Our analysis focuses on a curated group of Singapore-listed companies characterised by active value realisation. Within this universe, June was a month of consolidation. The basket eased over the month and trailed the STI, a short-term reversal of the leadership seen earlier in the year as index gains concentrated in the large-cap banks.
The Straits Times Index (STI) pressed to fresh highs in June, with Singapore stocks attracting $611 million in net institutional inflow during the month. Concurrently, the steady cadence of divestments, buybacks and portfolio restructuring across Singapore-listed companies reflected an ecosystem internalising value-up expectations.
