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HOCK LOCK SIEW

Sinarmas Land share buyback raises questions

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Share buybacks, part of a firm's defence arsenal to beat the market's under appreciation of its stock or to provide support amid a selloff, rarely turns into fodder for market wags.

SHARE buybacks, part of a firm's defence arsenal to beat the market's under appreciation of its stock or to provide support amid a selloff, rarely turns into fodder for market wags.

This was not quite the case for Singapore-listed Sinarmas Land, a real estate firm controlled by Indonesia'

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