Yangzijiang Shipbuilding Soars 4.12% Following SG$3.9 Million Share Buyback

Stock Track
04-11

Yangzijiang Shipbuilding (SGX:BS6) saw its stock price soar by 4.12% during intraday trading on Friday, following the company's announcement of a significant share buyback. The shipbuilder's latest move to repurchase its own shares has sparked investor interest, driving the stock to new heights.

According to a filing with the Singapore Exchange, Yangzijiang Shipbuilding bought back 2 million shares in the open market on Thursday for a total of SG$3.9 million. This latest buyback is part of a larger program authorized by the company, which permits the repurchase of approximately 395.1 million shares. To date, the company has already bought back 9 million shares, demonstrating a consistent commitment to this strategy.

Share buybacks are often viewed favorably by investors as they can potentially increase the value of remaining shares and signal management's confidence in the company's future prospects. By reducing the number of outstanding shares, earnings per share can increase, making the stock more attractive to investors. The market's positive reaction to Yangzijiang Shipbuilding's buyback suggests that investors are interpreting this move as a sign of the company's financial strength and optimistic outlook for its business.

YZJ Shipbldg SGD soars 4.12% at 2:41 pm, Apr 11th.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10