Insider trades

Insider trades: Asia Insider notes that for the week ending 9 Oct, insider buying fell after two straight weeks of increases.

Insider purchases: 19 corporates recorded 35 purchases worth $2.34m, vs. 30 firms, 59 transactions worth $14.76m the week prior.

Insider selling: 5 companies recorded 6 disposals worth $0.364m, vs. one disposal worth $7.67m

Buybacks: 20 companies made 81 repurchases worth $13.3m, vs. 32 firms, 127 buybacks worth $148.7m.

Notable transactions:
Nordic Group: Chairman Chang Yeh Hong bought 2.3m between 2-9 Oct at average of 18.1¢, accounting for 40% of the stock’s trading volume. Meanwhile, The group bought back 818,000 shares over the same time frame at average of $18.4¢.

OSIM: Recorded buybacks and purchase by founder, chairman and CEO Ron Sim. Ron Sim acquired 5.17m shares between 17 Sep to 8 Oct at an average of $1.62, accounting for 22% of the stock’s trading volume. Meanwhile, OSIM repurchased 5m shares between 17 Sep and 8 Oct at an average of $1.62.

GuocoLeisure: Non-executive chairman Quek Leng Chan and independent non-executive director Timothy Teo Lai Wah bought a combined 1.78m shares at an average of 79¢, accounting for 42% of trading volume. Asia insider notes that GuocoLeisure’s share prices have been found to rise an average 8%, three months after Quek’s purchases, based on 181 transactions since 2004.

SBI Offshore: Executive chairman Chan Lai Thong, CEO Tan Woo Thian and independent non-executive director Mirzan Mahathir acquired a combined 195,000 shares between 2-8 Oct at average of 18.9¢, accounting for 33% of the stock’s trading volume.
China Everbright Water: Independent director Chang Fong Yee made his maiden on-market trade, selling 200,000 shares at 64¢, on the back of a 44% drop in share price since April.