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BYT Holdings Ltd ( (TSE:BYT) ) has issued an announcement.
BYT Holdings Ltd. has announced a normal course issuer bid (NCIB) to repurchase up to 1,179,725 common shares, representing approximately 2% of its outstanding shares, as it believes its shares are undervalued. The NCIB, which will be executed through Canaccord Genuity Corp., is set to begin on December 4, 2025, and will conclude by December 3, 2026, unless completed earlier. Additionally, during its recent annual general meeting, all proposed resolutions were approved, including the election of director-nominees and the appointment of HML PLT as the external auditor, reflecting strong shareholder support.
The most recent analyst rating on (TSE:BYT) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on BYT Holdings Ltd stock, see the TSE:BYT Stock Forecast page.
Spark’s Take on TSE:BYT Stock
According to Spark, TipRanks’ AI Analyst, TSE:BYT is a Neutral.
BYT Holdings Ltd’s overall stock score is primarily impacted by its financial performance, which is weak due to declining revenue, persistent losses, and liquidity issues. The technical analysis provides a more positive outlook with bullish momentum, but this is overshadowed by poor valuation metrics, including a negative P/E ratio. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:BYT stock, click here.
More about BYT Holdings Ltd
BYT Holdings Ltd., based in Singapore, specializes in providing comprehensive turnkey engineering, procurement, and construction management solutions. The company focuses on consultancy, design, and construction of high technology production facilities, primarily in Singapore and Southeast Asia.
Average Trading Volume: 34,405
Technical Sentiment Signal: Buy
Current Market Cap: C$3.78M
See more data about BYT stock on TipRanks’ Stock Analysis page.