SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Actively traded high-turnover stocks in 2023 YTD This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered double-digit percentage growth in daily trading turnover from their respective 2022 levels.</li><li>This saw the stock rank among the 85 most traded stocks so far this year, after ranking just outside the 170 most traded stocks in 2022.</li></ul>

Actively traded high-turnover stocks in 2023 YTD This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered double-digit percentage growth in daily trading turnover from their respective 2022 levels.This saw the stock rank among the 85 most traded stocks so far this year, after ranking just outside the 170 most traded stocks in 2022.

Vibrant activity among top traded stocks on SGX

<ul><li>For 1H23, the STI booked a 2% total return, in-line with the FTSE ASEAN Extended 60 Index’s 1.0% total return with combined STI ETF AUM declining 4% to S$2.145 billion.</li><li>Outside of the STI, actively traded stocks that booked the highest total returns in 1H23 included Dyna-Mac, Tianjin Pharmaceutical Da Ren Tang Group, Delfi, Food Empire Holdings, PropNex, Marco Polo Marine & Samudera Shipping Line.</li><li>However, outlier performances within the Singapore stock market, saw the average total return of the 100 most traded stocks in 1H23 at 3.2% versus the median total return of 0.5%.</li></ul>

For 1H23, the STI booked a 2% total return, in-line with the FTSE ASEAN Extended 60 Index’s 1.0% total return with combined STI ETF AUM declining 4% to S$2.145 billion.Outside of the STI, actively traded stocks that booked the highest total returns in 1H23 included Dyna-Mac, Tianjin Pharmaceutical Da Ren Tang Group, Delfi, Food Empire Holdings, PropNex, Marco Polo Marine & Samudera Shipping Line.However, outlier performances within the Singapore stock market, saw the average total return of the 100 most traded stocks in 1H23 at 3.2% versus the median total return of 0.5%.

STI Books 1.2% Total Return in 1H23 as Global Growth Decelerates

<ul><li>The first six weeks of 3Q22 has seen the technology sector lead the global stock market, after ranking as the laggard sector in both 1Q22 and 2Q22.</li><li>Global technology stocks, in addition to e-commerce retailers make up approximately 25% of the FTSE Developed Index, with the slump in these industries in 1Q22 and 2Q22 driving the decline of the broader Developed economy benchmark through the end of June.</li><li>Together the seven stocks averaged 9% total returns over the six weeks, reducing their average decline in total return to 12%.</li></ul>

The first six weeks of 3Q22 has seen the technology sector lead the global stock market, after ranking as the laggard sector in both 1Q22 and 2Q22.Global technology stocks, in addition to e-commerce retailers make up approximately 25% of the FTSE Developed Index, with the slump in these industries in 1Q22 and 2Q22 driving the decline of the broader Developed economy benchmark through the end of June.Together the seven stocks averaged 9% total returns over the six weeks, reducing their average decline in total return to 12%.

Tech Sector Leads Global Stocks in 3Q22-to-date, AEM Beats & Raises

Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/frasers-property-ltd" target="_blank" data-smartkarma-citation="entities:1670" rel="noopener">Frasers Property Ltd (FPL SP)</a> to privatize Frasers Hospitality Trust (FHT SP) with S$0.700/unit cash offer</li>
<li>
<a href="https://www.smartkarma.com/entities/frasers-logistics-commercial-trust" target="_blank" data-smartkarma-citation="entities:22748" rel="noopener">Frasers Logistics &amp; Commercial Trust (FLT SP)</a> acquires 3 freehold L&amp;I properties in Australia for A$61m</li>
<li>
<a href="https://www.smartkarma.com/entities/lhn-ltd" target="_blank" data-smartkarma-citation="entities:27234" rel="noopener">LHN Ltd (LHN SP)</a> proposed a special dividend of ~S$0.15c/share</li>
</ul>



Frasers Property Ltd (FPL SP) to privatize Frasers Hospitality Trust (FHT SP) with S$0.700/unit cash offer

Frasers Logistics &amp; Commercial Trust (FLT SP) acquires 3 freehold L&amp;I properties in Australia for A$61m

