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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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A good example is mainboard-listed skincare products company Best World. It led the pack of decliners not only in terms of the buyback value but also price fall.


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...

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