Kingsmen Creatives chair and deputy chair build stakes

[SINGAPORE] Over the five trading sessions from Sep 5 to 11, institutions were net buyers of Singapore stocks, with net institutional inflow of S$11.1 million, adding to the S$42 million in net institutional inflow for the preceding week.

Institutional flows

During this period, the stocks that had the highest net institutional inflow included DBS , Singapore Technologies Engineering , UOL Group, Genting Singapore , CapitaLand Integrated Commercial Trust , CapitaLand Ascendas Reit , UOB-Kay Hian Holdings , Geo Energy Resource s, Yangzijiang Financial Holding , and City Developments Limited .

Meanwhile, OCBC , Singtel , Singapore Airlines , Singapore Post , CapitaLand Investment , Wilmar International , UOB , Keppel DC Reit , Sembcorp Industries and CapitaLand Ascott Trust led the net institutional outflow over the five sessions.

Share buybacks

During the five sessions, 15 primary-listed companies made share buybacks with a total consideration of S$43 million. OCBC led the consideration tally, buying back 1.25 million of its shares at an average price of S$16.84.

TOTM Technologies

On Sep 10, Thomas Clive Khoo increased his substantial shareholding in TOTM Technologies above the 17 per cent threshold, from 16.53 to 17.21 per cent. The 10,237,800 shares were acquired at S$0.032 apiece.

His substantial shareholding crossed above 10 per cent in June, and he emerged as a substantial shareholder in September 2024.

Director transactions

Over the five trading sessions, more than 60 director interests and substantial shareholdings were filed. Across more than 40 primary-listed stocks, directors or CEOs reported nine acquisitions and three disposals, while substantial shareholders recorded 11 acquisitions and six disposals.

This included director or CEO filings for Audience Analytics , Eurosports Global , Keong Hong Holdings , Kingsmen Creatives , Lum Chang Holdings , Nam Cheong , Nordic Group and Stamford Land Corporation .

Stamford Land Corporation

Between Sep 3 and 10, Stamford Land Corporation executive chairman Ow Chio Kiat increased his total interest marginally to 46.23 per cent. He bought 229,900 shares at an average price of S$0.42 apiece.

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Ow noted that the group remains debt-free with a strong S$500 million cash position, providing ample financial capacity to pursue opportunistic acquisitions and asset enhancement initiatives.

Kingsmen Creatives

On Sep 5, both the chairman and deputy chairman of Kingsmen Creative increased their interest in separate married deals.

Islanda acquired 345,800 shares in a married deal at S$0.47 apiece, which increased the total interest of chairman Benedict Soh from 24.41 per cent to 24.58 per cent.

Deputy chairman Simon Ong also purchased 345,800 shares at S$0.47 apiece. The married deal increased his direct interest from 5.47 per cent to 5.64 per cent. This brought his total interest from 24.29 per cent to 24.46 per cent.

Soh and Ong are both co-founders of the group.

Soh drives strategic direction, leadership development, and new business opportunities. With more than 40 years’ experience in design and production, he has also advanced Singapore’s global standing in tourism and exhibition services through government initiatives.

Ong leads the strategic planning, development, and creative standards. A celebrated design industry leader, he has held key advisory roles, earned international recognition, and received the 2024 Lifetime Achievement Award from the Society of Interior Designers Singapore.

On Aug 14, Kingsmen Creatives reported a 27.5 per cent rise in H1 FY25 (ended Jun 30) net profit to S$1.6 million. While revenue declined, the gross profit margin was higher at 24.6 per cent in H1 FY25 compared to 21.7 per cent in H1 FY24, contributed by higher margin achieved for certain events and projects.

The exhibitions, thematic and attractions division posted S$69.9 million in H1 FY25 revenue, down 16.1 per cent from S$83.3 million a year earlier due to project completions in 2024 and timing of new projects despite strong demand for experiential initiatives.

The retail and corporate interiors division achieved S$77.6 million in H1 FY25 revenue, up 3.3 per cent from S$75.2 million in H1 FY24, driven by strong demand from regional and global brands refreshing retail spaces and launching new concepts.