LHN Ltd (LHN SP) proposed a special dividend of ~S$0.15c/share


ASEAN Builder's Scoop (13Jun22) - FHT Cash Privatisation Offer at S$0.700/Unit

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">
<html><body>
<table class="table table-striped"><tbody>
<tr>
<td>
			Primary-listed Stocks that Conducted Buybacks in Dec 2021
			</td>
			<td>
			Number of Shares/units Authorised for Purchase in Current Mandate
			</td>
			<td>
			Total Number of Shares/Units Purchased in Dec 2021
			</td>
			<td>
			Total Buyback Consideration (including stamp duties, clearing changes etc.) paid or payable for the shares
			</td>
			<td>
			Average Price Paid
			</td>
			<td>
			Cumulative Number of Shares/units purchased in Mandate to date
			</td>
			<td>
			Pct of Outstanding Shares (Excl. Treas) purchased in Mandate to date
			</td>
		</tr>
<tr>
<td>
			CAPITALAND INVESTMENT
			</td>
			<td>
			260,159,789
			</td>
			<td>
			33,596,500
			</td>
			<td>
			$112,710,385
			</td>
			<td>
			$3.35
			</td>
			<td>
			61,995,700
			</td>
			<td>
			1.21
			</td>
		</tr>
<tr>
<td>
			OVERSEA-CHINESE BANKING CORPORATION
			</td>
			<td>
			223,511,333
			</td>
			<td>
			2,600,000
			</td>
			<td>
			$29,525,209
			</td>
			<td>
			$11.36
			</td>
			<td>
			27,680,100
			</td>
			<td>
			0.62
			</td>
		</tr>
<tr>
<td>
			UNITED OVERSEAS BANK
			</td>
			<td>
			83,744,151
			</td>
			<td>
			577,500
			</td>
			<td>
			$15,334,868
			</td>
			<td>
			$26.55
			</td>
			<td>
			4,900,000
			</td>
			<td>
			0.29
			</td>
		</tr>
<tr>
<td>
			WILMAR INTERNATIONAL
			</td>
			<td>
			631,140,890
			</td>
			<td>
			3,380,900
			</td>
			<td>
			$13,859,911
			</td>
			<td>
			$4.10
			</td>
			<td>
			19,905,300
			</td>
			<td>
			0.32
			</td>
		</tr>
<tr>
<td>
			YANGZIJIANG SHIPBUILDING (HOLDINGS)
			</td>
			<td>
			394,851,600
			</td>
			<td>
			8,339,500
			</td>
			<td>
			$10,801,230
			</td>
			<td>
			$1.30
			</td>
			<td>
			25,101,500
			</td>
			<td>
			0.64
			</td>
		</tr>
<tr>
<td>
			SEMBCORP INDUSTRIES
			</td>
			<td>
			35,714,993
			</td>
			<td>
			2,915,000
			</td>
			<td>
			$5,775,593
			</td>
			<td>
			$1.98
			</td>
			<td>
			6,780,700
			</td>
			<td>
			0.38
			</td>
		</tr>
<tr>
<td>
			SINGAPORE TECHNOLOGIES ENGINEERING
			</td>
			<td>
			62,409,095
			</td>
			<td>
			1,000,000
			</td>
			<td>
			$3,728,481
			</td>
			<td>
			$3.73
			</td>
			<td>
			7,300,000
			</td>
			<td>
			0.23
			</td>
		</tr>
<tr>
<td>
			SINGAPORE EXCHANGE
			</td>
			<td>
			107,164,240
			</td>
			<td>
			399,200
			</td>
			<td>
			$3,680,309
			</td>
			<td>
			$9.22
			</td>
			<td>
			2,145,400
			</td>
			<td>
			0.20
			</td>
		</tr>
<tr>
<td>
			RAFFLES MEDICAL GROUP
			</td>
			<td>
			186,740,892
			</td>
			<td>
			2,436,900
			</td>
			<td>
			$3,229,944
			</td>
			<td>
			$1.33
			</td>
			<td>
			2,436,900
			</td>
			<td>
			0.13
			</td>
		</tr>
<tr>
<td>
			THE HOUR GLASS
			</td>
			<td>
