Between Jan 12 and 17, A-Sonic Aerospace : BTJ 0% CEO Janet LC Tan acquired 69,000 shares for a consideration of S$28,492 at an average price of S$0.413 per share. This took her direct interest in the company from 61.92 per cent to 62.01 per cent. Tan has gradually increased her total interest in A-Sonic Aerospace from 53.35 per cent at the end of 2018.

 

A-Sonic Aerospace and its subsidiaries operate in the aviation and logistics sectors. In the aviation business, it engages in the purchase and sale of aircraft and aircraft engines.

 

For the logistics business, the group provides supply chain management services and logistic solutions, including international and domestic multi-modal transportation,warehousing, distribution, customs clearance, and airport ground services.

Between Mar 10 and Mar 15, A-Sonic Aerospace : BTJ -3% CEO Janet LC Tan acquired 31,300 shares for a consideration of S$16,456 at an average price of S$0.526 per share.

 

This took her direct interest in the company from 61.46 per cent to 61.48 per cent. Tan has gradually increased her total interest in A-Sonic Aerospace from 53.35 per cent at the end of 2018.

 

With over 20 years of extensive experience in the aviation industry, Tan is also the promoter founder of A-Sonic Aerospace.

Between Jan 12 and 26, A-Sonic Aerospace : BTJ 0% CEO Janet LC Tan acquired 63,000 shares for a consideration of S$45,941 at an average price of S$0.73 per share.

 

This took her direct interest in the company from 61.07 per cent to 61.14 per cent. Tan has gradually increased her total interest in A-Sonic Aerospace from 53.35 per cent at the end of 2018.

 

With more than 20 years of extensive experience in the aviation industry, she is also the promoter founder of the company.

FOR the three trading sessions that spanned Jan 20 to 26, the Straits Times Index (STI) gained 3.1 per cent. Institutions were net sellers of Singapore stocks with S$157 million of net outflow.

 

Large caps OCBC : O39 +0.46%, DBS : D05 +0.76%, UOB : U11 +0.2%, Singapore Telecommunications : Z74 +0.79% and Wilmar International : F34 -0.73% led the net institutional outflow for the three sessions.

 

Meanwhile, Mapletree Logistics Trust, : M44U +1.16% Singapore Technologies Engineering : S63 +0.81%, CapitaLand Integrated Commercial Trus : C38U +0.47%t, SATS : S58 -1.3% and UMS Holdings : 558 -1.49% led the net institutional inflow for the three sessions.

 

This followed Mapletree Logistics Trust reporting after the close of Jan 19 that its gross revenue for Q3 FY22/23 (ended Dec 31) rose by 8 per cent year on year (yoy) to S$180.2 million, mainly due to accretive acquisitions completed in Q1FY22/23 and FY21/22.

 

In tandem with higher gross revenue, its net property income increased by 7.3 per cent yoy to S$157.2 million.

 

Share buybacks

There were eight primary-listed companies conducting share buybacks over the three trading sessions through to Jan 26, with a total consideration of S$1.9 million.

OCBC again led the consideration tally, buying back 100,000 shares at S$12.64 per share.

 

The bank has bought back 0.4 per cent of its issued shares (excluding treasury shares) on the current mandate.

 

SIA Engineering : S59 +0.81% also bought back 71,500 shares at an average price of S$2.47 per share while Thakral Corporation : AWI 0% bought back 282,400 shares at an average price of S$0.62 per share.

 

Director and substantial shareholder transactions

The three trading sessions saw close to 30 changes to director interests and substantial shareholdings filed for 19 primary-listed stocks. This included four company director acquisitions with no disposals filed, while substantial shareholders filed one acquisition and three disposals.

 

The preceding five sessions spanning Jan 13 to 19, had seen relatively more filings as discussed below.