The research and design division posted S$9.7 million in H1 FY25 revenue, up 16.9 per cent from S$8.3 million, while the experiential marketing division recorded S$4.9 million, down 25.3 per cent from S$6.6 million due to timing of major projects.

As at Jul 31, the group has secured contracts amounting to S$345 million, of which S$278 million is expected to be recognised in 2025.

Nordic Group

On Sep 3, Nordic Group executive chairman Chang Yeh Hong purchased 354,700 shares at an average price of S$0.405 per share. This increased his direct interest in the company from 54.78 per cent to 54.87 per cent.

His preceding acquisition was in August 2022, with 173,000 shares bought at S$0.489 per share.

A veteran banker, Chang is responsible for the group’s strategic directions and expansion plans, and for the management of its overall business development.

Between 1984 and 2002, Chang held various banking roles, including regional managing director of Asia-Pacific with Citibank, and global head of a product group with Standard Chartered Bank.

He has also held directorships in Technics Oil & Gas, Union Steel Holdings, Jackspeed Corporation and System Access, which was subsequently acquired by SunGard.

Nordic provides integrated engineering and maintenance solutions across marine and offshore energy, petrochemical, pharmaceutical, semiconductor, infrastructure and security sectors.

Headquartered in Singapore, Nordic operates a Suzhou production facility, operations in Malaysia, and a regional sales network spanning Singapore, China and global agents to stay close to customers.

As at Jun 30, 2025, the group held a strong S$184.9 million order book – S$62.5 million from project services and S$122.4 million from maintenance services, including S$48.7 million in new contracts – mainly expected to be deliverable over the next 36 months.

On Aug 8, Nordic Group posted H1 FY25 (ended Jun 30) revenue of S$84.8 million, up 11 per cent from H1 FY24, driven by a 24 per cent rise in project services to S$44.6 million, while maintenance services held steady at S$40.2 million.

Operating profit rose 14 per cent to S$10.3 million, but net profit slipped 3 per cent to S$8.3 million on a foreign exchange loss, with margins narrowing to 15.3 per cent.

The group maintains that with the current order wins, prudent cost and risk management measures, and its continued efforts to explore merger and acquisition opportunities, it is poised to deliver sustainable value to shareholders over the long run.

Nam Cheong

On Sep 4, Nam Cheong CEO Leong Seng Keat increased his deemed interest from 0.17 per cent to 0.24 per cent following the acquisition of 277,000 shares by his wife at S$0.71951 per share. This brought his total interest to 3.8 per cent.

Leong joined the group in 2005. He leads the management team in driving the group’s vision, global market expansion and innovation in fuel-efficient vessels. He oversees corporate strategy, works closely with management to grow market share, and liaises with the board.

In 2016, he established SKOM, adding a ship management arm to the group. Under his leadership, the group has become a proven vessel operator with about 30 active vessels.

Audience Analytics

On Sep 8, Audience Analytics chairman and managing director William Ng acquired 66,000 shares at an average price of S$0.289 per share. This increased his total interest in the Catalist-listed stock from 83.68 per cent to 83.71 per cent. Since Aug 26, he has increased his interest total from 83.58 per cent.

Founded in 2002, Audience Analytics has evolved from a media brand into a regional platform spanning exhibitions, business awards, impact assessments, business media and software as a service analytics across 15 markets.

Under Ng’s leadership, it has pioneered recognition awards, built in-house capabilities to address a talent gap, curates premium CEO-level forums, and differentiates with an AI-driven Total Engagement Assessment Model that provides objective benchmarking and actionable workforce insights.

Backed by strong cash reserves and a wide network of Fortune 500 companies as well as small and medium-sized enterprises, the company is scaling its awards and events across markets while fostering employee well-being and an open, quarterly transformation-driven innovation culture to sustain growth.

Ng noted that the group’s deep presence in multiple markets across Asia, coupled with its broad offerings – from business intelligence and business recognition programmes to business-to-business events and exhibitions – ensures it can adapt and thrive in any environment.

The writer is the market strategist at Singapore Exchange (SGX). To read SGX’s market research reports, visit sgx.com/research