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Institutional Insights
Over the five trading sessions from Dec 6 to 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$104 million, reversing a quarter of the S$418 million net inflow over the preceding five sessions.
Stocks that led the net institutional outflow over the five sessions through to Dec 12 were DBS, CapitaLand Investment, Sats, Singapore Exchange, Mapletree Industrial Trust, CapitaLand Integrated Commercial Trust, Genting Singapore, CapitaLand Ascendas Reit, Singtel and Mapletree Pan Asia Commercial Trust.
Meanwhile, OCBC, UOB, Yangzijiang Shipbuilding Holdings, Keppel, Sembcorp Industries, Singapore Airlines, Keppel DC Reit, Suntec Reit, Seatrium and Mapletree Logistics Trust led the net institutional inflow.
From a sector perspective, real estate investment trusts and financial services booked the most net institutional outflow during the five sessions, while industrials and utilities booked the most net institutional inflow.
Company Insights
Tuan Sing Holdings
Tuan Sing Holdings executive director and CEO William Liem and his sister, non-executive and non-independent director Michelle Liem, increased their deemed interest between Dec 5 and 11.
The acquisition of 4,137,300 shares was transacted at an average price of S$0.263 per share, which also saw Nuri Holdings increasing its substantial shareholding of Tuan Sing to above 54 per cent. Both William Liem and Michelle Liem together hold 100 per cent of the issued shares of Nuri Holdings.
The group’s property segment focuses on developing properties for sale and investment in Singapore, Australia, Indonesia and China. It has established a strong reputation in the real estate industry as a developer of high-end residential projects in prime locations.
ABR Holdings
On Dec 6, ABR Holdings managing director Ang Yee Lim acquired 114,000 shares at S$0.41 per share. This increased his direct interest in the home-grown restaurant operator from 53.59 per cent to 53.65 per cent.
NetLink NBN Trust
On Dec 6, NetLink NBN Management’s executive director and CEO Tong Yew Heng acquired 250,000 units of NetLink NBN Trust at S$0.855 per unit. This increased his direct interest in the business trust from 0.027 per cent to 0.033 per cent.
Wing Tai Holdings
Wing Tai Holdings chairman and managing director Cheng Wai Keung has increased his deemed interest in the company through shares acquired by his spouse, Helen Chow. On Dec 6, Cheng’s deemed interest in the leading real estate developer and lifestyle retailer rose by 100,000 shares, from 61.63 per cent to 61.64 per cent.
LMS Compliance
Between Dec 9 and 10, LMS Compliance’s executive director and CEO, Ooi Shu Geok, and executive director and chief development officer, Chong Moi Me, increased their total interest in the Catalist-listed company from 83.83 per cent to 84.01 per cent. The 185,000 shares were acquired at an average price of S$0.352 per share.
Niks Professional
On Dec 5, Niks Professional president and chief medical officer Ong Fung Chin acquired 100,000 shares at an average price of S$0.132 per share. This increased her total interest in the dermatology and aesthetic medical services provider from 81.9 per cent to 82 per cent.
Conclusion
In conclusion, the past week has seen a number of significant corporate actions and share transactions involving various Singapore-listed companies. These developments have resulted in changes to the ownership structures and interests of the companies, which may have implications for their future prospects and performance.
FAQs
Q: What were the notable corporate actions and share transactions that took place in the past week?
A: The notable corporate actions and share transactions included the acquisition of shares by institutional investors, the exercise of stock options by executives, and the increase in the deemed interest of key shareholders.
Q: What are the implications of these corporate actions and share transactions for the companies involved?
A: The changes in ownership structures and interests may have implications
