---
title: "7M26 Buyback Consideration Reaches S$1.9 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294648086.md"
description: "In the first seven months of 2026, over 70 primary-listed Singaporean companies repurchased S$1.9 billion in shares, up from S$1.3 billion in the same period last year. Singtel led with nearly half the total value, citing EPS and DPS enhancement. Other notable buyers included Geo Energy, Raffles Medical, and Addvalue Technologies, which initiated their first buybacks in July. Secondary-listed firms like Jardine Matheson also actively bought back shares."
datetime: "2026-08-02T22:12:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294648086.md)
  - [en](https://longbridge.com/en/news/294648086.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294648086.md)
generator: "portal-rs"
---

# 7M26 Buyback Consideration Reaches S$1.9 Billion

-   **Buyback activity accelerated in the first seven months of 2026 (7M26), with 70+ primary-listed companies repurchasing S$1.9 billion of shares. Companies can conduct buybacks to support employee remuneration plans, deploy surplus capital, seek to enhance EPS and ROE, or capitalise on perceived undervaluation.**

-   **Singtel has led the buyback consideration tally over the past seven months and recently highlighted that full execution of its S$2 billion Value Realisation Share Buyback programme would, on a pro-forma FY26 basis, deliver a permanent c.3% uplift in underlying EPS and support a higher EPS and DPS trajectory.**

-   **10 primary-listed companies recorded their first buyback activity of 2026 in July, led by Geo Energy, Raffles Medical and Addvalue Technologies. Geo Energy recorded the largest July buyback consideration among the 10 companies and cited an undervalued share price and long-term growth prospects when announcing its buyback programme.**

Over the first seven months of 2026 (7M26), more than 70 primary-listed companies in Singapore have collectively repurchased S$1.9 billion worth of shares on the open market, up from around S$1.3 billion during 7M25, and S$772 million in 7M24. Buyback activity remained concentrated among the largest issuers, with Singapore Telecommunications (Singtel) accounting for almost half of the aggregate 7M26 buyback consideration.

Companies repurchase shares to support employee compensation plans or to deploy surplus capital more effectively. ACRA maintains that buybacks can enhance key financial metrics such as Earnings per Share (EPS) and Return on Equity (ROE), take advantage of perceived undervaluation, and reduce the overall cost of capital.

The table below details the 20 companies that conducted the highest buyback considerations in July, and for the first seven months of 2026.

