OREANDA-NEWS. Share buybacks refer to share issuer repurchasing some of their outstanding shares from shareholders through open market transactions. Once the shares are bought back, they will be converted into treasury shares, which means they are no longer categorised as shares outstanding. Other motivations for share buybacks include companies moving to align stock valuations with balance sheet objectives.

In the month of August 2016, there were a total of 24,876,600 shares repurchased by 37 stocks, with a total consideration of S$63,944,167.54.  Buybacks in August 2016 have taken the total share buyback consideration for the 2016 year through to the end of July to S$679 million. The five stocks with the largest buyback consideration value in August were Singapore Airlines, Olam International, DBS Group Holdings, Wilmar International and SIA Engineering Company.  

Buybacks in August 2016

Name

Start Date

Mandate

Total No of Shares Purchased: August

Total Consideration: August $

Cum No of Shares Purchased to End of August

Percent*

Singapore Airlines

29/07/2016

59,307,846

3,381,500

36,138,336.72

3,481,500

0.29

Olam International

25/04/2016

138,673,164

6,458,500

12,810,225.35

35,018,500

1.26

DBS Group Holdings

28/04/2016

25,051,627

300,000

4,505,595.83

300,000

0.01

Wilmar International

28/04/2016

631,998,740

737,100

2,251,522.75

4,197,900

0.07

SIA Engineering Company

22/07/2016

22,478,084

296,900

1,132,385.90

404,500

0.04

OUE

21/04/2016

90,329,686

618,000

968,680.52

618,000

0.07

Sembcorp Industries

19/04/2016

35,748,771

350,000

952,670.54

950,000

0.05

Hi-P International

28/04/2016

81,630,276

1,433,900

593,723.13

1,599,200

0.20

Soup Restaurant Group

29/04/2016

28,299,230

2,545,800

518,922.80

2,879,400

1.02

Valuetronics Holdings

25/07/2016

37,921,335

980,400

518,587.37

980,400

0.26

Oxley Holdings

28/10/2015

147,410,998

1,150,000

468,049.38

19,889,000

0.67

OCBC

22/04/2016

205,472,961

50,000

434,073.96

6,450,000

0.16

Sembcorp Marine

18/04/2016

208,974,029

240,000

334,313.92

656,300

0.03

iFAST Corporation

08/04/2016

26,105,780

352,100

330,300.01

1,437,600

0.55

HUPsteel

27/10/2015

12,547,412

475,700

269,252.56

250,000

0.20

Straco Corporation

29/04/2016

85,917,778

269,800

205,481.13

269,800

0.03

Telechoice International

28/04/2016

45,442,191

657,600

180,717.07

1,710,000

0.38

Super Group

28/04/2016

27,862,449

220,000

168,244.12

220,000

0.02

Koh Brothers Group

26/08/2016

41,493,300

587,000

165,352.64

825,000

0.20

Ban Leong Technologies

25/07/2016

11,605,300

771,000

159,130.26

391,800

0.34

Global Palm Resources Holdings

25/04/2016

20,273,530

502,100

129,156.45

701,000

0.35

Bonvests Holdings

26/04/2016

40,216,767

98,500

119,476.43

98,500

0.03

AEM Holdings

28/04/2016

4,403,943

240,200

119,189.79

692,300

1.60

TLV Holdings

29/07/2016

56,210,600

1,000,000

105,463.97

4,400,000

0.78

Courts Asia

31/07/2015

53,734,662

156,100

62,921.11

266,400

0.05

MTQ Corporation

29/07/2016

15,437,310

130,000

56,535.42

130,000

0.08

Hwa Hong Corporation

27/04/2016

65,350,400

144,000

43,185.95

144,000

0.02

LH Group

26/04/2016

1,501,412

71,700

41,388.16

123,000

0.82

Poh Tiong Choon Logistics

29/04/2016

21,261,790

50,000

38,611.65

677,100

0.32

Asiatravel.com Holdings

29/01/2016

35,058,858

230,000

35,953.32

4,967,000

1.42

Asia Enterprises Holding

21/04/2016

34,191,748

168,000

29,108.94

168,000

0.05

EnGro Corporation

29/04/2016

11,870,250

30,200

26,249.98

30,200

0.03

Goodland Group

18/02/2016

36,104,371

46,000

11,302.27

348,800

0.10

CH Offshore

27/05/2016

70,509,051

30,000

10,661.75

30,000

0.00

Nordic Group

27/04/2016

34,387,300

20,000

4,987.70

792,100

0.20

Viking Offshore and Marine

26/04/2016

85,386,055

70,000

2,206.00

607,200

0.07

Star Pharmaceutical

27/04/2016

4,682,499

14,500

2,202.69

14,500

0.03

Total:

    

24,876,600

63,944,167.54

35,018,500