			69,664,318
			</td>
			<td>
			1,482,200
			</td>
			<td>
			$2,966,836
			</td>
			<td>
			$2.00
			</td>
			<td>
			10,810,500
			</td>
			<td>
			1.55
			</td>
		</tr>
<tr>
<td>
			GEO ENERGY RESOURCES
			</td>
			<td>
			139,927,311
			</td>
			<td>
			8,900,000
			</td>
			<td>
			$2,938,896
			</td>
			<td>
			$0.33
			</td>
			<td>
			8,900,000
			</td>
			<td>
			0.64
			</td>
		</tr>
<tr>
<td>
			WING TAI HOLDINGS
			</td>
			<td>
			77,054,716
			</td>
			<td>
			1,230,900
			</td>
			<td>
			$2,285,592
			</td>
			<td>
			$1.86
			</td>
			<td>
			6,700,100
			</td>
			<td>
			0.87
			</td>
		</tr>
<tr>
<td>
			JAPFA
			</td>
			<td>
			204,707,032
			</td>
			<td>
			2,089,200
			</td>
			<td>
			$1,302,595
			</td>
			<td>
			$0.62
			</td>
			<td>
			6,269,800
			</td>
			<td>
			0.31
			</td>
		</tr>
<tr>
<td>
			OUE
			</td>
			<td>
			87,879,966
			</td>
			<td>
			886,300
			</td>
			<td>
			$1,181,616
			</td>
			<td>
			$1.33
			</td>
			<td>
			6,768,900
			</td>
			<td>
			0.77
			</td>
		</tr>
<tr>
<td>
			SINGAPORE SHIPPING CORPORATION
			</td>
			<td>
			39,889,089
			</td>
			<td>
			3,416,700
			</td>
			<td>
			$973,138
			</td>
			<td>
			$0.28
			</td>
			<td>
			5,506,800
			</td>
			<td>
			1.38
			</td>
		</tr>
<tr>
<td>
			STARHUB
			</td>
			<td>
			173,110,176
			</td>
			<td>
			600,000
			</td>
			<td>
			$816,553
			</td>
			<td>
			$1.36
			</td>
			<td>
			1,253,000
			</td>
			<td>
			0.07
			</td>
		</tr>
<tr>
<td>
			PAN-UNITED CORPORATION
			</td>
			<td>
			69,857,582
			</td>
			<td>
			2,188,100
			</td>
			<td>
			$704,590
			</td>
			<td>
			$0.32
			</td>
			<td>
			2,188,100
			</td>
			<td>
			0.31
			</td>
		</tr>
<tr>
<td>
			COMFORTDELGRO CORPORATION
			</td>
			<td>
			216,731,916
			</td>
			<td>
			462,500
			</td>
			<td>
			$645,277
			</td>
			<td>
			$1.40
			</td>
			<td>
			462,500
			</td>
			<td>
			0.02
			</td>
		</tr>
<tr>
<td>
			AEM HOLDINGS
			</td>
			<td>
			28,088,477
			</td>
			<td>
			115,000
			</td>
			<td>
			$582,242
			</td>
			<td>
			$5.06
			</td>
			<td>
			1,208,000
			</td>
			<td>
			0.39
			</td>
		</tr>
<tr>
<td>
			AZTECH GLOBAL
			</td>
			<td>
			77,382,554
			</td>
			<td>
			552,600
			</td>
			<td>
			$488,472
			</td>
			<td>
			$0.88
			</td>
			<td>
			1,872,600
			</td>
			<td>
			0.24
			</td>
		</tr>
<tr>
<td>
			SHS HOLDINGS
			</td>
			<td>
			68,509,831
			</td>
			<td>
			2,461,000
			</td>
			<td>
			$383,129
			</td>
			<td>
			$0.16
			</td>
			<td>
			2,461,000
			</td>
			<td>
			0.36
			</td>
		</tr>
<tr>
<td>
			G.H.Y CULTURE &amp; MEDIA HOLDING CO
			</td>
			<td>
			107,379,200
			</td>
			<td>
			672,100
			</td>
			<td>
			$366,822
			</td>
			<td>
			$0.55
			</td>
			<td>
			672,100
			</td>
			<td>
			0.06
			</td>
		</tr>
<tr>
<td>
			HG METAL MANUFACTURING
			</td>
			<td>
			3,822,532
			</td>
			<td>
			885,400
			</td>
			<td>
			$339,500
			</td>
			<td>
			$0.38
			</td>
			<td>
