Share buybacks: Good or bad for investors?

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.