**Highest Buyback Considerations for Primary-listed Companies in July**

**Total Number of Shares Purchased**

**Total Buyback Consideration** 

**Average Price S$**

**Highest Buyback Considerations for Primary-listed Companies in first 7 Months of 2026 (7M26)**

**Total Number of Shares Purchased**

**Total Buyback Consideration**  

**Average Price S$**

SINGAPORE TELECOMMUNICATIONS 

23,551,400

$103,611,511

$4.40

SINGAPORE TELECOMMUNICATIONS 

195,279,205

$892,994,315

$4.57

UNITED OVERSEAS BANK 

935,200

$39,534,935

$42.27

KEPPEL 

21,623,400

$246,714,575

$11.41

KEPPEL 

600,000

$6,926,668

$11.54

OVERSEA-CHINESE BANKING CORP 

10,047,300

$220,104,613

$21.91

GEO ENERGY RESOURCES 

5,837,500

$3,151,349

$0.54

UNITED OVERSEAS BANK 

5,643,600

$216,404,867

$38.35

THE HOUR GLASS  

755,100

$2,071,788

$2.74

SINGAPORE TECHNOLOGIES ENG 

7,750,000

$80,998,057

$10.45

RAFFLES MEDICAL GROUP 

2,000,000

$1,776,721

$0.89

SINGAPORE EXCHANGE 

2,063,000

$42,015,072

$20.37

ADDVALUE TECHNOLOGIES 

10,300,000

$1,491,520

$0.14

SATS 

9,554,200

$34,968,032

$3.66

VENTURE CORPORATION 

86,000

$1,472,892

$17.13

SEATRIUM 

14,110,000

$31,707,232

$2.25

VALUETRONICS HOLDINGS 

1,047,700

$1,122,040

$1.07

SINGAPORE AIRLINES 

3,000,000

$20,240,960

$6.75

FRASER AND NEAVE 

658,900

$943,954

$1.43

GENTING SINGAPORE 

29,830,200

$18,507,938

$0.62

CHUAN HUP HOLDINGS 

3,616,700

$934,650

$0.26

THE HOUR GLASS  

6,526,400

$15,819,453

$2.42

RECLAIMS GLOBAL 

3,553,200

$739,465

$0.21

HONG FOK CORPORATION 

16,553,200

$15,560,515

$0.94

FOOD EMPIRE HOLDINGS 

255,400

$619,387

$2.43

VENTURE CORPORATION 

461,500

$7,526,730

$16.31

STAMFORD LAND CORPORATION 

1,132,500

$556,543

$0.49

FOOD EMPIRE HOLDINGS 

2,725,100

$7,205,393

$2.64

NANOFILM TECHNOLOGIES INT 

425,600

$503,724

$1.18

CHUAN HUP HOLDINGS 

21,547,600

$5,191,714

$0.24

OXLEY HOLDINGS  

6,540,000

$490,350

$0.07

MDR 

80,011,000

$3,703,818

$0.05

HONG FOK CORPORATION 

365,000

$344,185

$0.94

FRASER AND NEAVE 

2,504,500

$3,606,355

$1.44

LINCOTRADE & ASSOCIATES 

864,400

$276,473

$0.32

CSE GLOBAL 

2,000,000

$3,157,097

$1.58

KARIN TECHNOLOGY HLDGS 

954,600

$251,342

$0.26

GEO ENERGY RESOURCES 

5,837,500

$3,151,349

$0.54

EVER GLORY UNITED HOLDINGS 

238,600

$185,226

$0.78

HONG LAI HUAT GROUP 

33,283,600

$2,848,223

$0.09

*Note Consideration and average prices include including stamp duties, clearing changes etc. paid or payable for the shares. The table does not include buybacks for conducted by secondary listings, listings conducted on other exchanges as well as buybacks conducted for REITs, Business Trusts and Stapled Trusts.*

Singtel led both the July and 7M26 buyback consideration tallies, repurchasing 23.6 million shares for S$103.6 million at an average price of S$4.40 per share in July, bringing its 7M26 repurchases to 195.3 million shares for S$893.0 million at an average price of S$4.57 per share. In its 2026 Responses to substantial and relevant questions before its 2026 AGM last week, Singtel said shares repurchased under its S$2 billion Value Realisation Share Buyback programme are cancelled, reducing the total number of shares outstanding and increasing each remaining shareholder's ownership interest in the company. The group added that full execution of its S$2 billion Value Realisation Share Buyback programme would, on a pro-forma FY26 basis, deliver a permanent c.3% uplift in underlying EPS and support a higher EPS and Dividend Per Share (DPS) trajectory.

Secondary-listed companies were also active on buybacks over the past seven months. Jardine Matheson Holdings repurchased more than 3.7 million shares for ~US$270 million at an average price of US$71.41 per share. This aligns with management’s broader capital allocation framework, where buybacks form part of value creation alongside accelerated capital recycling and a strengthened net cash position. Hongkong Land also repurchased more than 27 million shares for ~US$210 million at an average price of US$7.63 per share. 

The 10 primary-listed companies that recorded their first buyback activity of 2026 in July were Geo Energy Resources, Raffles Medical Group, Addvalue Technologies, Reclaims Global, Stamford Land Corporation, Ever Glory United Holdings, Singapore Shipping Corporation, Huationg Global, Fuxing China Group and Goodland Group. 

Among these 10 companies, Geo Energy Resources led the buyback consideration tally in July, repurchasing 5.8 million shares for S$3.15 million at an average price of S$0.54 per share. On July 7, Geo Energy Resources relayed its buyback programme reflected management's view that the company's share price was undervalued, particularly as it approached the commencement of operations at its MBJ Integrated Infrastructure project, while also highlighting strengthening coal prices and long-term demand growth from China, India and Japan. Its preceding buybacks were in December 2024.

Raffles Medical Group recorded S$1.78 million of buyback consideration in July, repurchasing 2.0 million shares. Ahead of its AGM, the company said its share buybacks improve earnings per share and support long-term shareholder value creation, complementing a final dividend that represented approximately 84% of FY25 sustainable profit after tax and minority interests. Its preceding buybacks were in December 2025. 

Addvalue Technologies recorded S$1.49 million of buyback consideration in July, repurchasing 10.3 million shares at an average price of approximately S$0.145 per share. In a 16 July report, Maybank said the company's first share buyback since 2010 signalled management's confidence in its outlook, while reiterating its buy recommendation and S$0.34 target price on expectations of further Advanced Digital Radio System (ADRS) orders, capacity expansion and growth opportunities in the drones, space and AI segments. 

Beyond supporting employee share plans, buybacks remain a key capital returns lever, complementing dividends while providing companies with flexibility in capital allocation and shareholder value creation. 

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**