Singapore-listed firms on share buyback spree in H1 2018
Value is four times that of year ago period amid extremely volatile trading environment
Singapore
SHARE buybacks in the Singapore bourse boomed over the first half of this year as companies dipped into the kitty to shore up their stocks amid an extremely volatile trading environment, fuelled by trade war and geopolitical risks and worries over the quickening pace of rising interest rates in the US.
According to market watchers the uptrend could persist for the rest of the year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Japfa posts US$12.4 million Q1 profit, reversing from year-ago loss of US$43 million
PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
Walmart to shut all health centers in US over lack of profitability
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
3M to cut dividend on health-care spin, losing aristocrat status
OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman