Weekly:UOB, Singtel & The Hour Glass lead Buybacks
Over the five trading sessions through 23 July, 13 primary-listed companies repurchased a combined S$22.5 million of their shares through market acquisitions.
Activity was led by $UOB(U11.SI)$ , which bought back 313,500 shares for S$13.4 million, followed by $Singtel(Z74.SI)$ with S$5.6 million of repurchases.
$TheHourGlass(AGS.SI)$ was also active, acquiring 229,000 shares for S$630,000. On 16 July, KGI Securities initiated coverage of The Hour Glass with an Outperform rating and a target price of S$3.94.
The report highlighted the group's access to allocation-constrained brands such as Rolex, Patek Philippe and Audemars Piguet, its debt-free balance sheet and strong cash generation as key pillars of the investment case. KGI also drew attention to capital management. The report noted that The Hour Glass had permanently cancelled 59.4 million treasury shares previously repurchased for S$112.3 million, while ending FY26 (ended 31 March) with S$157.5 million in cash and no bank borrowings.
The slowdown in buyback and director filings coincide with the busy earnings season which has recently commenced in Singapore.
As investors increasingly look beyond capital management to the operational drivers of value creation, one area attracting growing attention is how companies are applying artificial intelligence and digital solutions to enhance productivity, strengthen competitiveness and support long-term growth.
|
Share Buybacks by Primary-listed Companies by way of Market Acquisition (July 17 to 23) |
Number of Shares/Units Purchased |
Buyback Consideration (incl stamp duties & clearing charges) S$ |
Avg price paid per share S$ |
|
UNITED OVERSEAS BANK |
313,500 |
13,402,156.24 |
42.75 |
|
SINGAPORE TELECOMMUNICATIONS |
1,263,600 |
5,561,494.85 |
4.40 |
|
THE HOUR GLASS |
229,000 |
629,956.65 |
2.75 |
|
FRASER AND NEAVE |
150,000 |
216,282.91 |
1.44 |
|
VALUETRONICS HOLDINGS |
400,000 |
431,603.41 |
1.08 |
|
GEO ENERGY RESOURCES |
1,500,000 |
834,496.34 |
0.56 |
|
STAMFORD LAND CORPORATION |
430,000 |
212,634.48 |
0.49 |
|
SINGAPORE SHIPPING CORPORATION |
200,000 |
60,060.00 |
0.30 |
|
CHUAN HUP HOLDINGS |
206,100 |
54,712.13 |
0.27 |
|
KARIN TECHNOLOGY HLDGS |
239,000 |
62,169.07 |
0.26 |
|
RECLAIMS GLOBAL |
1,026,200 |
205,613.03 |
0.20 |
|
ADDVALUE TECHNOLOGIES |
5,000,000 |
730,411.98 |
0.15 |
|
OXLEY HOLDINGS |
1,800,000 |
134,266.94 |
0.07 |
|
Total |
12,757,400 |
22,535,858.03 |
|
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