			1,123,400
			</td>
			<td>
			0.88
			</td>
		</tr>
<tr>
<td>
			GLOBAL INVESTMENTS
			</td>
			<td>
			159,744,243
			</td>
			<td>
			2,002,600
			</td>
			<td>
			$312,126
			</td>
			<td>
			$0.16
			</td>
			<td>
			54,125,500
			</td>
			<td>
			3.39
			</td>
		</tr>
<tr>
<td>
			HOTUNG INVESTMENT HLDGS
			</td>
			<td>
			9,595,108
			</td>
			<td>
			124,100
			</td>
			<td>
			$267,678
			</td>
			<td>
			$2.16
			</td>
			<td>
			777,600
			</td>
			<td>
			0.81
			</td>
		</tr>
<tr>
<td>
			CSC HOLDINGS
			</td>
			<td>
			356,782,817
			</td>
			<td>
			17,400,000
			</td>
			<td>
			$244,377
			</td>
			<td>
			$0.01
			</td>
			<td>
			24,400,000
			</td>
			<td>
			0.68
			</td>
		</tr>
<tr>
<td>
			FOOD EMPIRE HOLDINGS
			</td>
			<td>
			53,774,969
			</td>
			<td>
			277,600
			</td>
			<td>
			$217,572
			</td>
			<td>
			$0.78
			</td>
			<td>
			2,781,100
			</td>
			<td>
			0.52
			</td>
		</tr>
<tr>
<td>
			BOUSTEAD SINGAPORE
			</td>
			<td>
			48,403,012
			</td>
			<td>
			155,000
			</td>
			<td>
			$150,656
			</td>
			<td>
			$0.97
			</td>
			<td>
			1,179,200
			</td>
			<td>
			0.24
			</td>
		</tr>
<tr>
<td>
			BROADWAY INDUSTRIAL GROUP
			</td>
			<td>
			46,822,156
			</td>
			<td>
			551,600
			</td>
			<td>
			$121,729
			</td>
			<td>
			$0.22
			</td>
			<td>
			10,000,000
			</td>
			<td>
			2.14
			</td>
		</tr>
<tr>
<td>
			ANCHUN INTERNATIONAL HOLDINGS
			</td>
			<td>
			4,819,090
			</td>
			<td>
			450,000
			</td>
			<td>
			$120,030
			</td>
			<td>
			$0.27
			</td>
			<td>
			500,000
			</td>
			<td>
			1.04
			</td>
		</tr>
<tr>
<td>
			SARINE TECHNOLOGIES
			</td>
			<td>
			17,491,596
			</td>
			<td>
			200,000
			</td>
			<td>
			$117,999
			</td>
			<td>
			$0.59
			</td>
			<td>
			550,000
			</td>
			<td>
			0.15
			</td>
		</tr>
<tr>
<td>
			G. K. GOH HOLDINGS
			</td>
			<td>
			32,481,013
			</td>
			<td>
			98,400
			</td>
			<td>
			$110,626
			</td>
			<td>
			$1.12
			</td>
			<td>
			2,765,800
			</td>
			<td>
			0.85
			</td>
		</tr>
<tr>
<td>
			SOUTHERN ALLIANCE MINING 
			</td>
			<td>
			48,900,000
			</td>
			<td>
			47,000
			</td>
			<td>
			$34,637
			</td>
			<td>
			$0.74
			</td>
			<td>
			211,000
			</td>
			<td>
			0.04
			</td>
		</tr>
<tr>
<td>
			ST GROUP FOOD INDUSTRIES HOLDINGS
			</td>
			<td>
			24,290,050
			</td>
			<td>
			120,000
			</td>
			<td>
			$17,459
			</td>
			<td>
			$0.15
			</td>
			<td>
			120,000
			</td>
			<td>
			0.05
			</td>
		</tr>
<tr>
<td>
			CNMC GOLDMINE HOLDINGS
			</td>
			<td>
			40,769,300
			</td>
			<td>
			80,000
			</td>
			<td>
			$16,350
			</td>
			<td>
			$0.20
			</td>
			<td>
			2,403,900
			</td>
			<td>
			0.59
			</td>
		</tr>
<tr>
<td>
			TUAN SING HOLDINGS
			</td>
			<td>
			118,736,488
			</td>
			<td>
			34,000
			</td>
			<td>
			$15,744
			</td>
			<td>
			$0.46
			</td>
			<td>
			480,000
			</td>
			<td>
			0.04
			</td>
		</tr>
<tr>
<td>
			Total
			</td>
			<td>
			 
