$DBS (D05.SG)$ DBS target S$3 billion buyback program, while maximum number of shares authorized for purchase is 51.6 million shares. If you just devide the S$ by the authorized shares, average unit price will be S$58. What's your interpretation, open for discussion.
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103515241 OP : Based on disclosed information by DBS, they had accumulated 4.5 million shares (8.8% from authorized shares) with a total value of S$198.5 million (6.6% from the target S$3B), in which average at S$43.63 a share. There is still a long way to go and the PIC is doing a great job so far on controlling the purchase cost versus target.
103515241 OP :
no wonder buyback