On Oct 29, Raffles Medical Group : BSL +1.14% executive chairman Loo Choon Yong acquired 1.1 million shares at an average price of S$0.89 apiece. This increased his total interest from 55.3 per cent to 55.36 per cent.

 

Since February, Dr Loo has been gradually increasing his total interest in the stock from 53.02 per cent. On Sep 26, he bought 470,000 shares at an average price of S$0.889 per share.

On Sep 26, Raffles Medical Group : BSL -0.55% executive chairman Dr Loo Choon Yong acquired 470,000 shares at an average price of S$0.889 per share. This increased his total interest from 55.27 per cent to 55.3 per cent.

 

Raffles Medical executive chairman expands interest First Reit independent director cashes in

 

Since late-February, Dr Loo has been gradually raising his total interest in the stock from 53.02 per cent, with 7.02 million shares added to his total interest over August and September.

 

The group remains focused on exploring new business opportunities regionally and improving on the operational leverage of its existing businesses, which includes expanding the Raffles brand of care in Japan. 

Between Sep 24 and 25, Raffles Medical Group : BSL +0.56% executive chairman Dr Loo Choon Yong acquired 2.15 million shares at S$0.89 a share. This increased his total interest from 55.16 per cent to 55.27 per cent. Since late February, Dr Loo has been gradually increasing his total interest in the stock from 53.02 per cent.

 

The group highlighted in July that it will continue to expand in Asia as it opens its second medical centre in Hakata, Fukuoka, offering a range of medical services. Despite economic challenges, the group also remains focused on exploring new business opportunities and improving operational leverage.

Telecommunications and Reit sectors lead net institutional outflows while financial services and utilities lead net institutional inflows

 

Institutions were net sellers of Singapore stocks over the five trading sessions spanning Sep 20 to 26, with S$54 million of net institutional outflow &ndash reducing total net inflows from the 20 trading sessions spanning Aug 30 (which included MSCI Index rebalancing) to Sep 26, to S$1.165 billion.

 

Leading the net institutional outflow over the five sessions to Sep 26 were Singtel : Z74 -0.31%, Yangzijiang Shipbuilding : BS6 -6.34%, CapitaLand Investment : 9CI +2.67%, Singapore Exchange : S68 +1.08%, Mapletree Logistics Trust : M44U +1.39%, Capitaland Ascendas Reit : A17U 0%, City Developments : C09 +1.31%, Jardine Cycle & Carriage : C07 -0.15%, Frasers Logistics & Commercial Trust : BUOU +1.74% and Mapletree Industrial Trust : ME8U +0.81%. Thus, telecommunications and real estate investment trust (Reit) sectors led the net institutional outflows.

 

Leading the net institutional inflow over the five sessions were DBS : D05 -1.83%, Sembcorp Industries : U96 0%, Capitaland Integrated Commercial Trust : C38U +0.47%, UOB : U11 -0.43%, Keppel : BN4 +1.38%, Seatrium : 5E2 -1.7%, Suntec Reit : T82U +1.52%, ComfortDelGro Corporation : C52 -0.66%, Singapore Airlines : C6L +0.3% and OUE Reit : TS0U 0%. Thus, financial services and utilities led the net institutional inflows.

 

Over the five sessions, 16 primary-listed companies conducted buybacks with a total consideration of S$18.9 million, double the amount for the preceding week.

 

Digital Core Reit Management acquired 250,200 units of Digital Core Reit : DCRU 0% between Sep 23 and 24. Seatrium bought back 1.11 million shares, taking the cumulative percentage of issued shares (excluding treasury shares) acquired on the current mandate to 0.4 per cent.

 

Sats : S58 -0.83% led the buyback consideration tally over the five sessions, acquiring 2.6 million shares at an average price of S$3.62 a share. Sats noted that repurchased shares held in treasury can be transferred for share schemes without diluting existing shares.

 

During the five trading sessions, more than 140 director interests and substantial shareholdings were filed for 40 primary-listed stocks. Directors or CEOs filed 17 acquisitions and one disposal, while substantial shareholders filed 11 acquisitions and 11 disposals.

 

The 140 filings were larger than the usual weekly quota due to director participations in performance share plans. This included Sats president and CEO Kerry Mok Tee Heong, who was granted unvested shares under the Sats restricted and performance share plans.