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

Ben Paul

Published Mon, Oct 11, 2021 · 05:50 AM

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.

KEYWORDS IN THIS ARTICLE

Share buybacks

the hour glass

Singapore banks

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Companies & Markets

Companies & Markets

Companies should offer guidance on how share buybacks are in their best interests

Ben Paul

KEYWORDS IN THIS ARTICLE

Companies & Markets

Morgan Stanley strategists see inflation as key for path of US stocks

US: Wall Street opens higher as rate-cut hopes linger

Tyson raises outlook as lower costs boost chicken segment

US dollar soft on renewed Fed rate cut bets; yen on back foot

Possible class action lawsuit against Cordlife by customers could take at least 2 years

SAP extends CEO Klein’s contract until 2028

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