buyback

Its quarterly buyback was maintained at $750 million as net debt remained broadly flat on quarter.

Still, investors may be a little bit disappointed that Berkshire didn’t purchase any of its own stock over the quarter, extending a run of no share buybacks since May 2024.

Keppel’s shares could gain in the near term if the company continues its share buybacks or increases its dividend payout, they add.

While they still hold plenty of cash, they have added debt to fund share buybacks, and more recently have started borrowing heavily to fund their AI investments.

Berkshire Hathaway eschewed stock buybacks once again in the third quarter, while growing its cash pile further and driving improvements to its insurance business.