3 Companies That Have Bought Back Their Shares This Week

Warren Buffett is someone who actively encourages companies to buy back their shares if the conditions are right. In his 1984 Letter to Shareholders, he opined:

“When companies with outstanding businesses and comfortable financial positions find their shares selling far below intrinsic value in the marketplace, no alternative action can benefit shareholders as surely as repurchases.”

On that note, let’s take a look at three companies picked at random that have repurchased their shares thus far this week.

1. Bumitama Agri Ltd (SGX: P8Z)

Bumitama Agri is a producer of palm oil and palm kernel in Indonesia.

On 25 and 26 September 2017, the company bought back a total of 400,000 shares at S$0.745 per share, spending around S$298,600.

Shares of the commodity firm are going at S$0.735 now. This translates to a trailing price-to-earnings (PE) ratio of 10 and a dividend yield of around 2%.

2. Yanlord Land Group Limited (SGX: Z25)

Yanlord Land is a real estate developer based in China that focuses on developing high-end residential, commercial and integrated properties in the country.

On 25, 26 and 27 September, the firm repurchased a total of 1,684,900 shares at a price range of between S$1.77 and S$1.835 apiece. The total cost was close to S$3.06 million.

Shares of the property developer are trading at $1.86 currently, giving a price-to-book ratio of 0.85 and a dividend yield of 2.4%.

3. Koh Brothers Group Ltd (SGX: K75)

Established in 1966, Koh Brothers is a construction, property development and specialist engineering solutions provider.

On 26 and 27 September, the company repurchased 280,900 shares at S$0.31 per share, translating to a total cost of around S$87,300.

Koh Brothers is going at S$0.325 per share. This gives a PE ratio of 14 and a dividend yield of 1.1%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.