Home » , , » Singapore Market Strategy - Institutional net selling accelerates and corporate share buyback slowing

Singapore Market Strategy - Institutional net selling accelerates and corporate share buyback slowing

Shared By Stock Fanatic on Saturday, July 14, 2018 | 14.7.18

During the week of 18 June, institutional net selling rose to S$48.5 mn from S$9.5 mn a week ago. Retail investors continued to support the market with net buying of S$260 mn, vs S$370 mn a week ago. Top institutional net buy stocks are DBS, UOB, CMT, GGR and CDL, and top institutional net sell stocks are ST, CAPL, OCBC, STH and SPOST. Read More

Total short selling of S$960 mn during the week of 18 June represents 16% of turnover, flat from May 2018. Stocks that saw an increase in short selling are CDL, THBEV, HKL, JCNC and ST.

Corporate share buybacks amounted to S$31.5 mn in the week of 18 June, lower than the S$48 mn a week ago. Companies active with share buybacks include UOB, KEP, OCBC, SATS, VMS and YZJ. In particular, Keppel's share buyback rose to 1.6mn shares.

Our model portfolio is overweight defensive laggards, and our preferred names are CD and STE. With rising macro uncertainty, stocks with self-help angle are Keppel (capital recycling to drive upside to returns and dividends) and UOL (potential delisting of UIC).

Source : Credit Suisse Asia Pacific Equity Research
(Read Report) (Kindly make a donation first to unlock this report and more password locked reports, deeply appreciated. Email stockfanaticsmartinvestor@gmail.com for password.)

“If you like what we have delivered to you, kindly make a small contribution.”
“Your donations will help fund the continued development and growth of our projects.”

Posted on Saturday, July 14, 2018 | 14.7.18
With No comments

Join Me On: Facebook | Twitter | Google Plus ::: Thank you for visiting ! :::
Some of the photos shown in this blog are randomly sourced from the Public Domain. If there is an infringement in the copyright of the photos; kindly inform us and it will be removed immediately. Thank you for your kind understanding.
Share this article :

Post a Comment

Modified by : Stockfanatic
Copyright © 2008 - 2018. Singapore Stock Market News - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger
Related Posts with Thumbnails