			</td>
			<td>
			102,727,800
			</td>
			<td>
			$216,368,172
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
</tbody></table>
 Source: SGX, Refinitiv, Bloomberg (Data as of 31 Dec 2021)
</body></html>






			Primary-listed Stocks that Conducted Buybacks in Dec 2021
			
			
			Number of Shares/units Authorised for Purchase in Current Mandate
			
			
			Total Number of Shares/Units Purchased in Dec 2021
			
			
			Total Buyback Consideration (including stamp duties, clearing changes etc.) paid or payable for the shares
			
			
			Average Price Paid
			
			
			Cumulative Number of Shares/units purchased in Mandate to date
			
			
			Pct of Outstanding Shares (Excl. Treas) purchased in Mandate to date
			
		


			CAPITALAND INVESTMENT
			
			
			260,159,789
			
			
			33,596,500
			
			
			$112,710,385
			
			
			$3.35
			
			
			61,995,700
			
			
			1.21
			
		


			OVERSEA-CHINESE BANKING CORPORATION
			
			
			223,511,333
			
			
			2,600,000
			
			
			$29,525,209
			
			
			$11.36
			
			
			27,680,100
			
			
			0.62
			
		


			UNITED OVERSEAS BANK
			
			
			83,744,151
			
			
			577,500
			
			
			$15,334,868
			
			
			$26.55
			
			
			4,900,000
			
			
			0.29
			
		


			WILMAR INTERNATIONAL
			
			
			631,140,890
			
			
			3,380,900
			
			
			$13,859,911
			
			
			$4.10
			
			
			19,905,300
			
			
			0.32
			
		


			YANGZIJIANG SHIPBUILDING (HOLDINGS)
			
			
			394,851,600
			
			
			8,339,500
			
			
			$10,801,230
			
			
			$1.30
			
			
			25,101,500
			
			
			0.64
			
		


			SEMBCORP INDUSTRIES
			
			
			35,714,993
			
			
			2,915,000
			
			
			$5,775,593
			
			
			$1.98
			
			
			6,780,700
			
			
			0.38
			
		


			SINGAPORE TECHNOLOGIES ENGINEERING
			
			
			62,409,095
			
			
			1,000,000
			
			
			$3,728,481
			
			
			$3.73
			
			
			7,300,000
			
			
			0.23
			
		


			SINGAPORE EXCHANGE
			
			
			107,164,240
			
			
			399,200
			
			
			$3,680,309
			
			
			$9.22
			
			
			2,145,400
			
			
			0.20
			
		


			RAFFLES MEDICAL GROUP
			
			
			186,740,892
			
			
			2,436,900
			
			
			$3,229,944
			
			
			$1.33
			
			
			2,436,900
			
			
			0.13
			
		


			THE HOUR GLASS
			
			
			69,664,318
			
			
			1,482,200
			
			
			$2,966,836
			
			
			$2.00
			
			
			10,810,500
			
			
			1.55
			
		


			GEO ENERGY RESOURCES
			
			
			139,927,311
			
			
			8,900,000
			
			
			$2,938,896
			
			
			$0.33
			
			
			8,900,000
			
			
			0.64
			
		


			WING TAI HOLDINGS
			
			
			77,054,716
			
			
			1,230,900
			
			
			$2,285,592
			
			
			$1.86
			
			
			6,700,100
			
			
			0.87
			
		


			JAPFA
			
			
			204,707,032
			
			
			2,089,200
			
			
			$1,302,595
			
			
			$0.62
			
			
			6,269,800
			
			
			0.31
			
		


			OUE
			
			
			87,879,966
			
			
			886,300
			
			
			$1,181,616
			
			
			$1.33
			
			
			6,768,900
			
			
			0.77
			
		


			SINGAPORE SHIPPING CORPORATION
			
			
			39,889,089
			
			
			3,416,700
			
			
			$973,138
			
			
			$0.28
			
			
			5,506,800
			
			
			1.38
			
		


			STARHUB
			
			
			173,110,176
			
			
			600,000
			
			
			$816,553
			
			
			$1.36
			
			
			1,253,000
			
			
			0.07
			
		


			PAN-UNITED CORPORATION
			
			
			69,857,582
			
			
			2,188,100
			
			
			$704,590
			
			
			$0.32
			
			
			2,188,100
			
			
			0.31
			
		


			COMFORTDELGRO CORPORATION
			
			
			216,731,916
			
			
			462,500
			
			
			$645,277
			
			
			$1.40
			
			
			462,500
			
			
			0.02
			
		


			AEM HOLDINGS
			
			
			28,088,477
			
			
			115,000
			
			
			$582,242
			
			
			$5.06
			
			
			1,208,000
			
			
			0.39
			
		


