CWT: The Loi family has been quietly buying CWT shares from the open market over the last 2-3 wks.
Loi Pok Yen, CEO bought 134 lots or 0.023% on 3 Dec.
Loi Kai Meng, his father and Chairman bought 1700 lots or 1.17% from 9 Dec till today…
KE sees this as a positive sign of the owners/ mgt's optimism for the co's prospects next year, given the high purchase price of $0.95 -0.985 (stock traded at $0.90 <3wks ago).
Believes the stock is still undervalued, with mgt keen on building up the logistics business. Potential multi-bagger in the long-run. $1.40 target price based on SOTP.
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