% to 13.40%.

This saw HPRY Holdings acquire 292,300 shares, Longhlin Asia buy 292,400 shares and Hong Lee Holdings add 292,400 shares. The 877,100 shares were bought at an average price of S$3.55.

2.QAF $QAF LIMITED(Q01.SI)$

Between Aug 25 and 29, QAF joint group managing director and executive director Lin Kejian acquired 1,018,200 shares at an average price of S$0.815 per share. With a consideration of S$829,965, this increased his total interest in QAF from 48.58% to 48.76%.

Lin has been filing acquisitions in the stock since Aug 15. His prior purchases were back in late June 2020.

3.RE&S Holdings $RE&S HOLDINGS LIMITED(1G1.SI)$

On Aug 29 RE&S Holdings executive director and chief operating officer Lim Shyang Zheng acquired 166,000 shares at S$0.265 per share.

With a consideration of S$43,990, this increased his direct interest in the Catalist-listed company from 2.21% to 2.26%.

Lim oversees the group’s day-to-day business operations and organisational functions which include supply chain and retail operations.

4.SunMoon Food Company $SUNMOON FOOD COMPANY LIMITED(AAJ.SI)$

Between Aug 28 and 31, SunMoon Food Company non-independent and non-executive director Song XiaoJun acquired 2,055,500 shares at an average price of S$0.02 per share.

With a consideration of S$41,523, this increased his total interest in the consumer-focused distributor and marketer of branded high-quality fruits and vegetables from 13.94% to 14.0%.

Song is experienced in supply chain management, and he has held management positions in the industry for nine years. In addition, he also has relevant experience in the food services business since year 2020 and is currently the director of Champion Financial (Hongkong).

5.Union Steel Holdings $UNION STEEL HOLDINGS LIMITED(BLA.SI)$

Between Aug 29 and 30, Union Steel Holdings executive director Ang Yew Chye acquired 39,500 shares at S$0.86 per share for a consideration of S$33,952. This increased Ang’s direct interest in the multi-business investment holding company from 10.72% to 10.82%.

Ang is responsible for the day-to-day operations and management of the companies and has more than 30 years of experience in the scrap metal recycling business.

6.Beng Kuang Marine $BENG KUANG MARINE LIMITED(BEZ.SI)$

On Aug 30, Beng Kuang Marine CEO Yong Jiunn Run acquired 250,000 shares at an average price of S$0.065 per share. With a consideration of S$16,250, this took his direct interest in the company from 4.07% to 4.19%.

His preceding acquisition was on Jul 4, with 100,000 shares acquired at S$0.07 per share.

7.Kim Heng $KIMHENG OFFSHORE&MARINE HLDLTD(5G2.SI)$

On Aug 25, Kim Heng executive chairman and CEO Thomas Tan acquired 200,000 shares at an average price of S$0.081 per share. With a consideration of S$16,200, this increased his direct interest in the company from 0.08% to 0.11%.

Tan also maintains a 40.17% deemed interest in Kim Heng which brings his total interest to 40.28%.

https://www.sgx.com/research-education/market-updates/20230904-directors-agri-food-and-fb-companies-raise-their-stakes