新2网址最新登录www.99cx.vip)实时更新发布最新最快最有效的新2最新登录网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

,Minority Shareholders Watchdog Group chief executive officer Devanesan Evanson said companies doing the buyback reckoned that the share prices were at a “screaming bargain”. He noted that a key option with buying back shares was to resell them at a higher price.

KUALA LUMPUR: Listed companies have stepped up share buybacks in June as compared to May, following the sharp correction in the local bourse amid rising risk factors driving prices of many firms lower.

According to filings on the stock exchange, the number of local corporates buying their own shares from the open market rose to 43 in June to date from 34 in May after the benchmark FBM KLCI fell some 134 points or 8.5% to 1,436 points yesterday.

While in May the share buybacks were undertaken by mainly the lower liners, June has seen buybacks by bigger names like IJM Corp Bhd and AMMB Holdings Bhd, the filings showed.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau explained that the increase in share buybacks was likely because of management viewing their share price as at “attractive and cheap” levels amidst the market downturn.

“The shares of companies are undervalued or below the net tangible assets per share.

"They may have given out shares as dividend-in-specie.

"Hence, there is now an opportunity for the companies to buy back some of their shares as the market fell to a multi-year low,” he said.

He expects more share buybacks in the second half of the year, as the market is anticipated to remain volatile amid external uncertainties.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau explained that the increase in share buybacks was likely because of management viewing their share price as at “attractive and cheap” levels amidst the market downturn.

Among the corporates that spent heavily on share repurchases were Yinson Holdings Bhd, Kenanga Investment Bank Bhd, IJM Corp and Power Root Bhd.

Echoing similar views, a broker anticipates more listed companies continuing to undertake share buybacks.

This is as some companies were currently trading below their fundamental price.

“I will be surprised if they don’t continue with the share buybacks.

平心在线声明:该文看法仅代表作者自己,与本平台无关。转载请注明:新2网址最新登录(www.99cx.vip)_Share buybacks on the rise
发布评论

分享到:

平心在线

平心在线官网版权所有

欧博Allbet(www.allbet8.vip)_云从科技:人机协同产业化加速落地 预计未来三年复合增长率40%左右
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。