DBS commenced its S$3b shares buyback programme on 28 Nov. This programme should continue to provide support to DBS's share price for the near to medium term.
Shares buyback programme.
- Read this at SGinvestors.io -
- Read this at SGinvestors.io -
Will provide near to medium-term price support
Based on the S$3b programme and assuming an average price of S$44.00, DBS is able to buy up to 68.2m shares, but the current maximum number of shares is capped at 51.58m shares.
Based on 51.58m shares, DBS can buy up to a maximum price of about S$59.00 for the balance 47.5m shares (51.58m less 4.05m shares) under the programme.
Dividends will provide another layer of price support.
Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
