FOR the five trading sessions that spanned Nov 25 to Dec 1, the Straits Times Index (STI) gained 1.2 per cent, with the Hang Seng Index adding 4.8 per cent and the FTSE Bursa Malaysia KLCI declining 0.3 per cent.

 

Overall, institutions were net buyers of Singapore stocks for the five sessions, with S$161 million of net inflow. This brought the 2022 year to Dec 1 net institutional inflow to S$1.29 billion.

 

Jardine Cycle & Carriage : C07 -2.78%, UOB : U11 -1.34%, Chip Eng Seng : C29 0%, CapitaLand Integrated Commercial Trust : C38U -1.94%, CapitaLand Investment : 9CI -1.34%, Genting Singapore : G13 0%, Keppel Corporation : BN4 +0.79%, Thai Beverage : Y92 -0.78%, Singapore Airlines : C6L -0.36% and Sheng Siong Group : OV8 0%led the net institutional inflow for the five sessions.

 

For Singapore&rsquo s 100 most traded stocks, the banks, consumer cyclicals, and the telecommunications sectors led the net fund inflow in November, with the three sectors albeit in a different order &ndash telecommunications, banks and consumer cyclicals &ndash also leading the net fund inflow for the past 11 months.

 

For November, the Reit sector led the net fund outflows, with the sector also leading the net fund outflows over the past 11 months.

 

Share buybacks

There were 24 primary-listed companies conducting share buybacks over the five sessions ended Dec 1, with a total consideration of S$10.6 million, matching the consideration pace for the preceding week.

 

For the companies, Singapore Technologies Engineering : S63 -0.58% (ST Engg) led the consideration tally, buying back 500,000 shares at S$3.49 per share. The company has bought back 0.18 per cent of its issued shares (excluding treasury shares) on the current mandate.

 

On Nov 28, ST Engg provided a business update, highlighting that group 9M 2022 revenue reached S$6.5 billion, a 19 per cent increase from 9M 2021, with strong contract wins of S$10.3 billion in 9M 2022, including S$4.8 billion secured in Q3 2022.

 

Digital Core Reit Management

On Dec 1, Digital Core Reit Management abought back 1.1 million units of Digital Core Reit : DCRU -5.74% at 61.9 US cents per share. With a consideration of US$681,923, the units represented 0.1 per cent of the issued units.

 

Prior to the Dec 1 open, the leading pure-play data centre Reit announced that it intends to proceed with the 100 per cent debt-funded acquisition of a 25 per cent interest in a Frankfurt facility for approximately US$140 million, and no longer intends to proceed with the equity fund raising scenario.

 

This week (Dec 6) will mark the one-year anniversary since the listing of Digital Core Reit which is sponsored by Digital Realty.

 

As of Sep 30, the Reit&rsquo s portfolio value was US$1.45 billion, with 10 data centres and 100 per cent occupancy based on net rentable area.

 

Director and substantial shareholder transactions

The five trading sessions saw close to 80 changes to director interests and substantial shareholdings filed for 30 primary-listed stocks.

 

This included 10 company director acquisitions with no disposals filed, while substantial shareholders filed five acquisitions and one disposal.

 

Asian Pay Television Trust

Between Nov 23 and 28, the non-executive director of the trustee-manager of Asian Pay Television Trust : S7OU +0.92% (APTT), Dai Yung Huei, increased his deemed interest from 18.59 per cent to 18.75 per cent.

 

This saw 2,825,500 units of APTT acquired by Araedis Investment for a consideration of S$305,668 at 10.8 cents per unit.

 

Dai is the chairman of Da Da Digital Convergence Co and the founder of Dafeng TV &ndash the first publicly traded cable TV provider in Taiwan, which operates in domestic markets including New Taipei City and Kaohsiung City. Between 1996 and 2019, Dai was the chairman of Dafeng TV.