SGX Market Updates

Wilmar, Keppel Corp & ST Engineering Led Buyback Consideration Tally in February 2021


01 March 2021

  • In February, 17 SGX primary-listed stocks bought back 23 million shares for a total consideration of S$49.7 million. This was up from S$12.4 million in consideration for January 2021, and less than the S$67.9 million filed for February 2020.

  • The February buyback consideration tally was led by Wilmar International, Keppel Corporation, Singapore Technologies Engineering, which accounted for 85% of the S$49.7 million consideration. Wilmar International bought back approximately 5.5 million shares over the month, at an average price of S$5.31 per share.

Total share buyback consideration for month of February 2021 totaled S$49.7 million, up from the $12.4 million in consideration reported for January 2021 (click here for more details). The February 2021 buyback consideration was lower on a seasonal basis, with S$67.9 million in consideration reported for February 2020 (click here for more details).

During the month of February 2021, the Straits Times Index (“STI”) gained 1.6%, moving to 2,949.04 from 2,902.52 at the end of January. Dividends took the STI’s total return to 1.7% in February, and as discussed here, this has brought the 2021 year-to-date total return to 3.9%.

The combined AUM of the SPDR® Straits Times Index ETF and the Nikko AM Singapore STI ETF ended February at S$2.19 billion compared to S$2.16 billion at the end of January 2021 and compared to S$1.12 billion at the end of February 2020, with the unit creations and redemptions generating S$16 million of net inflows into the two ETFs, generating S$980 million of net inflows into the two ETFs over the last 12 months.

SGX Share Buyback Consideration Feb 2021

There were 17 SGX primary-listed stocks that bought back shares in February. Like in Janaury, the two of the 17 stocks that have bought back the largest percentage of their issued shares on the current mandates are Global Investments and OUE. Global Investments’ current buyback mandate has seen it purchase 3.90% of its issued shares (excluding treasury shares), with the preceding share buyback mandate seeing Global Investments buy back 8.52% of its issued shares (excluding treasury shares). Meanwhile, as of 26 February, OUE had bought back of 2.19% its issued shares (excluding treasury shares) on the current mandate.

The table below summarises the buyback considerations in February 2021. The table is sorted by the value of the total consideration amount for the month, which combines the amount of shares or units purchased and the purchasing price of the transactions.

SGX Primary Listed Stocks
that Conducted Buybacks in Feb 2021
Number of
Shares/units Authorised
for Purchase in
Current Mandate
Total Number of
Shares/units Purchased
in Feb 2021
Total Buyback
Consideration (including
stamp duties, clearing
changes etc.)
paid or payable
for the shares
Cumulative Number of
Shares/units purchased
in Mandate to date
Percent of
Outstanding Shares
(Excl. Treasury) purchased
in Mandate to date
WILMAR INTERNATIONAL 635,459,880 5,463,000 $29,021,163 $5.312 50,431,400 0.79
KEPPEL CORPORATION 36,410,340 2,100,000 $10,703,266 $5.097 5,161,504 0.28
SINGAPORE TECHNOLOGIES ENGINEERING 62,429,441 655,000 $2,486,090 $3.796 7,405,000 0.24
SINGAPORE TELECOMMUNICATIONS 816,457,915 672,151 $1,627,824 $2.422 672,151 0.00
STARHUB 173,132,642 1,000,000 $1,261,618 $1.262 2,492,200 0.14
BOUSTEAD SINGAPORE 48,714,422 1,368,800 $1,220,613 $0.892 3,114,100 0.64
SINGAPORE EXCHANGE 107,164,240 117,400 $1,163,779 $9.913 117,400 0.01
OUE 90,061,166 759,100 $866,788 $1.142 19,708,900 2.19
SECOND CHANCE PROPERTIES 37,763,566 2,266,100 $586,108 $0.259 3,364,700 0.45
GLOBAL INVESTMENTS 161,476,125 1,700,000 $241,760 $0.142 62,978,600 3.90
ECOWISE HOLDINGS 95,648,612 4,470,600 $148,402 $0.033 6,140,400 0.64
FOOD EMPIRE HOLDINGS 53,597,249 150,000 $137,653 $0.918 3,483,600 0.65
HC SURGICAL SPECIALISTS 15,104,573 303,200 $129,427 $0.427 1,833,800 1.21
NORDIC GROUP 39,019,100 268,000 $65,342 $0.244 1,734,000 0.44
MIYOSHI 59,996,089 1,200,000 $43,208 $0.036 2,350,000 0.39
STAMFORD LAND CORPORATION 78,296,238 127,700 $42,835 $0.335 127,700 0.02
CHEUNG WOH TECHNOLOGIES 29,770,450 9,100 $1,379 $0.152 2,740,300 0.92
22,630,151 $49,747,255

Source: SGX (Data as of 26 February 2021)

Share buyback transactions involve share issuers repurchasing some of their outstanding shares from shareholders through the open market. Once the shares are bought back, they can be converted into treasury shares, which means they are no longer categorised as shares outstanding. Motivations for share buybacks can include employee compensation plans (such as share option schemes or employee share purchase plans) or long term capital management. Buybacks can pick up amidst market declines that are driven by broader moves on international macroeconomic developments.

Share buyback information can be found on the company disclosure page on the SGX website, using the Announcement category and sub-category of Share Buy Back-On Market. As best practice, companies should refrain from buying back their shares during the two weeks immediately before semi-annual financial statements and one month immediately before the full-year financial statements.

This article is provided by SGX My Gateway.

SGX My Gateway

SGX's investor education portal with market, product and investment information and events. Sign up now at to receive our investment updates and economic calendar.

This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the SGX Group Companies) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document is subject to change without notice. This document shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.

SGX Stock / REIT Search


Trust Bank Referral Code