Companies should offer guidance on how share buybacks are in their best interests
Amid adverse structural shifts in their operating backdrop, firms should diversify or stick to paying out dividends
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TWO stocks I happen to own - OCBC and The Hour Glass - accounted for nearly two-thirds of all the share buyback activity in the local market last month.
OCBC repurchased 7.017 million shares in September for nearly S$81.4 million, or about S$11.60 per share.
The Hour Glass repurchased 2.757 million shares for almost S$4.3 million, or about S$1.55 per share.
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