Nov 07, 2024 / 03:30AM GMT
Unidentified Company Representative
So welcome, everyone. Thank you, all. We have had the media briefings. We can, as usual, go straight to Q&A. It's a hybrid session. There's actually some people in the room.
(Operator Instructions)
Questions and Answers:
Unidentified Company RepresentativeBut why don't we start with some questions in the room first. Harsh?
Harsh Modi - JPMorgan Chase & Co - Analyst
Congratulations. Thanks for doing it in person and great results. Two questions. First on buyback, second on ALM. The point you made, Piyush, on comparing to JPM and Apple was very interesting because these guys over the last decade have canceled about 30-odd percent of shares. So the question is to you and Tan Shan is, is this more one-off because you guys had this big capital release and maybe another $3 billion, $5 billion we had done? Or is it beginning of that a decade-long journey where you cancel out a big chunk of shares?
And then the related question to that is, does the Temasek shareholding at
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