In today’s briefing:
- Singapore Stocks Poised to Book Net Institutional Inflows in August
- Malaysian Recommerce Startup CompAsia Rakes in Series A Funding Led by Gobi Partners
- QAF, JEP and Sinostar PEC directors acquire more stocks over the week
- Morning Views Asia: Yanlord Land
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Singapore Stocks Poised to Book Net Institutional Inflows in August
- Singapore stocks have booked net institutional fund inflow for three consecutive weeks ending 25 August.
- With four trading sessions for the month remaining, August is poised to be the first month local stocks have booked net inflows since Nov 2022.
- Back in November 2022, UOB posted a 12.4% return and booked the highest net institutional inflow in the Singapore stock market for that month with S$306 million of net inflow.
Malaysian Recommerce Startup CompAsia Rakes in Series A Funding Led by Gobi Partners
- Malaysia’s integrated re-commerce startup CompAsia has secured an undisclosed sum in a Series A investment round led by Gobi Partners.
- This capital will help the startup expand across various touchpoints, bolstering human resources, training, and operational capabilities.
- Additionally, the funds will be instrumental in optimising the firm’s digital assets and marketing strategies, specifically focusing on penetrating new markets like the Philippines, Thailand, and Indonesia.
QAF, JEP and Sinostar PEC directors acquire more stocks over the week
- Share buybacks by primary listed companies 18 – 24 Aug 2023 UOB led the share buyback consideration tally, buying back 360,000 shares at an average price of S$27.93 per share, followed by Sembcorp Industries which bought back 1,095,000 shares at an average price of S$5.35 per share.
- Between Aug 17 and Aug 23, QAF joint group managing director and executive director Lin Kejian acquired 1,586,000 shares at an average price of S$0.80 per share.
Morning Views Asia: Yanlord Land
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.