Singtel led Singapore Exchange (SGX) primary-listed companies in buyback spending in August 2026, repurchasing about 13 million shares for S$55.6 million at an average price of S$4.277 per share [1, 2]. For the first eight months of 2026, Singtel accounted for approximately S$948.6 million in buybacks, representing about 45% of the total S$2.09 billion spent by primary-listed companies on SGX [3, 1, 2].
More than 70 primary-listed SGX companies collectively repurchased close to S$2.1 billion worth of shares from January to August 2026, up from nearly S$1.6 billion in the same period in 2025 [3, 1, 2]. Other leading buyers in August included Keppel, ST Engineering, UOB, and Seatrium [3, 1, 2].
Seatrium, which launched a S$100 million buyback program in April 2024, repurchased close to 3.7 million shares for about S$8 million in August 2026 and made an additional repurchase of 920,000 shares for S$2 million in early September, bringing its cumulative buybacks to nearly S$99.7 million [1, 2].
Secondary-listed Jardine Matheson repurchased 368,300 shares in August 2026 for US$22.7 million, at an average price of US$61.557 per share [1, 2].
Singtel announced its value realisation share buyback program at its annual general meeting on July 29, 2026. The program aims to return up to S$2 billion to shareholders over three years [1, 2]. SGX stated, "Buybacks have remained a key capital management tool for companies seeking to deploy surplus capital, support shareholder returns, enhance earnings per share and return on equity, and capitalise on perceived undervaluation" [1].
The next scheduled checkpoint for the Singtel buyback program is expected as it progresses towards the S$2 billion target over the three-year period ending in 2029.
