Insider transactions/Buyback

Insider transactions/Buyback: Asia Insider notes buying among directors surged last week, while selling stayed low for the sixth consecutive week for the week ending 12 Dec. Purchases: 26 companies made 50 purchases worth $6.5m, vs. 15 companies, 27 purchases worth $3.95m. Selling: 4 firms made 6 disposals worth $1m, vs. 3 companies with 3 disposals amounting $4.1m Notable transactions: - Keppel Corp: First buyback since Jun’00 with 1.56m shares at average of $8.27. Chairman Lee Boon Yang also bought 100,000 shares at $8.22. He previously bought 20,000 shares in April at $10.99. - SATS: Bought back 2.59m between 1 – 9 Dec at average of $2.93. These were lower than buybacks made between Feb to Nov. Meanwhile, CEO Alexander Hungate made his first on-market trade since appointment to the board in Jul’11, with 100,000 shares bought at $2.89. The combined trades made 25% of trading volume. -Rotary Engineering: Chairman and managing director Chia Kim Piow recorded his first on-market trade since Aug’11 with 280,000 shares bought at average of $0.50. The purchases were made on the back of the 39% drop in share price since the final week of May from $0.82. -Oxley Holdings: CEO Ching Chiat Kwong recorded his first on-market trades in real estate developer Oxley Holdings since October 2013 with 494,000 shares purchased from 8-11 Dec at average of $0.513. The trades accounted for 48% of trading volume, and were made on the back of a 38% drop in share price since April from $0.82. -Halcyon Agri: Executive director Pascal Demierre recorded his first on-market trade since the stock was listed in Feb’13, with 40,000 shares purchased on 10 Dec at $0.557. The trade increased his direct holdings to 21.8m shares or 5.17% of issued capital. -Ezion Holdings: CEO Chew Thiam Keng recorded his first on-market buys since appointment to the board in 2007 with 150,000 shares purchased from 4-9 Dec at average of $1.13, on the back of a 41% share price drop since Sept from $1.91. In the quarter, Commonwealth Bank of Australia (CBA) bought 3.8m shares at $2.07, raising interest to 5.13% (+78%). First State Investment bought 5.2m shares at $1.40, increasing deemed holdings to 8.07% (+59%) -Jason Holdings: Project director Nelson Sim Choon Joo made first on-market trades since the stock was listed in Sep’12 with 602,000 shares sold on 4 Dec and a further 398,000 shares on 11 Dec at average of $0.535. The trades were made on the back of a 58% rise in share price since Sep from $0.34, and IPO price of $0.225.