Share Buy back

$SIA (C6L.SG)$ Share buybacks represent a significant corporate financial strategy, signifying that a company has relatively abundant cash and is choosing to reinvest in itself. This action can often be interpreted as a signal of self-confidence from the company's management, suggesting that they believe the company's shares are undervalued or that there are no better investment opportunities available. Essentially, buybacks can enhance shareholder value by reducing the number of outstanding shares, which can lead to an increase in earnings per share (EPS) and potentially boost the stock price.