One of the best investors the world has to offer, Warren Buffett, is an advocate of companies buying back their shares for the right reasons. And that is, if the firm’s shares are undervalued, and the reinvestment opportunities into the company are not as attractive.

On that note, let’s check out three businesses picked at random that have repurchased their shares thus far during the week, as of market open today.

HRnet Group Ltd (SGX: CHZ)

HRnetGroup, which went public in June last year, is the biggest Asia-based recruitment agency in the Asia-Pacific region, excluding Japan. For those who wish to know more about HRnetGroup and its growth prospects, you can check out the article here.

On 4 September 2018, the company bought back 200,000 shares at a price range of between S$0.89 and S$0.90 per share, forking out S$179,290 in all for the buyback.

HRnetGroup shares closed at S$0.89 apiece on Thursday. This translates to a trailing price-to-earnings (PE) ratio of around 15 and a trailing dividend yield of 2.6%.

Nordic Group Ltd (SGX: MR7)

Nordic is involved in providing automation system integration solutions, vessel maintenance, and repair and overhaul, among other services.

On 4 and 5 September, Nordic repurchased a total of 158,300 shares at a price range of between S$0.45932 and S$0.46493 per share. It spent slightly above S$73,500 in all.

Nordic shares ended Thursday at S$0.46 each. The gives a trailing PE ratio of around 11 and a trailing dividend yield of 3.6%.

Straco Corporation Ltd (SGX: S85)

Straco owns and operates tourism attractions in China and Singapore. In China, the company owns the Shanghai Ocean Aquarium, Underwater World Xiamen, and Lintong Lixing Cable Car attractions. Over in Singapore, Straco has a majority stake in the iconic observation wheel, Singapore Flyer.

On 4 and 6 September, Straco repurchased 85,000 shares ranging from S$0.73 to S$0.76 apiece, translating to a total cost of around S$63,000.

Straco shares last traded on Thursday at S$0.76…

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