MENU

These 3 Companies Bought Back Their Shares This Week

Companies repurchasing their shares could be a signal to the market that they are undervalued. Let’s look at three firms picked at random that have repurchased their shares thus far during the week, as of market open today.

Keppel Corporation Limited (SGX: BN4)

Keppel Corporation has four business divisions – Offshore & Marine (O&M), Property, Infrastructure and Investments. The O&M division is one of the world’s largest oil rig builders.

On 23 and 24 July 2018, the conglomerate bought back a total of 439,000 shares at a price range of between S$7.02 and S$7.06 per share. The total cost came up to slightly below S$3.1 million.

Keppel Corporation shares closed at S$6.86 each on Thursday. This translates to a price-to-earnings (PE) ratio of 32 and a dividend yield of 3.5%.

Sembcorp Marine Ltd (SGX: S51)

Sembcorp Marine is another large oil rig builder, just like Keppel Corporation’s O&M division.

On 23, 24 and 26 July, the company bought back a total of 400,000 shares at a price range of between S$1.83 and S$1.8498 per share. It spent slightly around S$739,000 in all.

Shares in Sembcorp Marine ended Thursday at S$1.83 apiece. The firm is going at a price-to-book ratio of 1.6 and a dividend yield of 0.5%. It has no trailing earnings to speak of.

HC Surgical Specialists Ltd (SGX: 1B1)

HC Surgical is a medical services group mainly engaged in the provision of endoscopic procedures and general surgery services in Singapore.

On 23 July, HC Surgical repurchased 300,000 shares at S$0.67 each, translating to a cost of around S$201,500.

HC Surgical last traded at S$0.665 on Monday, giving a PE ratio of 22 and a dividend yield of 3.2%.

There are 28 surprising and important things we think every Singaporean investor should know—and we’ve laid them all out in The Motley Fool Singapore’s new e-book. Packed with information and insights, we believe this book will help you be a better, smarter investor. You can download the full e-book FREE of charge—simply click here now to claim your copy.

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 does not own shares in any companies mentioned.