03-03-2015, 10:55 AM
A sign of an undervalued market?
Companies in Singapore spent $230 million buying back shares in Jan, Feb
SINGAPORE (March 3): Singapore-listed companies spent a total of $229.5 million buying back their own shares in the first two months of 2015.
The bulk of the buybacks - $132.3 million - was in February, according to data from the Singapore Exchange.
Of the 35 companies that bought their own shares between January and February, Technics Oil & Gas (Financial Dashboard) spent the most - it paid $91.6 million for 1.6 million shares, representing 0.71% of its share capital.
Next was ST Engineering, which paid $38.7 million for 11.4 million shares, or 0.43% of its issued shares.
Other companies that actively mopped up their owns shares on the open market included Genting Singapore (Financial Dashboard), OCBC ( Financial Dashboard) and Hyflux ( Financial Dashboard).
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http://www.theedgemarkets.com/sg/article...es-jan-feb
Companies in Singapore spent $230 million buying back shares in Jan, Feb
SINGAPORE (March 3): Singapore-listed companies spent a total of $229.5 million buying back their own shares in the first two months of 2015.
The bulk of the buybacks - $132.3 million - was in February, according to data from the Singapore Exchange.
Of the 35 companies that bought their own shares between January and February, Technics Oil & Gas (Financial Dashboard) spent the most - it paid $91.6 million for 1.6 million shares, representing 0.71% of its share capital.
Next was ST Engineering, which paid $38.7 million for 11.4 million shares, or 0.43% of its issued shares.
Other companies that actively mopped up their owns shares on the open market included Genting Singapore (Financial Dashboard), OCBC ( Financial Dashboard) and Hyflux ( Financial Dashboard).
...
http://www.theedgemarkets.com/sg/article...es-jan-feb
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