AMTD Digital Inc. Extends Share Repurchase Program Till Last Day Of Q1 In 2024
Portfolio Pulse from Benzinga Newsdesk
AMTD Digital Inc. (NYSE:HKD) has announced an extension of its existing share repurchase program until the end of Q1 2024. The program was previously announced on August 22, 2023, and updated on September 22, 2023.
October 24, 2023 | 1:32 pm
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AMTD Digital's extension of its share repurchase program could potentially increase the stock's value in the short term as it indicates the company's confidence in its own stock.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By buying back its own shares, a company can increase the value of its stock by reducing the number of shares in circulation. This could potentially lead to an increase in AMTD Digital's stock value in the short term.
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