The Business Times
business-time-50
MARK TO MARKET

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

    ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    Residential auction demand is primarily driven by upgraders seeking larger family homes and investors eyeing future capital gains, says an analyst.

    Mortgagee-sale listings hit six-year high in H1 2026 as financing conditions tighten

    Justin Quek, CEO of OrangeTee and Deputy Group CEO of Realion Group (right), with Dr Tan Tee Khoon, head of KF Property Network.

    Knight Frank winds down real estate agency unit, agents to move to OrangeTee & Tie

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More