$HIBISCS (5199.MY)$ The company continues to repurchase stoc...
$HIBISCS (5199.MY)$ The company continues to repurchase stocks
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田東正 OP : Buy cheap tickets......
103206428 : why buy back own stock? I'm new to stock market, please shed some lights on what their purpose is
田東正 OP 103206428 : The stock price is too low, undervalued, hence the company repurchases. Doing so can support the company's stock price and is also a way for the company to invest and manage finances.