In today’s briefing:
- Stocks Pivoting to Sustainable Solutions Lead STI in 2023 YTD
- REIT Watch – Retail and institutions net buy industrial and retail S-Reits in August
- Directors Building Stakes in XMH, Green Build Tech, Union Steel, Huationg Global
Stocks Pivoting to Sustainable Solutions Lead STI in 2023 YTD
- With global focus to a lower carbon and more climate resilient future, multiple Singapore-listed stocks have continued to press ahead with pivots to sustainable energy which include solar and wind assets, or more fuel-efficient transportation solutions.
- To support the global energy transition, it aims to grow net profit contribution from its sustainable solutions portfolio to 70% by 2025.
- In 2022, Sembcorp Industries renewables capacity grew 60% to 9.8GW and Sembcorp Industries commissioned Southeast Asia’s largest energy storage system in six months.
REIT Watch – Retail and institutions net buy industrial and retail S-Reits in August
- Top 10 retail net buy Reits in August (S$M) Top 10 institution net sell Reits in August (S$M) Some of the top net buy sectors by retail investors were diversified Reits (+S$104.8 million), hospitality Reits (+S$40.6 million), and industrial Reits (+S$22.0 million).
Directors Building Stakes in XMH, Green Build Tech, Union Steel, Huationg Global
- Directors building stakes in XMH, Huationg, Green Build Tech, Union Steel OCBC led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.61 per share, followed by UOB which bought back 276,000 shares at an average price of S$28.59 per share.
- Acquisitions were filed for directors or CEOs of Green Build Technology, Union Steel Holdings, Huationg Global, XMH Holdings, SunMoon Food Company, Alset International and Darco Water Technologies.
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