HKL had been doing share buyback almost daily in the month of Oct.
Recap on background
HKL announced share buyback programme on 06 Sep 2021 (Link).
HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.
HKL share price was USD4.20 on 06 Sep before the announcement was made.
How many % of the USD500M used to date?
Just 11% only
Today key message will be:
"If only 11% (USD54,136,498 out of USD500M) had been used for share buyback and the share price shot up to USD5.23 now, what will the share price be when its utilize 100% (USD500M)??"