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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

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Ben Paul

Ben Paul

Published Mon, Jan 16, 2023 · 05:50 AM
    • SGX said in a report on Jan 9 that primary-listed companies repurchased S$1.69 billion worth of their own shares in 2022
    • SGX said in a report on Jan 9 that primary-listed companies repurchased S$1.69 billion worth of their own shares in 2022 BT FILE

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    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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