Share buybacks: Good or bad for investors?
Singtel, ST Engineering and Nanofilm are now trading below average prices at which they repurchased shares in 2022
EVEN as interest rates around the world climbed sharply in 2022, share buyback activity in the Singapore market increased significantly.
A total of 86 companies with primary listings in Singapore repurchased more than S$1.69 billion worth of their own shares last year, said a report by the Singapore Exchange (SGX) on Jan 9.
In 2021, 85 primary-listed companies spent nearly S$1.19 billion buying back their own shares. In 2020, 100 primary-listed companies repurchased nearly S$1.04 billion worth of their own shares.
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