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Keppel, OCBC lead wave of share buybacks amid bear market
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Companies instigated almost $1 billion worth of share buybacks in the first half of 2022, led by Tier 1 companies like Keppel and OCBC Bank.
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SINGAPORE - The stock market may be in the figurative doghouse but that has not stopped a massive wave of share buybacks by companies and even some institutional investors who see compelling value emerging after a six-month bear market.
Singapore Exchange data shows that companies instigated almost $1 billion worth of share buybacks in the first six months of this year, compared with $1.2 billion in all of 2021.
