Chip Eng Seng

[BlueKelah]

I would not read too much into the share buy backs as they have been happening for quite a while now and since purchases this year happened on peaks, it looks like this is just a standard buy-back program which is not directly targeting a specific value or target. They could be not buying back anything next month. Besides major benefit would go to the Lims.

I personally prefer div payments if there is excess cash. those millions could have been used to reduce debt and interest expense thereby boosting income as well.

Always keep gearing in mind and don't count your chickens until they hatch or rather don't count your buildings until they are constructed.