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OUE’s buyback plan may not permanently lift investor appetite for its depressed shares

The corporate exercise is likely to boost the company’s NAV per share and may leave it with a narrower public float

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Ben Paul

Ben Paul

Published Mon, May 27, 2024 · 05:00 AM
    • OUE said the share buyback is to commemorate its 60th anniversary and enhance shareholder value.
    • OUE said the share buyback is to commemorate its 60th anniversary and enhance shareholder value. PHOTO: YEN MENG JIIN, BT

    INVESTORS reacted positively this past week to OUE’s announcement of an off-market, equal-access buyback of up to 10 per cent of its outstanding shares.

    The corporate exercise may not result in a lasting re-rating of the real estate and healthcare group’s depressed share price, though.

    Over the longer term, the smaller number of shares in issue may just reduce their trading liquidity and shrink the company’s investor following.

    BT Correspondentsoue limitedShare buybacks

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