17Feb
sgx-asx

SGX : S$81 million in Share ‪#‎Buybacks‬

SGX :

  • S$81 million in Share ‪#‎Buybacks‬ in January 2016
  • In the month of January 2016, there were a total of 85,323,600 shares repurchased by 44 stocks, with a total consideration of S$80.9 million. This compared to S$97.2 million in January 2015 and S$63.1 million in December 2015.
  • There are two common motivations for a listed company to buy shares back from the open market – when they feel that their share price has been undervalued or simply to facilitate employee share option schemes.
  • The five stocks with the largest considerations in buybacks in the month of January 2016 were ‪#‎DBS‬ Group Holdings, ‪#‎Oversea‬-Chinese Banking Corporation, ‪#‎Q‬ & M Dental Group (Singapore), ‪#‎Silverlake‬ Axis and ‪#‎Wing‬ Tai Holdings.

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