The Motley Fool Singapore
2019-03-06 21:30:10
What Investors Should Know About Share Buybacks by Singapore-Listed Companies in February 2019
Last month, 15 companies bought back 20.1 million shares or units for a total amount of S$31.9 million. The latest buyback is up from January 2019’s figure of S$26 million, but down significantly from February 2018’s amount of S$134 million. The Singapore Exchange released those data in a report yesterday.
The top six companies with the most significant share buyback amount in February 2019 were (total amount spent given in brackets):
1) Singapore Technologies Engineering Ltd (SGX: S63) (S$15.22 million);
2) Oversea-Chinese Banking Corporation Limited (SGX: O39) (S$6.72 million);
3) Keppel REIT (SGX: K71U) (S$3.93 million);
4) Singapore Post Limited (SGX: S08) (S$1.56 million);
5) StarHub Ltd (SGX: CC3) (S$1.51 million); and
6) Singapore Telecommunications Limited (SGX: Z74) (S$1.11