Insider trades/buyback

Insider trades/buyback: Asia Insider notes buying fell while selling was low for the fourth straight week. Insider buys: 16 companies recorded 30 purchases worth $3.68m vs. 22 companies with 41 purchases worth $16.5m last week. Insider sells: 2 firms with 2 disposals worth $1.69m, vs. 2 firms, 3 disposals worth $2.95m last week. Buyback: 17 companies posted 71 repurchases worth $42.2m, contrasting 15 companies, 80 buybacks worth $63.7m. The service provider notes these transactions: Marco Polo Marine: Bought back for the first time since Nov’07 listing. 2.9m shares purchased throughout the week with average price of 30.1¢. Jubilee Industries Holdings: Maiden buyback since Jul’09 listing with 3.04m shares purchased between 21 to 24 Nov at an average of 5.5¢. The purchase price is materially lower than IPO price of 27¢. ISDN Holdings: Took opportunity to buy back more shares as price slid. 1m shares were bought at an average of 27.4¢ each. Sentiment not entirely positive this month as substantial shareholder Tna Thiam Chye sold 8m shares on 17 Nov at 29¢ cutting his stake to 7.91% from 22%. Mencast: Resumed buy back at lower price with 116,000 shares purchased from 26 to 28 Nov at 43¢. The price was 14% lower from the August 50¢ share price. JB Foods: Executive director Goh Lee Beng resumed buying with 0.5m shares purchased on 21 Nov at 13¢. The trade was made on the back of a 47% drop in share price since late April since 24.3¢. Sing Holdings: CEO Lee Sze Hao picked up 81,000 shares at 33.5¢, lower than the purchase prices earlier this year, between 33.7¢ and 37.7¢ United Envirotech: Executive director Wang Ning recorded first on-market trade since Jan’10 by selling 1m shares on 21 Nov at $1.63 each, 38% higher than Oct share price of $1.185. Suntec REIT: BlackRock became a substantial holder following the purchase of 3.52m units at $1.94. CEO Yeo See Kiat had previously bought 100,000 units on 3 Nov at $1.79. Suntec REIT had recently entered the MSCI Singapore index in the November review. UOL: Schroders disposed 3,000 shares at $6.56. Sentiment is not entirely negative for the quarter. Chairman Wee Cho Yaw purchased 532,000 shares from 10 to 14 Oct at $6.35 each.