Daily BriefsSingapore

Daily Brief Singapore: DR , City Developments and more

In today’s briefing:

  • 10 in 10 – All about Singapore Depository Receipts (SDRs)
  • Singapore Primary-listed Companies Bought Back S$230M in Shares in 1Q24


10 in 10 – All about Singapore Depository Receipts (SDRs)

By Geoff Howie

10 in 10 – All about Singapore Depository Receipts (SDRs)

Singapore Primary-listed Companies Bought Back S$230M in Shares in 1Q24

By Geoff Howie

  • In 1Q24, 50 SGX primary-listed companies bought back shares by way of market acquisitions with a combined consideration of ~S$230 million.
  • CapitaLand Investment bought back 31.2 million shares at an average price of S$2.96 in 1Q24 and City Developments bought back 6.7 million shares at an average price of S$5.91 per share.
  • The 1Q24 buyback activity compared to 41 primary-listed companies conducting S$111 million in buyback consideration in 1Q23.

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