Insider trades: Asia Insider notes that insider trades plunged for the week ending 6 Nov.
Purchases: Seven companies recorded 17 transactions worth $0.77m, vs. eight companies, five purchases worth $1.06m the week prior.
Sales: One company recorded a disposal worth $0.68m, vs. three companies recording five disposals worth $1.15m the week before.
Buybacks: Seven companies made 13 repurchases worth $9m, against nine firms, 24 repurchases worth $10.5m in the previous week.
Notable transactions:
Hyflux: Resumed buybacks, picking up 700,000 shares at $0.68, after reporting a 13% drop in 3Q15 net profit. The group previously bought 5.07m shares at $0.701 average between 18 Sep and 1 Oct.
OCBC: Resumed buybacks after announcing 3Q15 results on 28 Oct with 250,000 shares purchased at an average of $9.45. OCBC’s core net profit fell 7% in 3Q15.
TEE International: CEO & MD Phua Chian Kin at latest bought 690,000 at average of 24.4¢, increasing his direct holdings to 55.09%. Since Oct, he has bought 3.34m shares, accounting for 74% of stock volume.
Japfa: Executive deputy chairman Handojo Santosa resumed buying shares with 100,000shares purchased on 4 Nov at 46¢, on the back of a 33% rebound since 15 Oct.
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