3 Companies That Have Repurchased Their Shares This Week

Warren Buffett is someone who strongly 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 so far during the week.

1. SIA Engineering Company Ltd (SGX: S59)

SIA Engineering provides base and line maintenance of aircraft, among others.

On 9 and 10 October, the firm bought back 122,300 shares ranging from S$3.18 to S$3.19 per share, translating to a total cost of around S$390,600.

Shares of SIA Engineering are going at S$3.21 apiece. This translates to a trailing price-to-earnings ratio of 21 and a dividend yield of 4.1%.

2. Singapore Post Limited (SGX: S08)

Postal and logistics services provider, Singapore Post, is no stranger to Singaporeans. With a history stretching back 150 years, it currently operates three business segments – Postal, Logistics and eCommerce. This week, the company unveiled the revamped SingPost Centre at Paya Lebar, which features a “smart” post office.

On the 10 October, the firm repurchased 300,000 shares at a price of S$1.265 per share. The total cost came up to approximately S$380,000.

At the time of writing, the shares are selling at S$1.265.

3. 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 9, 10, 11 and 12 October, the firm repurchased a total of 1,500,300 shares at a price range of between S$1.87 and S$1.92 apiece. The total cost was around S$2.86 million.

Shares of the property developer are going at $1.875 currently, giving a price-to-book ratio of 0.86 and a dividend yield of 2.3%.

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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.