MARK TO MARKET
·
SUBSCRIBERS
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
Published Sun, Oct 10, 2021 · 09:50 PM
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.
Copyright SPH Media. All rights reserved.
