Buyback Consideration at S$109M in July 2018, Led by 8 STI stocks
In the month of July 37 stocks repurchased 52 million shares/units for a total consideration of S$109 million. The buyback consideration was down 37% from S$174 million in June 2018 & up fourfold from S$27 million in July 2017. The 37 stocks included eight STI constituents - UOB, DBS, Yangzijiang, Keppel Corp, OCBC, ST Engineering, SATS & Sembcorp Industries; and made up as much as S$83 million, or 75%, of the S$109 million in consideration. The largest buyback consideration posted by a non-STI stock was again by Wing Tai Hldgs which bought back 5.6 million shares for a consideration of S$10.7 million.