$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$announced another $500m for share buyback. Which means they have allocated $1billion for share buyback already. A share buyback is kind of an indirect dividend that is paid to all shareholders. With $1b in share buyback that is equivalent to a dividend of about 42.86 cents per share.
The previous time they announce the first $500m of share buyback the share price went from $4.20 to a high of $5.77. This is time round will it go from from $4.86 to $6.36?
https://www.sgx.com/mobileapp?action=view&cat=company-announcements&id=82J89E3SS8AUTROV
https://www.businesstimes.com.sg/stocks/hot-stock-hongkong-land-surges-as-much-as-136-on-proposed-us500m-share-buyback-plan
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