$DBS (D05.SG)$ Why DBS is conducting their share buyback whe...
$DBS (D05.SG)$ Why DBS is conducting their share buyback when price is at this high?
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_MK_Watcher_ : There is a fund (SGD3 Billion) pre-allocated and authorized to buy back the shares (total 51.6 million shares) from the open market and cancel them off.
(For simplicity in computation = $3000m/51.6mil ~$58 per shares), so the current buyback price is actually not too high.