			AZTECH GLOBAL
			
			
			77,382,554
			
			
			552,600
			
			
			$488,472
			
			
			$0.88
			
			
			1,872,600
			
			
			0.24
			
		


			SHS HOLDINGS
			
			
			68,509,831
			
			
			2,461,000
			
			
			$383,129
			
			
			$0.16
			
			
			2,461,000
			
			
			0.36
			
		


			G.H.Y CULTURE &amp; MEDIA HOLDING CO
			
			
			107,379,200
			
			
			672,100
			
			
			$366,822
			
			
			$0.55
			
			
			672,100
			
			
			0.06
			
		


			HG METAL MANUFACTURING
			
			
			3,822,532
			
			
			885,400
			
			
			$339,500
			
			
			$0.38
			
			
			1,123,400
			
			
			0.88
			
		


			GLOBAL INVESTMENTS
			
			
			159,744,243
			
			
			2,002,600
			
			
			$312,126
			
			
			$0.16
			
			
			54,125,500
			
			
			3.39
			
		


			HOTUNG INVESTMENT HLDGS
			
			
			9,595,108
			
			
			124,100
			
			
			$267,678
			
			
			$2.16
			
			
			777,600
			
			
			0.81
			
		


			CSC HOLDINGS
			
			
			356,782,817
			
			
			17,400,000
			
			
			$244,377
			
			
			$0.01
			
			
			24,400,000
			
			
			0.68
			
		


			FOOD EMPIRE HOLDINGS
			
			
			53,774,969
			
			
			277,600
			
			
			$217,572
			
			
			$0.78
			
			
			2,781,100
			
			
			0.52
			
		


			BOUSTEAD SINGAPORE
			
			
			48,403,012
			
			
			155,000
			
			
			$150,656
			
			
			$0.97
			
			
			1,179,200
			
			
			0.24
			
		


			BROADWAY INDUSTRIAL GROUP
			
			
			46,822,156
			
			
			551,600
			
			
			$121,729
			
			
			$0.22
			
			
			10,000,000
			
			
			2.14
			
		


			ANCHUN INTERNATIONAL HOLDINGS
			
			
			4,819,090
			
			
			450,000
			
			
			$120,030
			
			
			$0.27
			
			
			500,000
			
			
			1.04
			
		


			SARINE TECHNOLOGIES
			
			
			17,491,596
			
			
			200,000
			
			
			$117,999
			
			
			$0.59
			
			
			550,000
			
			
			0.15
			
		


			G. K. GOH HOLDINGS
			
			
			32,481,013
			
			
			98,400
			
			
			$110,626
			
			
			$1.12
			
			
			2,765,800
			
			
			0.85
			
		


			SOUTHERN ALLIANCE MINING 
			
			
			48,900,000
			
			
			47,000
			
			
			$34,637
			
			
			$0.74
			
			
			211,000
			
			
			0.04
			
		


			ST GROUP FOOD INDUSTRIES HOLDINGS
			
			
			24,290,050
			
			
			120,000
			
			
			$17,459
			
			
			$0.15
			
			
			120,000
			
			
			0.05
			
		


			CNMC GOLDMINE HOLDINGS
			
			
			40,769,300
			
			
			80,000
			
			
			$16,350
			
			
			$0.20
			
			
			2,403,900
			
			
			0.59
			
		


			TUAN SING HOLDINGS
			
			
			118,736,488
			
			
			34,000
			
			
			$15,744
			
			
			$0.46
			
			
			480,000
			
			
			0.04
			
		


			Total
			
			
			 
			
			
			102,727,800
			
			
			$216,368,172
			
			
			 
			
			
			 
			
			
			 
			
		

 Source: SGX, Refinitiv, Bloomberg (Data as of 31 Dec 2021)



Primary-Listed Buyback Consideration Tops S$1bn in 2021

Singapore

Food Empire Holdings Limited manufactures and markets instant beverage products, frozen convenience food, confectionery and snack food. The Company exports its products to markets such as Russia, Eastern Europe, Central Asia, the Middle East and Indochina.

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Food Empire Holdings (FEH SP)

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Primary-Listed Buyback Consideration Tops S$1bn in 2021

Source: SGX, Refinitiv, Bloomberg (Data as of 31 Dec 2021)

Singapore Exchange Ltd (SGX)

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