Weekly | OU8, 1MZ, F17, 53W, G3B & NS8U lead Buybacks

SGX_Stars
10-13

Over the five sessions through 8 October, more than 100 filings relating to directors’ interests and substantial shareholdings were made across more than 40 primary-listed stocks. Directors or CEOs reported 32 acquisitions and six disposals, while substantial shareholders recorded 22 acquisitions and two disposals.

In addition, the five sessions saw 32 primary-listed companies conduct buybacks with a total consideration of S$71.5 million, led by United Overseas Bank, Keppel and Singapore Exchange. Geo Energy Resources bought back 6.0 million shares on 5 October in its largest-ever single-day buyback, exceeding the 5.8 million shares it had repurchased during the rest of 2026 combined.

1. $Centurion(OU8.SI)$

Centurion Directors Continue Accumulating Shares

Between 1 October and 7 October, David Loh Kim Kang and Han Seng Juan, Executive Directors of Centurion Corporation, acquired an aggregate 1,077,500 shares on-market for approximately S$1.49 million. Loh acquired 570,000 shares for S$791,200, increasing his total interest to 48.32% from 48.25% previously, while Han acquired 507,500 shares for S$698,175, increasing his total interest to 44.42% from 44.36%. 

2. $NamCheong(1MZ.SI)$

Nam Cheong Executive Chairman Further Increases Deemed Interest

On 1 and 2 October, Tan Sri Datuk Tiong Su Kouk, Executive Chairman of Nam Cheong, acquired a deemed interest in an aggregate 600,000 shares through on-market transactions for S$577,500, at an average price of S$0.963 per share. The acquisitions increased his deemed interest to 6.96% from 6.81% previously, while his total interest increased to 24.24% from 24.09 %. His direct interest remained unchanged at 17.27%. 

3. $GuocoLand(F17.SI)$

GuocoLand Chairman Increases Deemed Interest

On 5 and 6 October, Quek Leng Chan, Chairman and Non-Independent Non-Executive Director of GuocoLand, acquired a deemed interest in an aggregate 120,300 shares through open-market purchases by GuoLine Group Management Company. The shares were acquired for S$268,269, or S$2.23 per share. The purchases increased his deemed interest to 71.87% from 71.86%.

4. $Attika Group(53W.SI)$

Attika Executive Chairman Raises Deemed Interest 

Between 2 October and 5 October, Steven Tan, Executive Chairman and Managing Director of Attika Group, acquired an aggregate 227,500 shares on-market for S$48,778, at an average price of approximately S$0.214 per share. The acquisitions increased his deemed interest to 74.6% from 74.5% previously.

5. $Amova STI ETF S$D(G3B.SI)$

Amova Crosses 6 Per Cent UMS Stake

On 2 October, Amova Asset Management increased its deemed interest in UMS Integration to 6.01% from 5.79% following the acquisition of 2.03 million shares through a market transaction for S$5.81 million. The acquisition increased its deemed interest to 53.46 million shares from 51.43 million shares previously. Sumitomo Mitsui Trust Group, which has a controlling interest in Amova Asset Management, reported the same deemed interest. 

6. $HPH Trust USD(NS8U.SI)$

BlackRock Becomes Substantial Unitholder of Hutchison Port Holdings Trust

On 30 September, BlackRock acquired a deemed interest in a further 574,800 units of Hutchison Port Holdings Trust through a market transaction for US$123,582, or approximately US$0.215 per unit. The acquisition increased its deemed interest to 5.00% from 4.99% previously, resulting in BlackRock becoming a substantial unitholder.


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Comments

  • 苏36
    10-13
    苏36
    Singapore’s market shows an interesting pattern: insiders are buying while companies return capital to shareholders. Across five sessions through 8 October, 32 companies repurchased S$71.5 million worth of shares, while directors reported 32 acquisitions.

    Centurion stands out, with two executive directors purchasing 1.08 million shares worth approximately S$1.49 million. Nam Cheong and GuocoLand also saw insider accumulation. Meanwhile, BlackRock’s stake in Hutchison Port Holdings Trust reached the 5% substantial unitholder threshold.

    However, insider buying is a signal, not a guarantee. Purchases do not automatically mean shares are undervalued. Buybacks can support earnings per share, but effectiveness depends on valuation and financial strength.

    My takeaway: Watch insider purchases, earnings growth, and valuations. The opportunity lies not in following insiders blindly, but in understanding why they buy.

    @SGX_Stars [财迷]

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