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Editorial Desk
Editorial Desk | 10 April 2015
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By: Choo Hao Xiang
Articles (151) Profile

One of the most important questions to ask when investing is how a company rewards its stakeholders. Well, there are generally three ways. Capital appreciation and payouts in the form of dividends or cash distribution are two most common means.

The third method, and most likely the overlooked one, is via share repurchase. This involves the company buying back its own shares from the market, reducing its outstanding share count. It thereby translates to an increase in a shareholder’s relative ownership stake as well as shareholder value.

In this issue’s cover story, we feature a company that has been executing share buybacks since mid-2014 – Koh Brothers Group. The well-established construction, property development and specialist engineering solutions provider had bought back some 6 percent of its outstanding shares as at 31 March 2015. What is driving the company to repurchase its shares? Is the company a potential value play?

The next company that caught our attention is Accordia Golf Trust, Singapore’s first listed business trust which comprises golf assets in Japan. With a projected double-digit distribution yield, the company is set to be one of the highest yielding counters among business trusts and real estate investment trusts. Click here to see how the company plans on delivering that.

Last but not least, we share insights into fund movements in 2014. Which fund type is the favourite amongst investors and which fund type is gaining traction? Find out here.

For those who have not heard, Shares Investment now covers the Hong Kong market. With year-to-date gains in excess of 15 percent, the Hong Kong market is the second top performer in Asia. Interested to know more?  You can find a curated list of companies featured in our odd-numbered issues of our print magazine, that represents what the investing community is fixated on. Be sure to check them out!

Enjoy the read!

Haoxiang manages and oversees the portfolio of stocks in the consumer goods and hospitality sectors at Shares Investment.

Please click here for more information about this author.

Koh Brothers Group  0.220 +0.005 +2.33%   
Business: [FY18 turnover] Construction & building materials (97.7%), real estate (1.5%), leisure & hospitality (0.8%).

Insight: May-19, 1Q19 revenue rose 17% due to higher contri... Read More
Accordia Golf Trust  0.525 +0.005 +0.96%   
Business: A business trust specialising in investments in golf courses, driving ranges, and golf course related assets in Japan.

Insight: Feb-19, 9M19 operating income fell 2% to JPY41.1b ... Read More

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The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

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