TREE NEWS reports: Thirteen companies in the STAR 50 index are executing share buyback plans with a combined cap of 5.08 billion yuan ($710 million), of which 1.04 billion yuan has been repurchased so far. Since Oct. 8, eight STAR 50 constituents — including Alice, Biwin Storage, Piotech, Montage Technology, GalaxyCore, Hygon Information, Shengyi Electronics and Hwatsing Technology — disclosed new buyback plans totaling about 2.65 billion yuan at the upper limit. Separately, Loongson Technology’s controlling shareholder plans to increase its stake by 5-6 million yuan within six months.
13 STAR 50 companies execute buybacks, cap at 5.08B yuan
AI take
The buyback wave is concentrated in chip and semiconductor names, suggesting STAR 50 constituents are leaning on capital-return tools to signal confidence while earnings visibility stays murky. The gap between the 5.08 billion yuan cap and the 1.04 billion yuan actually repurchased matters more than the headline figure, since announced plans are not committed cash. Loongson's shareholder increase is small in scale but notable as a separate confidence signal. Whether the disclosed plans translate into faster execution, and whether more index members follow, is the open question.
Generated by AI for reference only.
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