Buybacks no guarantee share price will rally
Shares of 13 out of top 20 buyback firms in H1 ended higher, but 6 finished lower
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THIRTEEN of the top 20 Singapore listed companies in terms of share buyback value in the first half of the year have seen their share price advance, while six finished lower, with one ending unchanged.
Though share buybacks would theoretically lift a counter's price, all things being equal, analysts point to negative business and company-specific factors that might push prices the other way.
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