As the saying goes, cash is king. Companies can utilise the cash that they generate in several ways. Some businesses retain all the cash to reinvest for growth, and if their revenue and net profits increase, investors can benefit from capital gains as their share prices rise in tandem. Other companies may choose to pay out a dividend to reward shareholders if the business has cash above what the business requires. Yet other companies elect to carry out share buybacks. Such an exercise reduces the company’s total issued share capital, thereby increasing its earnings per share, all things being equal. Companies that engage in buy-backs are also hinting that their shares may be undervalued and are deemed cheap. Here are five blue-chip stocks that recently repurchased their shares. Note: All share buyback information relates to the period from August 26 to September 1, 2022. Wilmar International Limited (SGX: F34) Wilmar is a leading agribusiness group with an integrated business model that encompasses...