Insider trades

Insider trades: Asia Insider noted that buying was strong a third week, whilst insider selling stayed low for the week ending 28 Aug.

Buys: 50 companies made 122 purchases worth $19.4m, vs. 34 firms, 76 transactions worth $7.54m the week prior.

Sells: One company sold two disposals worth $0.83m, vs. one firm making a trade worth $0.26m

Buybacks: 37 companies made 137 repurchases worth $126.9m, vs. 34 companies, 148 transactions worth $171.2m

Notable transactions:

Ho Bee Land: Resumed buybacks with 917,000 shares purchased at average of $1.94, accounting for 85% of stock’s trading volume. The group had previously acquired 409,000 shares in Jan at $1.95 each.

SMRT: Directors acquired a combined sum of 73,000 shares at $1.15 each, on the back of a 36% drop in share price since Feb.

China Aviation Oil: Independent director Ang Swee Tian recorded his maiden on-market trade with 62,000 shares purchased at 52.4¢ each, on the back of a 41% fall in share price since April.

Q&M: CEO Dr Ng Chin Siau made his first corporate shareholder trade with 1.16m shares purchased at 60¢, on the back of a 39% share price drop since May.

iFast: Chairman and CEO Lim Chung Chun and non-executive director Lim Wee Kian bought 120,000 shares at average of $1.20, after the stock fell 18% since Aug 11.

OSIM: Founder and boss Ron Sim picked up where he left off in July, purchasing 3.2m shares at $1.46, after the stock fell 17% since 11 Aug. He had previously acquired half a million shares in Jul at $1.26.

UOL: Wee Cho Yaw picked up where he left off in Oct ’14 with 542,000 shares purchased at $6.03, after a 26% drop in share price since the last week of April.