SGX October 2018 Buybacks at S$60M, 7 Stocks Begin New Mandates
In October, 29 SGX-listed stocks repurchased 31 million shares for a total consideration of S$60 million. This brought the total buyback consideration over the first 10 months of 2018 to SS$1.34 billion, which is more than three times the total buyback consideration in 2017. The 29 stocks included 6 STI constituents - DBS, CDL, SATS, SPH, SGX & Sembcorp Industries and STI Reserve stock Keppel REIT. 7 stocks commenced new buyback mandates in October - Advancer Global, Avarga, Global Palm Resources Holdings, GP Industries, Jumbo Group, Singapore Exchange and The Straits Trading Company.